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S1 Corporation Delivers New Release of Retail Banking Solution for Online Financial Services.

Business/Technology Editors


New Capabilities in S1 Retail Banking 5.1 Allow Financial Institutions

to Rapidly Implement a Complete, Windows NT-Based Out-of-the-Box


S1 Corporation (Nasdaq:SONE), a leading provider of eFinance solutions and services, today announced the availability of S1 Retail Banking 5.1, its Windows NT-based online banking application. With streamlined implementation techniques, financial institutions can rapidly deploy a fully functional, out-of-the-box solution that includes new capabilities for electronic bill payment and presentment, customer support tools and portal and internationalization features, on-premise or at an S1 Data Center. With the brandable S1 Retail Banking application, financial institutions can build and maintain strong customer relationships, generate revenue and gain competitive advantage.

"As part of a longstanding relationship with S1, we have implemented the Retail Banking application for more than 85 U.S.-based financial institutions," said Greg Sackenheim, director of eCommerce Outsourcing at NCR. "We are excited about the new product because its powerful functionality provides institutions with the industry's most competitive vehicle for delivering online financial services. The features enabling internationalization, leading-edge bill payment and presentment, support for financial portal, one-to-one marketing initiatives and account aggregation put us at the forefront of Web-based financial services. With Retail Banking's rapid deployment capabilities, we are able to offer our customers a distinct advantage in optimizing their time-to-market strategy."

This latest version of S1 Retail Banking introduces several enhancements that speed implementation time, such as an "out-of-the-box" user interface and structured data access layer, allowing financial institutions to re-brand the user interface and rapidly deploy Internet-based financial services. Banks can also build custom applications by employing Retail Banking's powerful development tools. Additional new functionality in S1 Retail Banking 5.1 includes:

-- Enhanced Electronic Bill Payment and Presentment - a second generation standalone bill aggregation engine, tools for building adapters to multiple payment and presentment vendor systems and enhanced administration and reporting functionality provide financial institutions with a flexible solution for offering customers a single interface for receiving and paying all of their bills. Additionally, the new aggregation engine provides financial institutions with the ability to present bills from a variety of consolidators;

-- Strengthened Customer Support Tools - S1 Retail Banking 5.1 includes customer care options, such as a new customer service desktop with "on behalf of" operation and separate transaction logs, secure e-mail communication and the ability to fully integrate online customer support with a bank's call center, in order to build customer loyalty;

-- A New User Interface - for easy, intuitive navigation to enhance customers' interactions with their financial institutions;

-- New Portal Capabilities - to create powerful sites that encourage customers to make their financial institution's portal their primary destination on the Internet, S1 Retail Banking offers a brandable, pre-log-on portal with customizable content such as news, sports, weather and stock quotes;

-- Internationalization Features - S1 Retail Banking 5.1 includes support for European and Asian markets. S1 Retail Banking 5.1 supports the Euro, international payments, double byte characters and multi-currency and multi-language capabilities; and

-- Integration with S1 Business Banking 5.1 - S1 Retail Banking is tightly integrated with S1 Business Banking 5.1 so that financial institutions may need to develop many of their back-end interactions only once. Together, S1 Retail Banking and S1 Business Banking form the first retail to medium-size business solution for financial institutions.

"S1 Retail Banking 5.1 will provide our customers with the functionality and flexibility they need to establish their brand quickly and cost effectively," said Herve Couturier, executive vice president of products at S1 Corporation. "This solution will play a critical role in the long-term Internet banking strategies of our most innovative NT-based customers."

S1 Retail Banking is an easy-to-customize, scalable solution that offers financial institutions the ability to provide customers anytime, anywhere access to bank account activity through balance inquiry, account maintenance, checkbook register, statement review and transaction reporting features. Other capabilities include funds transfer, e-mail correspondence, loan calculators, personal profiles and support for Intuit's Quicken and Microsoft Money. In addition, S1 Retail Banking offers SMART Options, a customer relationship management tool for one-to-one marketing experiences. SMART Options matches customer needs to products and services, broadening relationships through targeted, user-specific cross-selling that increases customer loyalty and creates the potential for new revenue.

With support for an in-house banking database, S1 Retail Banking 5.1 allows financial institutions to store data locally. The data gathering capabilities of S1 Retail Banking provide customers with real-time access to their personal and account data.

About S1 Corporation

S1 (Nasdaq:SONE), the pioneer in Internet banking, is a leading provider of innovative Internet-based financial services solutions. S1 offers a broad range of applications that empower financial organizations to increase revenue, strengthen customer relationships and gain competitive advantage by meeting the evolving needs of their customers across various lines of business, market segments and delivery channels. Through its professional service organization, S1 Corporation's applications can be implemented in-house or outsourced to the S1 Data Center. Additional information about S1 is available at

Forward-Looking Statements

This press release includes statements and other matters which are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from expectations. The statements contained in this release that are forward-looking are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include, but are in no way limited to:

-- the possibility that the anticipated benefits from our acquisition transactions will not be fully realized;

-- the possibility that costs or difficulties related to our integration of acquisitions will be greater than expected;

-- our dependence on the timely development, introduction and customers acceptance of new Internet services;

-- rapidly changing technology and shifting demand requirements and Internet usage patterns;

-- other risks and uncertainties, including the impact of competitive services, products and prices, the unsettled conditions in the Internet and other high-technology industries and the ability to attract and retain key personnel; and

-- other risk factors as may be detailed from time to time in our public announcements and filings with the SEC, including the Company's annual report on Form 10-K for the year ended December 31, 1999.

In addition, nothing in the press release should be viewed as an update or comment on earlier forward-looking statements provided by S1 Corporation. As noted above, because actual results, performance or developments may differ materially from forward-looking statements, S1 will not update such statements over the course of future periods.
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Publication:Business Wire
Date:Aug 8, 2000
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