S1 Corporation Expands S1 Business Banking and S1 Personal Banking Enterprise Solutions.Business Editors ATLANTA--(BUSINESS WIRE)--Oct. 30, 2002 New Features Include Online Customer Enrollment, Enhanced Transfer and Payment Capabilities and Integrated OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects S1 Corporation (Nasdaq: SONE), a leading global provider of Enterprise solutions for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, today announced the availability of S1 Business Banking 1.2 and S1 Personal Banking 1.2. S1 Business Banking offers powerful cash management functionality with enhanced channel integration and self-service features, enabling small- to mid-size businesses to manage their daily financial transactions more effectively. S1 Personal Banking enables retail customers to easily manage all of their banking relationships anytime, anywhere and initiate bill payments and funds transfers. S1 OFX delivers integrated two-way OFX capabilities for S1 Business Banking and S1 Personal Banking. S1 Business Banking 1.2 allows financial institutions to strengthen their commercial customers' online banking experience. The new enhancements offer online customer enrollment services for accounts, bill payment, and other company-oriented self-service functions. A complete check services module allows commercial customers to manage stop payments with initiation, view and cancel stop features, and includes complementary functions such as check inquiry, issue file upload Transmitting a file from your computer to another computer. "File upload" is essentially the same term as "upload," because most of the time data are transmitted as a structural unit known as a "file." and positive pay. S1 will follow its release of Business Banking 1.2 with the introduction of S1 Corporate Banking 1.2, which is expected to be released in 2003. Also built on the S1 Enterprise Platform, S1 Corporate Banking 1.2 will help banks to further leverage their infrastructure by offering their large corporate customers complete management of their global finances with a more sophisticated payments engine and robust cash management functionality within a multi-lingual and multi-currency framework. S1 Personal Banking 1.2 provides personal banking customers with online capabilities to manage their banking, credit card, and loan accounts. Customers can view statements and activity online, see cleared and pending transactions, transfer funds, and pay bills online. The latest release of the product offers enhanced online customer enrollment capabilities, as well as additional payment and transfer features. S1 Business Banking 1.2 and S1 Personal Banking 1.2 will now offer customers a real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. environment for day-to-day day-to-day adj. 1. Occurring on a routine or daily basis: the day-to-day movements of the stock market. 2. operations via S1 OFX, a two-way OFX server. S1 OFX efficiently and effectively synchronizes account transfer and payment data, payment instructions and payee The person who is to receive the stated amount of money on a check, bill, or note. payee n. the one named on a check or promissory note to receive payment. PAYEE. The person in whose favor a bill of exchange is made payable. information. S1 OFX integrates account information with leading accounting packages such as Intuit's Quickbooks(R) and Quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business. (R), and Microsoft(R) Money, to reduce customers workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. time and effort. The S1 OFX server allows users to eliminate double entry of transactions and the matching account activity between their online banking applications and their money management software. S1 Business Banking and S1 Personal Banking are built on the S1 Enterprise Platform, a J2EE-based open architecture that allows financial services providers to drive down operational costs and integrate other delivery channels and services. These solutions can either be deployed as an in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. solution or implemented in an S1 Data Center. All S1 banking solutions come with the S1 Application Manager, an administration tool that coordinates the elements of customer information, data presentation, configuration and operational needs. With the completion of S1 Personal Banking, S1 Business Banking and S1 Corporate Banking on the same platform, banks and their customers enjoy best of breed solutions on a shared infrastructure, which provides a common experience for bank staff and bank clients in any segment. "The added functionality in S1's internet banking products is proof of our commitment to meet and exceed financial service providers' expectations for solutions that enable business and retail customers to easily manage their daily financial transactions," said Steve Ely, senior vice president, worldwide marketing. "With the addition of the Enterprise application enhancements, S1 is empowering financial institutions to immediately lower operational costs, deploy a single platform for integrating multiple channels and bring to market highly competitive retail and commercial banking services." About S1 Corporation S1 (Nasdaq: SONE) is a leading global provider to approximately 4,000 banks, credit unions, insurance providers, and investment firms of enterprise software solutions that create one view of customers across multiple channels, applications and segments. S1's Enterprise solutions uniquely combine customer interaction and financial transaction capabilities, resulting in a more compelling experience for the customers and a more profitable relationship for the financial institution. S1 is the only provider with the proven experience, breadth of products, and financial strength to empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems financial services companies' enterprise strategies. Additional information about S1 is available at www.s1.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc results of operations; future product availability; product features and benefits; market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and market strategies. Such statements are made based on management's beliefs as well as assumptions made by, and information currently available to, management, pursuant to "safe-harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. While these statements reflect our best judgment, they are subject to risks and uncertainties that could cause a change in focus and direction. A discussion of certain risk factors that may cause actual results to differ from these forward-looking statements can be found in S1's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the period ended December 31, 2001, on file with the SEC. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion