SunTrust Selects Moneta for Secure Online Payment Option for Clients' Internet Purchases

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Tue Nov 3, 2009 11:00am EST

SunTrust Selects Moneta for Secure Online Payment Option for Clients' Internet
Purchases


ATLANTA, Nov. 3 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) and
Moneta Corporation today announced that SunTrust has selected Moneta's online
payment service to offer clients an additional payment option when they shop
with select online retailers.  The service is currently being provided free to
select SunTrust clients as an initial pilot program.

With this service, users are able to pay leading Internet merchants online
securely from their bank account, offering more online anonymity and privacy
protection.  In addition, most participating retailers offer unique incentives
and discounts for shoppers paying via Moneta. 

"In today's economy, consumers are looking more closely at how they pay for
purchases," said Hugh Gallagher, SunTrust's Senior Vice President for deposit
product management.  "More consumers are going to online shopping sites for
everyday needs as well as special occasion purchases.  Moneta's payment
service provides a secure and convenient payment method, enabling users to pay
directly from a bank account for Internet purchases while protecting their
financial information.  The Moneta payment service dovetails nicely with our
commitment to help SunTrust clients 'live solid' by practicing responsible
financial management."

"Bank customers continue to be concerned about online privacy and many are
increasingly seeking secure and convenient ways to make online purchases
without exposing their card information.  Consumer demand for non-credit
online payment options such as Moneta's have increased during this challenging
economic cycle," said Guido Sacchi, Moneta's Chief Executive Officer.  

About SunTrust Banks, Inc.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest
banking organizations, serving a broad range of consumer, commercial,
corporate and institutional clients.  As of September 30, 2009, SunTrust had
total assets of $172.7 billion and total deposits of $119.3 billion.  The
Company operates an extensive branch and ATM network throughout the
high-growth Southeast and Mid-Atlantic states and a full array of
technology-based, 24-hour delivery channels.  The Company also serves clients
in selected markets nationally.  Its primary businesses include deposit,
credit, trust and investment services.  Through various subsidiaries the
Company provides mortgage banking, insurance, brokerage, investment
management, equipment leasing and capital markets services.  SunTrust's
Internet address is suntrust.com.

About Moneta Corporation
Moneta Corporation is a leading payments company offering secure, convenient
methods for consumers to pay online merchants directly from their checking or
money market accounts. Moneta partners with online merchants and banks to
accept and process payments, while providing additional branding opportunities
and revenue streams. Moneta's rapidly growing partner network enables online
retailers and travel providers to attract valuable customers with a preference
for paying directly from their well-established bank accounts. Moneta is a
privately-held company headquartered in Atlanta.  For more information, visit
www.monetacorp.com. 


SOURCE  SunTrust Banks, Inc.

Hugh Suhr, SunTrust, +1-404-827-6813, hugh.suhr@suntrust.com; or Carol
Kleywegt, Moneta Corporation, +1-678-398-4097, ckleywegt@monetacorp.com
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