S1 Corporate Banking Captures Three out of Five Best-in-Class Awards from Aite Group
Awards Recognize Corporate Cash Management Solution Providers
“S1 Corporate Banking has ricocheted ahead of any other solution in the marketplace in terms of usability,”
“Our customer’s input plays an essential role in our success. The S1 development team has worked hand-in-hand with top banks worldwide to build a best-of-breed product,” said
S1 Corporate Banking is a third generation J2EE solution employing the latest technologies to fully engage users in their online banking experience. The latest release of S1 Corporate Banking included an Interactive Information Reporting module that allows users to customize the appearance of their prior day and current day report information, execute advanced data aggregation and complex calculations, and perform advanced sorting and filtering of account information.
Other recent additions to S1 Corporate Banking include a Business Dashboard and a Global Payments Framework. The Business Dashboard provides “drag and drop” widgets to the most relevant data and functions for quick access to account balance metrics, reporting and transaction capabilities, items needing immediate attention, and shortcuts to transaction initiation functions. The Global Payments Framework allows S1 Enterprise and its customers to easily add new country specific payment methods. Based on SOA principles, the Global Payments Framework supports open standards based web services, enabling maximum flexibility and ensuring technology alignment with current and emerging standards.
S1 has twenty years experience providing cash management and trade finance solutions to the world’s largest banks. S1 Corporate Banking provides an integrated Global Payments Framework supporting diverse domestic and international payments, including wire transfers, account transfers, ACH and localized payments for over twenty countries. In addition to comprehensive payment services, S1 Corporate Banking offers a rich, highly flexible user-interface, extensive security and entitlement features like multi-factor authentication, bulk file transfers, check services, and complete information reporting.
S1 Trade Finance allows banks to provide their import/export customers robust online capabilities including Letters of Credit, Open Account, Standby Letters of Credit, Guarantees, Purchase Order Processing, Discrepancy Notifications, Documentary Collections, Transfer Letters of Credit, Assignments of Proceeds and document imaging.
About S1 Enterprise
More than 100 banks and three million consumer, small business, and corporate users worldwide rely on S1 Enterprise solutions to access and manage their financial information. A division of S1 Corporation (Nasdaq: SONE), S1 Enterprise is a leading global provider of integrated banking solutions that deliver financial service providers a holistic view of their customers whether online, in the branch or in the call center. Additional information about S1 Enterprise is available at www.s1enterprise.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.
About Aite Group
Aite Group is a leading independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry. It was founded by leading industry experts in Banking and Securities & Investments. Aite Group brings together a team of business strategy, technology and regulatory experts to deliver comprehensive, timely, and actionable advice to financial institutions and technology vendors. It seeks to become a true partner, advisor, and catalyst by exchanging ideas and challenging basic assumptions to ensure that our clients always stay one step ahead of the competition.
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 S1 Corporation