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NORCROSS, Ga. and ENID, Okla., May 6 /PRNewswire-FirstCall/ -- Postilion, a leading provider of integrated software solutions for self-service banking and payments and a division of S1 Corporation (Nasdaq: SONE), today announced that Central National Bank of Enid (CNB), an Oklahoma-based community financial institution, will implement Postilion's suite of integrated self- service banking solutions, including Postilion Retail Internet Banking, Postilion Business Internet Banking, and Postilion Voice Banking.
As a community bank, CNB is well aware of the challenges of growing its customer base and opening new markets in the face of the expanding presence of national banks and non-traditional financial services organizations competing for its market share. However, as an innovative community bank, it has also recognized an opportunity to use technology to open new or untapped market opportunities and develop new revenue streams for the bank.
A long-time Postilion customer, CNB Enid is already deploying Postilion's ATM Driving and Card Management solutions today, which have helped the bank to offer FDIC-insured prepaid card products, along with card issuing and card processing, to both retailers and financial institutions that wish to enter the stored value card market. CNB's successful prepaid card programs include innovative features like inexpensive remittance capabilities, email and SMS notification, prepaid contactless card programs for universities, and several payroll card programs enabled at community financial institutions around the country.
CNB is now leveraging Postilion's broad range of self-service banking solutions to deliver an integrated, consistent customer experience across all of its self-service channels. Utilizing Postilion's single platform to deploy Internet Banking and Voice Banking alongside the ATM and Card Management solutions enables CNB to improve overall customer satisfaction with solutions that are driven by tight data integration, offer a common look and feel, and enable the bank to expose new products and services quickly. CNB also benefits by having a central banking portal for configuration, monitoring, and reporting across all channels -- giving CNB the ability to better service, market, and cross-sell to new and existing clients.
CNB's installation will begin in May, with plans to take the following solutions live throughout the year:
-- Postilion Retail Internet Banking -- a comprehensive Internet banking
service for retail customers, including account balance inquiries,
transfers, bill payments, ATM personalization, and user alerts.
-- Postilion Business Internet Banking -- a full-featured Internet banking
service for business customers, including a sophisticated set of
account, transfer, payment, payroll, wires, and self-service
functionalities, secure protection against fraudulent activities, and
targeted reporting.
-- Postilion Voice Banking -- the full range of voice banking
functionality, such as online and offline transaction processing, call
flow management, and voice driver management.
"As a community banker for more than 30 years, it is my experience that you must be willing to innovate in order to remain competitive or you end up sitting on the sidelines," said Brud Baker, President and CEO, Central National Bank. "We have an excellent relationship with Postilion and they have enabled us to continually deliver leading-edge solutions to our markets. We are confident that Postilion is the right partner to take our self-service banking solutions to the next level, empowering our customers with the right products and services where and when they want them."
"Banking and payments will continue to converge and Postilion is well positioned to help community financial institutions deliver the products and services needed to compete in this dynamic market," said Pierre Naude, Senior Vice President and General Manager of Postilion Americas. "We are excited about the opportunity to help Central National Bank of Enid be among the first community banks to deliver integrated self-service solutions to provide a truly pervasive financial services experience for its customers."
Postilion has delivered flexible, open payments systems with high availability and scalable transaction volumes for more than 13 years. Today, Postilion solutions are currently processing in excess of 7 billion transactions a year, supporting deployments by large and small financial services organizations, processors, and retailers worldwide.
The Postilion self-service solutions, including Internet, voice, ATM, and mobile, are packaged and configurable to meet the varying needs of community banks and credit unions and can be deployed in an ASP or on-premise environment.
About Central National Bank
Central National Bank of Enid is headquartered in Oklahoma and is held by Central Services Corporation. The bank reported assets of over $475 million in 2007. CNB has been issuing and processing prepaid cards since 2000.
About Postilion
Postilion, a division of S1 Corporation (Nasdaq: SONE), 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 (Nasdaq: SONE) 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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