S1 Corporate Banking's New Enhanced ACH Solution Launched by Major Financial Institution

S1 Corporate Banking's New Enhanced ACH Solution Launched by Major Financial
Institution

ATLANTA, April 10 /PRNewswire-FirstCall/ -- S1 Enterprise, a division of
S1 Corporation (Nasdaq: SONE) and a leading provider of multichannel financial
service software, today announced the latest version of its online ACH
solution powered by the S1 Corporate Banking application. This version
provides new capabilities such as a central repository for payee information,
additional ACH transaction types, improved usability features, and advanced
security options and controls.
Wachovia Bank, N.A. is among the first clients of S1 Enterprise to use
this new ACH service. "Our clients demand 'best-of-breed' tools to manage
their businesses effectively," said Michael Daley, senior vice president of
Treasury Services for Wachovia Bank. "We are pleased to 'partner' with S1
Corporation to deliver the functionality and performance our ACH customers
require."
Wachovia's ACH solution will primarily service its small business and
commercial clients with a fully functional, easy to use, online, ACH service.
Wachovia's clients will access the new ACH service via the Wachovia Connection
online banking portal to initiate multiple types of ACH payments -- including
tax payments, payroll, direct debits and trade payments. S1 will provide tax
routing and formatting updates to the Bank and will also assist Wachovia with
implementation services.
"We designed S1 Corporate Banking to support the sophisticated payment
requirements of top global banks. We are proud to work with Wachovia Treasury
Services as one of their strategic 'partners,'" said Fred Dumas, General
Manager, S1 Treasury Online Group. "We are committed to providing benefits to
Wachovia for many years to come."
S1 has almost twenty years of experience providing cash management
solutions to the world's largest banks. S1 Corporate Banking provides an
integrated global payments framework supporting diverse domestic and
international payments, including wire transfers, account transfers, ACH and
localized payments for over twenty countries. In addition to comprehensive
payment services, S1 Corporate Banking offers a rich, highly flexible
user-interface, extensive security and entitlement features like multi-factor
authentication, bulk file transfers, check services, and complete information
reporting supporting cash position management.
About S1 Enterprise
More than 100 banks and three million consumer, small business, and
corporate users worldwide rely on S1 Enterprise solutions to access and manage
their financial information. A division of S1 Corporation (Nasdaq: SONE), S1
Enterprise is a leading provider of integrated banking solutions that enables
financial service providers to receive a holistic view of their customer via a
common technology platform regardless of delivery channel -- branch, call
center, Internet, or voice. Additional information about S1 Enterprise is
available at www.S1Enterprise.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 S1 Corporation

Missy Rose of S1 Enterprise, +1-704-423-2504, missy.rose@s1.com