ATLANTA--(BUSINESS WIRE)--Sept. 7, 2000--S1 Corporation, the
leading provider of eFinance solutions and services, today announced
the availability of eFinance Essentials(TM), a competitive set of
applications and services that will enable U.S.-based financial
service providers to quickly and cost-effectively implement the core
components of an eFinance solution. The program bundles existing S1
banking, relationship management and aggregation applications, as well
as professional services. eFinance Essentials(TM) is ideal for
mid-sized organizations that are looking for a pre-defined solution
that will enable them to compete more effectively in the rapidly
evolving world of eFinance.
"In working with more than 900 financial institutions from across
the world, we have the unique opportunity to package best practices
and core needs into one solution that is robust and affordable," said
Charles W. Ogilvie, general manager of S1 Corporation. "This
initiative will enable financial service providers to meet the growing
expectations of their customers by catapulting their Internet banking
solutions into the new world of eFinance at an accelerated rate."
eFinance Essentials(TM) is available on both Windows NT and UNIX
platforms, and provides turnkey, online solutions incorporating
banking, credit cards, loans, bill payment, account aggregation and
personalized one-to-one marketing applications. By integrating
customer relationship management, with the core banking functionality
and aggregation services, institutions can not only know more about
their customers, but can deliver more relevant and personalized
services. Additionally, S1's applications are built on top of an open,
flexible architecture that can not only accommodate future growth, but
also enable financial service providers to bring new products,
services and channels to market. eFinance Essentials(TM) offers flat
rate, fixed scope pricing for implementation, a fixed cost for the
upfront license fee,and a per-customer, per-month fee for licensing,
hosting and wireless access.
eFinance Essentials(TM) requires monthly minimums, as well as
extended contracts, and is available through December 31, 2000 to
U.S.-based financial service providers. It has a defined scope of
activity, and all customization and specifications outside of this
definition require additional fees.
About S1 Corporation
S1 (Nasdaq:SONE.O), the pioneer of Internet banking, is one of
today's leading global providers 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
services organization, S1's applications can be implemented in-house
or outsourced to the S1 Data Center. Additional information about S1
is available at 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 uncertainties that 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--gk/bos*
CONTACT: Sterling Hager, Inc. for S1 Corporation
Tracey Frederickson
617-926-6665 ext. 327
tfrederickson@sterlinghager.com
or
Investor Relations for S1 Corporation
Marcy Theobald
404-812-6254
marcy.theobald@s1.com
KEYWORD: GEORGIA
INDUSTRY KEYWORD: BANKING INTERNET
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