Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation, today announced the signing of four new Latin American customers: Banco Micasa, Banco Corp Banca, and Banco Banorte, all based in Venezuela, and Banco Mercantil Santa Cruz, headquartered in Bolivia.
Postilion's Latin American presence has now grown to 32 customers across 11 countries. The rich functionality of the Postilion platform allows financial institutions not only to manage their ATM estates and merchant acquiring programs efficiently, but also provide their customers with a superior level of service. To secure these deals, Postilion has worked closely with its Latin American reseller, Advance Service International (ADSI).
“Postilion now has a significant presence and market share in the Venezuelan payments market, and is gaining traction across the Latin American region. Our long-term partnership with Postilion allows us to offer financial institutions a flexible suite of payments products suitable for ATM owners and deployers, merchant acquirers, retailers, and card issuers,” says Juan Samaniego, CEO of ADSI.
When Corp Banca and Banco Banorte decided to migrate from their legacy payments switch, they were driven by their desire to move to an open-systems platform, the greater availability of trained resources, and a lower total cost of ownership. Banco Micasa and Banco Mercantil Santa Cruz both cited aggressive growth plans as the leading factor in their selection of Postilion.
These new Latin American customers will use Postilion's functionality in the following ways:
* Banco Micasa Venezuela
Banco Micasa will use the Postilion solution for ATM owners and deployers to drive approximately 150 ATMs. The Postilion platform will connect with the MasterCard Debit and Visa networks using off-the-shelf Postilion functionality. Micasa is a credit union, currently engaged in changing its profile to a full-service bank.
* Banco Corp Banca Venezuela
Recently acquired by Banco Occidental de Descuento Venezuela, Banco Corp Banca selected Postilion to replace its legacy payments platform and to interface with American Express International and Consorcio Credicard, a Venezuelan network.
* Banco Banorte Venezuela
Banco Banorte has chosen the Postilion solution for merchant acquirers to drive approximately 10 000 POS terminals across Venezuela.
* Banco Mercantil Santa Cruz Bolivia
This bank selected the Postilion solution for ATM owners and deployers to drive more than 150 ATMs connected to their core banking solution, FISA, and the local network, ATC. The bank is Postilion's first customer in Bolivia.
“Our presence in Latin America has grown significantly over the past several years and today's announcement of the addition of four Latin American customers is a gratifying sign of the success we are having in the market,” says Doug Parr, SVP and General Manager, Postilion Payments, Americas. “As these customers have noted, Postilion's open-systems platform and modern architecture offer financial institutions the benefits of flexibility, scalability, and reduced total cost of ownership.”
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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 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 and Visa's Payment Application Best Practices, Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry. More information is available at http://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 http://www.s1.com, http://www.postilion.com, http://www.S1enterprise.com, and http://www.fsb-solutions.com.
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbour 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 http://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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