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NORCROSS, Ga., May 5 /PRNewswire-FirstCall/ -- Postilion, a leading global provider of integrated solutions for payment processing and self-service banking and a division of S1 Corporation (Nasdaq: SONE), today announced that Loves Travel Stops & Country Stores will deploy Postilion solutions to enable the company to centralize fleet card authorization and transaction capture.
Loves chose Postilion solutions because they are able to streamline its authorization and transaction capture process by integrating payment for fuel at the pump with traditional retailing, despite the complexity of the travel industry and the range of fleet cards used to purchase fuel. This is done via a central open-systems payment switch running Postilion, rather than at the store level.
"Given our current goals for growing our stores by 15 locations a year and the increasingly tighter margins on fuel purchases, it was imperative that we find new ways to streamline our transaction processing," said James Xenos, Vice President and CIO, Loves. "The Postilion Forecourt and POS Payments solution and the Postilion Payment Switching solution enable us to further control the payment transaction authorization and settlement process, which in turn reduces our costs and improves our customers' overall experience at the pump and in the store."
Pierre Naude, Senior Vice President and General Manager of Postilion Americas, said, "We are delighted that Loves has joined the Postilion family of customers and will be taking advantage of our solutions to integrate payments at the fuel pump with the convenience store. This reduces transaction processing time and the in-store hardware footprint."
Postilion solutions are known worldwide, for their flexibility, security, regulatory compliance, and high application availability.
About Loves
Founded in 1964 by Tom Love, Loves Travel Stops & Country Stores is headquartered in Oklahoma City, Okla., and remains family owned and operated. With more than 200 locations in more than 30 states, Loves current growth rate is approximately 15 stores per year. Loves is currently ranked No. 42 on Forbes' Magazine's annual listing of America's largest privately held companies. From the first filling station in Watonga, Okla., the Loves mission has remained the same: "Clean Places, Friendly Faces." For more information, please visit www.loves.com.
About Postilion
Postilion, a division of S1 Corporation, is a leading provider of integrated solutions for self-service banking and payment processing. Our offices, on five continents, serve over 1,500 customers in more than 50 countries. Postilion solutions drive self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones.
More than 100,000 ATMs and 500,000 POS terminals worldwide run on Postilion solutions. In the United States, over 1,250 credit unions and community financial institutions use Postilion solutions. Built on open systems, Postilion solutions provide consolidated management information, card management, 3DES and EMV enablement, and loyalty management. At the forefront of compliance with new regulations and security enhancements, such as the Payment Card Industry Data Security Standard (PCI DSS) and Visa's Payment Application Best Practices (PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry. More information is available at www.postilion.com.
About S1 Corporation
S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at www.s1.com, www.postilion.com, www.S1enterprise.com, and www.fsb-solutions.com.
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at www.s1.com or the SEC's web site at www.sec.gov) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.
SOURCE Postilion
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