Postilion, a leading provider of integrated solutions for payments and self-service banking and a division of S1 Corporation, today announced that InterSwitch, a Postilion reseller, and five Nigerian banks, received awards recognising outstanding achievements. The awards were presented by Deon van Biljon, senior VP and GM of Postilion Africa, during last night's Techno-Interactive Conference gala dinner held at the Metropolitan in Calabar, Nigeria.
InterSwitch, a Postilion reseller in West Africa since 2002, received an award for outstanding achievement. The basis for this award is their visionary approach in introducing the latest EFT technology available globally, and their professionalism in doing so.
Twenty-two banks in Nigeria now process electronic transactions on a Postilion platform. These banks are linked to the central Postilion switch operated by InterSwitch, where inter-bank transaction switching takes place.
During the gala dinner a further five awards were made to some of Nigeria's leading banks.
* Award for Adoption. This award goes to the bank that has shown the greatest adoption of electronic funds transfer products. Criteria used are the number of Postilion modules licensed, implemented and generating live transactions. The winner in this category was United Bank for Africa.
* Award for Growth. This award goes to the bank that has seen the highest percentage growth in transaction volumes over the past year. The winner in this category was Intercontinental Bank.
* Award for Achievement. This award goes to the bank that has shown the greatest improvement in ranking based on transaction volumes in the past year. The winner in this category was Bank PHB - Platinum Habib Bank.
* Award for Operations. This award goes to the bank that has consistently demonstrated professional operations management. The winner in this category was Guaranty Trust Bank.
* Award for Innovation. This award goes to the bank whose innovation achieved outstanding results. The winner in this category was First Bank of Nigeria. They were the first bank to license Postilion and perform "on-us" and inter-bank transactions in the Nigerian market.
"Through these awards, Postilion wanted to recognise the tremendous achievements in building state-of-the-art infrastructure in the Nigerian payments market," said Van Biljon. "InterSwitch's achievements have been considerable and their Techno-Interactive Conference, which focused on chip and PIN and loyalty cards, is a further example of their constant drive for improvement and innovation. Nigeria is an example for other African countries to follow and Postilion is proud that its solutions have been widely adopted as the platform of choice for so many Nigerian banks."
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Postilion, a division of S1 Corporation, 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 500 000 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.
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.
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