S1 Corporation Recognizes Innovative Financial Institutions with the Third Annual S1 Excellence Awards; Regions Bank, FirstBank, UniBank, and Pennsylvania State Employees Credit Union Are Recognized for Technology Leadership.ATLANTA -- S1 Corporation (Nasdaq: SONE), a leading global provider of integrated front-office applications for financial institutions, today announced to 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 the winners of the third annual S1 Excellence Awards. The financial institutions recognized have successfully implemented S1 solutions to drive revenue growth, reduce costs, and enhance the customer cross-channel experience. The awards were determined by a panel of prominent industry experts, including Stuart Bilick, segment executive for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Americas' financial services mid market group, Peter Soraparu, external relations executive for BAI n. 1. a language spoken in the Dali region of Yunnan. Noun 1. Bai - the Tibeto-Burman language spoken in the Dali region of Yunnan Baic (Bank Administration Institute), Jim Eckenrode, vice president of TowerGroup, Octavio Marenzi, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Celent, and Bill Huff huff - To compress data using a Huffman code. Various programs that use such methods have been called "HUFF" or some variant thereof. Opposite: puff. Compare crunch, compress. , vice president of marketing for S1. The S1 Excellence Awards winners by category are: Regions Bank - S1 Excellence Award Regions Financial Corporation (NYSE NYSE See: New York Stock Exchange :RF), headquartered in Birmingham, Ala., is one of the nation's top 15 financial services providers with assets of $84.3 billion as of March 31, 2005 and some 1,400 offices and 1,700 ATMs across a 15-state geographic footprint in the South, Midwest and Texas. Regions has implemented S1 Personal Banking on the S1 Enterprise Platform, and is currently deploying S1 Business Banking. The solutions enable Regions to offer advanced online capabilities to consumer and business customers while integrating its operations, technology, and customer base with that of Union Planters Planters is an American snack food company under Kraft Foods manufacturing, best known for its nuts and the Mr. Peanut icon that symbolizes them. Started by Italian immigrants Amedeo Obici and Mario Peruzzi in Wilkes-Barre, Pennsylvania, in 1906, it was incorporated in 1908 , which merged with Regions in 2004. S1 Enterprise helps Regions focus on customer satisfaction and retention through both the exceptional usability and performance of its online solutions and its improved ability to package targeted product and services bundles for various customer segments. One measure of success is that Regions has recently experienced surges in daily new customer acquisition significantly higher than past averages. In addition, the bank has achieved greater channel integration as it now can present branch and ATM transactions online in real time. "With S1 Enterprise online solutions, we've established an online presence that has proven to be one of the best in the market in terms of performance and capabilities," said Mike Jackson For the P. G. Wodehouse character, see . For other people named Mike Jackson, see . General Sir Michael David "Mike" Jackson, GCB, CBE, DSO, DL, (born 21 March 1944) is a British army officer, formerly Chief of the General Staff. , president of alternative delivery for Regions. "This is helping Regions boost customer satisfaction and revenue while also delivering a more operationally efficient system. This system is at the core of our electronic relationship with customers and represents the center of the online banking experience at Regions." FirstBank - S1 Technology Innovators Award FirstBank, a community bank based in Lexington, Tennessee Overview Lexington is a city in Henderson County, Tennessee, United States. Lexington is midway between Memphis, Tennessee and Nashville, Tennessee sitting merely 10 miles south of interstate 40 which connects the two cities. The population was 7,393 at the 2000 census. with $1 billion in assets, has deployed S1 solutions for the consumer and business online channels as well as for voice banking, call center, and the ATM. The bank credits S1 Enterprise solutions, S1 Personal Banking and S1 Business Banking, in particular, with helping the bank to offer services that rival any of the regional or national banks in its markets. Since initiating free bill pay services in 2003 through S1 Personal Banking, the bank has seen online bill pay transaction increase by 300 percent. On the cash management side, FirstBank has utilized S1 solutions to introduce new services that have increased ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to transactions by as much as 700 percent annually. In addition, the bank has integrated the voice and ATM channels so that customers can access real-time account information online and the bank can input data from these channels into its CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. system to improve marketing programs. UniBank - S1 External Customer Experience Award The first priority at UniBank, a Whitinsville, Massachusetts mutual community bank with $630 million in assets, is customer service. To differentiate from larger competitors, UniBank uses S1 Teller and S1 Sales and Service Platform in its branches, S1 IBS IBS Irritable bowel syndrome, see there Retail Banking and S1 IBS Cash Management online, and S1 Voice Banking (powered by Edify ed·i·fy tr.v. ed·i·fied, ed·i·fy·ing, ed·i·fies To instruct especially so as to encourage intellectual, moral, or spiritual improvement. ) to achieve exceptional customer service. The branch solutions have greatly enhanced teller efficiency through user-friendly workflows, pre-filled transaction screens, and enhanced data forwarding capabilities. In fact, UniBank branches have cut new account opening time in half. The bank has pushed up customer online adoption to nearly one-third of all retail customers and is receiving consistent positive feedback from customers who appreciate the easy-to-use, feature-rich online application. S1 IBS Cash Management has also enabled the bank to significantly grow its municipal and small business deposits. The bank sees tremendous growth opportunity in these two markets, making the reliance on cash management technology a critical piece to future success. Pennsylvania State Employees Credit Union - S1 Internal Customer Experience Award Harrisburg, PA-based Pennsylvania State Employees Credit Union (PSECU PSECU Pennsylvania State Employee's Credit Union PSECU Parma School Employees Credit Union ), one of the nation's largest credit unions serving more than 300,000 members, has steadily grown its loan business using S1 Web Lending, S1 Consumer Lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. , and S1 Document Preparation over the last several years. With S1 Lending solutions, the credit union's loan management group has been able to increase the speed and efficiency of loan applications through automation and increased use of self-service via the Internet, easing the workload and problems experienced by lending staff and satisfying customers in the loan approval process. Now 85 percent of all loans are approved within 24 hours, and many approved loans reach fulfillment without someone "manually" handling the loan. More than half of PSECU members have applied for a loan online, with the majority of them receiving a response within 30 seconds. With 50 percent of consumer loan applications and 80 percent of equity loan applications coming through the Internet channel The Internet Channel is a version of the Opera 9 web browser for use on the Wii by Opera Software and Nintendo.[1] On December 22, 2006, a free beta version (promoted as a "trial version") of the browser was released. , lending and call center employees can spend more time growing the business by cross-selling and improving customer service. 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. 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 within the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 . 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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