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Lafayette Federal Credit Union Leverages CU Business Capital's Association with Postilion to Roll-Out Online Member Business Services Solutions

Posted on: Wednesday, 4 February 2009, 07:30 CST

Credit union seizes market opportunity to deliver complete business services solutions to business members

MIRAMAR, Fla., ATLANTA and KENSINGTON, Md., Feb. 4 /PRNewswire-FirstCall/ -- CU Business Capital, LLC and Postilion, a leading global provider of integrated solutions for self-service banking and payment processing and a division of S1 Corporation (Nasdaq: SONE), today announced the signing of Lafayette Federal Credit Union based in Kensington, MD. Lafayette Federal Credit Union is leveraging the business relationship established last year between CU Business Capital and Postilion to deploy online member business services.

Aite Group, an independent research and advisory firm, "estimates that credit unions currently hold only a nine percent share of total small business customers, but there are opportunities for market shifts, especially in the current environment." Credit unions that provide a full suite of member business services are well positioned to expand their online financial services and build member loyalty, ultimately improving overall profitability. The solutions provided by Postilion and CU Business Capital, such as Postilion's Business Internet Banking and CUBC's remote deposit capture, help credit unions seize this opportunity and expand membership and asset growth. Postilion Business Internet Banking provides credit unions with a comprehensive member business services solution that empowers member businesses to manage their cash flow online. Members can manage bill payments, ACH origination and receipts, payroll services, wire transfers, and funds transfers, all via the Internet.

"As a credit union that caters to businesses, we need to deliver robust services that enable our members to oversee all aspects of their business," said B. John Farmakides, President and CEO, Lafayette Federal Credit Union. "Postilion Business Internet Banking allows us to deliver an application that ensures our business members have an exceptional online experience. Furthermore, we are able to leverage our relationship with CU Business Capital to deliver a complete suite of business services to our members."

"We are pleased that Lafayette Federal Credit Union has chosen Postilion to deliver business Internet banking," said Pierre Naude, President, Postilion Banking. "Offering a complete member business services package is an important differentiator for credit unions, and enables them to develop new revenue streams. Through our partnership with CU Business Capital, credit unions can quickly bring to market an innovative online banking solution that empowers business members to gain greater control over their finances."

About CU Business Capital, LLC

CUBC is a national CUSO focused on helping credit unions offer a full suite of business services including business lending, business deposits, cash management, remote capture, merchant services, business debit and credit cards, training, and consulting. These services are supported with "best-in- class" technology, operational procedures, training, and policies. Its staff is comprised of experienced business lending and cash management professionals, who work with leading industry vendors as strategic partners. CUBC's approach incorporates existing core systems in making decisions to offer business services. More information is available at www.cubusinesscapital.com.

About LFCU

Lafayette Federal Credit Union is one of the premiere financial institutions in the Washington, D.C. area. Since our founding in 1935, we have sought to provide our members with a safe and convenient place to save, and to offer loans at rates and terms more favorable than those of other financial institutions. We also work hard to provide top-notch customer service.

Throughout the years, the types of financial services that we offer have changed to keep pace with the changing financial needs of our growing and diverse membership. If you're interested in a financial service that we don't currently offer, please let us know. Listening to member needs, and responding accordingly, has made us the trusted financial institution that we are today. See our website at www.lfcu.org.

About Postilion

Postilion, a division of S1 Corporation (NASDAQ: SONE), is a leading provider of integrated solutions for self-service banking and payment processing. Our offices, on five continents, serve over 1,500 customers in more than 50 countries. Postilion solutions drive self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones.

More than 100,000 ATMs and 380,000 POS terminals worldwide run on Postilion solutions. In the United States, over 1,250 credit unions and community financial institutions use Postilion solutions. Built on open systems, Postilion solutions provide consolidated management information, card management, 3DES and EMV enablement, and loyalty management. At the forefront of compliance with new regulations and security enhancements, such as the Payment Card Industry Data Security Standard (PCI DSS) and Visa's Payment Application Best Practices (PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry. More information is available at www.postilion.com.

About S1 Corporation

S1 Corporation (Nasdaq: SONE) delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at www.s1.com, www.postilion.com, www.S1enterprise.com, and www.fsb-solutions.com.

Forward-Looking Statements

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.

SOURCE Postilion

Source: PR Newswire

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