More news and still not up? Either this is a coiled spring or hanging on for life. I haven't decided yet, but the chart looks like we should be much higher...
askresearch.com
S1 Corp Unveils S1 Corporate Suite 5.2
11 Sep 10:38
(BW)(GA-S1-CORPORATION)(SONE) S1 Corporation Announces New Version of
Internet-Based Corporate Banking Solution
Business/Technology Editors
ATLANTA--(BUSINESS WIRE)--Sept. 11, 2000--
S1 Corporate Suite 5.2 One of the Industry's Most Brandable,
Feature-Rich and Scalable Applications
S1 Corporation (Nasdaq:SONE), a leading provider of eFinance solutions and
services, today announced the release of version 5.2 of the S1 Corporate Suite.
This new version offers financial institutions a customizable and efficient
platform from which a wealth of transactions can be conducted and information
can be shared. With upgrades in site navigation, obtaining and transferring
critical information, and scalability and performance, version 5.2 further
demonstrates S1's commitment to provide its customers with the most
comprehensive financial services solutions available, enabling financial
institutions to strengthen customer relationships, generate revenue and gain
competitive advantage.
"S1's comprehensive corporate banking solution just got better," said Mark
Quinlan, senior vice president of Firstar, Corporation. "Enhanced features and
greater scalability will enable us to offer our more than 3,400 corporate
clients the best financial services solutions available. We are particularly
excited that the Corporate Suite's new capabilities will enable us to deliver a
customized, branded user interface. Additionally, I am confident our corporate
clients will find the improved performance available in version 5.2 extremely
helpful."
Key Enhancements to Corporate Suite 5.2
Version 5.2 of the S1 Corporate Suite offers enhancements in the following
areas:
- New user interface: Version 5.2 offers a frames-based, three-screen format,
providing information, links and messaging from a single desktop page. As a
result, each accessed site provides users with their desired financial
information as well as links to alternative financial sites, while financial
institutions can craft tailor-made messages for each individual client.
Subsequently, a much more navigable, user-friendly site is experienced by the
customer, while pertinent, targeted messages are effectively delivered by the
financial institution.
- Automated customer notification: S1 has expanded its notification
capabilities, enabling individuals to personally customize any series of
conditions upon which they would like instant notification of their financial
status via fax and e-mail. For example, a CFO can now receive automatic
notification when a specified account balance reaches a certain level, or when
wire transfers are delivered. Based on the conditions each customer sets,
information and reports can then be routed to the appropriate individuals
within a corporation. As a result, customers no longer need to contact their
financial institutions to confirm the status of an account, further
streamlining the information sharing process.
- Upload/download features: Rather than transferring information through
mainframe systems, a process which can take several weeks, financial
institutions and customers can now transfer information via the Internet.
Corporations can upload information to their banks and banks can download
information to their corporate clients in a much more expeditious manner. As a
result, digitally signed documents can be accepted and delivered in the
quickest, most secure manner possible.
- Scalability and performance: S1 can satisfy the needs of today's largest
financial institutions and their extensive customer bases. Version 5.2 supports
100,000 registered users, capable of handling 15,000 users per hour. This is a
significant achievement and positions the S1 Corporate Banking Suite as the
leading corporate Internet banking product in terms of performance and
scalability. Consequently, as the number of corporate users grows, version 5.2
can be scaled linearly tomeet the needs of the largest financial institutions.
In addition, S1's Corporate Suite 5.2 continues to hold the S.W.I.F.T. Ready
Gold label, supporting 940, 941 and MT 101 message sets. This latest version is
also adaptable to a multitude of vehicles individuals use to access financial
information, such as handheld devices, cellular phones and personal digital
assistants.
"As more and more corporations enter the realm of online banking, increasing
demands are being placed on financial institutions to deliver personalized
solutions that meet customers' unique needs," said Ross McKay, vice president
of S1 Corporation, Corporate Banking. "With version 5.2, S1 is able to provide
financial institutions with a solution that can be tailored to meet the
specific demands of individual companies, further executing upon our strategy
of enabling financial institutions to build lasting customer relationships,
generate revenue, and gain competitive advantage."
About S1 Corporation
S1 (Nasdaq:SONE), the pioneer in Internet banking, is a leading provider of
innovative Internet-based financial services solutions. S1 offers a broad range
of applications that empower financial organizations to increase revenue,
strengthen customer relationships and gain competitive advantage by meeting the
evolving needs of their customers across various lines of business, market
segments and delivery channels. Through its professional service organization,
S1 Corporation's applications can be implemented in-house or outsourced to the
S1 Data Center. Additional information about S1 is available at www.S1.com.
Forward-Looking Statements
This press release includes statements and other matters which are
forward-looking and subject to a number of risks and uncertainties that could
cause actual results to differ materially from expectations. The statements
contained in this release that are forward-looking are based on current
expectations and are subject to risks and uncertaintiesthat could cause actual
results to differ materially from the results contemplated by the
forward-looking statements. These risks and uncertainties include, but are in
no way limited to:
-- the possibility that the anticipated benefits from our acquisition
transactions will not be fully realized;
-- the possibility that costs or difficulties related to our integration of
acquisitions will be greater than expected;
-- our dependence on the timely development, introduction and customers
acceptance of new Internet services;
-- rapidly changing technology and shifting demand requirements and Internet
usage patterns;
-- other risks and uncertainties, including the impact of competitive
services, products and prices, the unsettled conditions in the Internet and
other high-technology industries and the ability to attract and retain key
personnel; and
-- other risk factors as may be detailed from time to time in our public
announcements and filings with the SEC, including the Company's annual report
on Form 10-K for the year ended December 31, 1999.
In addition, nothing in the press release should be viewed as an update or
comment on earlier forward-looking statements provided by S1 Corporation. As
noted above, because actual results, performance or developments may differ
materially from forward-looking statements, S1 will not update such statements
over the course of future periods.
--30--jr/bos*
CONTACT: Tracey Frederickson
Sterling Hager, Inc. for S1 Corporation
617-926-6665 ext. 327
tfrederickson@sterlinghager.com
or
Marcy Theobald
Investor Relations for S1 Corporation
404-812-6254
marcy.theobald@s1.com
KEYWORD: GEORGIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE HARDWARE INTERNET SOFTWARE
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(END) DOW JONES NEWS 09-11-00
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