Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation (NASDAQ: SONE), today announced the showcasing of its mobile banking and payments solution at this week's SIBOS, on the Microsoft stand, C404.
With Postilion's mobile offering, a bank's customers can enjoy a full range of self-service banking and payments services, including: balance inquiry, mini-statements, account administration, inter-account transfers, remittances, bill and utility payments, airtime purchases, card and PIN services - all via an easy-to-use mobile phone interface.
Postilion is handset and technology agnostic, supporting SMS, mobile browser, and SIM-based applications, thus affording a wide range of options with minimal compatibility issues. The Postilion mobile offering, which uses Microsoft Windows Server and SQL technology, builds on the company's experience as a global leader in the fields of ATM driving, payments processing, and transaction switching.
"Consumers expect secure and usable functionality from their mobile devices, just as they do from their desktops, with the provision of payments capabilities being no exception. As an organisation with a focus on customer experience, Microsoft sees the mobile phone as a significant channel for banking and payments transactions," comments Sheida Hadji-Ashrafi, Worldwide Industry Manager for payments at Microsoft. "Due to Postilion's proven global payments capabilities, underpinned by a reliable and scalable payments platform, the company is one of Microsoft's key strategic partners in its ecosystem of payments technology providers."
"In emerging markets, where banking infrastructure is often limited, but where mobile infrastructure may be quite extensive, the mobile phone provides an ideal platform to extend the availability of banking services," says Mark McMurtrie, Marketing Director at Postilion International. "Mobile acts as a highly effective tool for both customer acquisition and retention and brings banking to the unbanked by utilising the capabilities of the mobile phone."
McMurtrie continues: "In established markets with more mature banking infrastructure, Postilion's mobile offering enables banks to lower the cost of delivering banking services, introduce new services, and create competitive differentiation. In both emerging and established markets, Postilion, through its mobile offering, can help banks drive transaction volumes and revenue."
With Postilion's mobile offering, mobile transactions are consolidated into one payment hub, allowing for the implementation of a single host integration point and a unified view of the customer. Transactions can be acquired from any available channel, allowing for seamless integration. Mobile is not treated as a separate island of technology, but is seen as a key element of a modern payments architecture. The Postilion mobile offering uses a combination of user selection, application-level and channel-level security, and adheres to industry-standard security guidelines.
"With so many devices now running mobile versions of Microsoft Windows and Explorer, the user experience can quickly be translated from the desktop to the mobile device. By integrating the mobile payments channel with the Microsoft framework, a fully integrated user experience can be delivered to mobile users and payments processors," added Sheida Hadji-Ashrafi.
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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 (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.
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 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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