New York Community Bank Uses S1 Postilion for In-House ATM Driving; NYCB Family of Community Banks Implements Enhanced ATM Processing Capabilities.
Founded 146 years ago, NYCB is currently the third largest thrift depository in the New York metropolitan area, is the region's largest supermarket banking franchise and is also the fourth largest thrift in the nation. NYCB, known as a family of community banks with a strong commitment to the communities they serve, has installed the Postilion system to handle all aspects of ATM driving, including ATM network management, related reporting and business management functions. An end-to-end ATM driving solution unique to this market, Postilion is made up of components that can be selected for every financial institution's needs.
Mosaic's solution for NYCB runs in a Microsoft Windows environment and includes interfaces to their core banking application and the Fiserv/CNS network. In addition, Postilion provides NYCB with a highly scalable and open architecture that permits easy implementation of new products to be delivered through the ATMs. The solution is also 3DES and EMV compliant and provides advanced-function ATM driving capability. Detailed reporting as well as automated settlement and reconciliation for all networks and interfaces will be handled by the Postilion Office component of the system.
"At NYCB, the ability to consistently provide the highest quality service to our customers is extremely important to our entire organization. We selected the Postilion system to give us greater control of our ATM network to insure just that," said Robert Brown, CIO at NYCB. "In addition, by bringing ATM processing in-house we will realize operational efficiencies and significant cost savings."
"The selection of Mosaic Software by NYCB as their preferred ATM processing software provider is quite an honor," stated Johann Dreyer, CEO at Mosaic Software. "We are very proud of the fact that our Postilion product continues to be recognized by leading financial institutions as the product of choice to deliver sophisticated automated financial services to their customers."
New York Community Bancorp, Inc. is the holding company for New York Community Bank and the fourth largest thrift in the nation, with assets of $24.6 billion at March 31, 2005. The Bank serves its customers through a network of 143 banking offices in New York City, Long Island, Westchester County and northern New Jersey, and operates through seven divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, CFS Bank, First Savings Bank of New Jersey and Ironbound Bank. The Bank is the leading producer of multi-family mortgage loans for portfolio in New York City and the third largest thrift depository in the New York metropolitan region. Additional information about the Company is available at www.myNYCB.com.
About Mosaic Software
Mosaic Software, an S1 Company, is a global EFT software company with offices in the United States, the United Kingdom, South Africa and Asia Pacific. The company has over 240 customers in more than 44 countries, providing leading-edge software solutions to financial institutions, retailers, network processors, mobile operators and portals.
Mosaic Software's product, Postilion, is at the forefront of next-generation payment processing software. Postilion drives payments and other financial transactions through ATMs, POS terminals, phones and Internet access points. This multi-channel architecture provides consistent cross-channel branding and integration, consolidated management information, integrated debit/gift card management, EMV enablement and loyalty software solutions.
Postilion reduces transaction processing costs, speeds up time to market for new products and offerings, improves analysis of customer transactions and business opportunities and increases profitability.
For more information, please visit www.mosaicsoftware.com and www.s1.com
About S1 Corporation
S1 Corporation is a leading global provider of integrated front-office applications for more than 4,000 banks and insurance providers around the world. Comprised of applications that address virtually every market segment and delivery channel, S1 solutions help integrate and optimize an institution's entire front office, resulting in increased operational efficiencies, revenue opportunities and overall customer satisfaction. S1 is the only provider with the proven experience, breadth of products and financial strength to empower financial services companies' enterprise strategies. Additional information about S1 is available at www.s1.com .
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.
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|Date:||Aug 15, 2005|
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