CU Business Capital, LLC and Postilion Enter into a Joint Sales & Marketing Agreement |
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S1 Corporation
705 Westech Drive
Norcross,, GA, 30092
USA
Press release date: June 13, 2007
CUBC and Postilion to offer complete business services package to credit unions
MIRAMAR, Fla. and ATLANTA, June 13 -- CU Business Capital, LLC and Postilion, a leading global provider of software solutions for self-service banking and payment processing and a division of S1 Corporation (NASDAQ:SONE), have launched a joint sales and marketing effort to provide Postilion's Member Business Services solution in conjunction with CUBC's complete business services approach.
CUBC provides a comprehensive business services program to help credit unions grow business deposit accounts with solutions like remote deposit capture and loan services. With this new relationship, CUBC will jointly market Postilion's Member Business Services solution to its credit union prospects and partners. Postilion will recommend CUBC to credit unions that are looking for a CUSO to support a complete business services program.
"CUBC is extremely pleased to announce this new relationship with Postilion that will help our credit union partners compete in their market place for business deposits and fee income with an intuitive and easy-to-use Member Business Services solution for their business members," said Murray Halperin, Senior Vice President of Marketing & Business Development, for CUBC.
Postilion provides credit unions a comprehensive Member Business Services solution through the Internet that includes features and functionality that businesses can utilize to manage all aspects of their cash flow online, including bill payment, ACH origination and receipts, payroll services, wire transfers and funds transfers.
"We continue to focus on building momentum in the credit union market," said Pierre Naude, General Manager, Postilion Americas. "We are excited about the opportunity to work with CUBC to deliver their credit union partners a robust Member Business Services solution for online banking to further round out CUBC's business services program."
About CU Business Capital, LLC CUBC is a national CUSO focused on helping credit unions offer a full suite of business services including, business lending, business deposits, cash management, remote capture, merchant services, business debit and credit cards, training and consulting. These services are supported with "best-in- class" technology, operational procedures, training, and policies. Its staff is comprised of experienced business lending and cash management professionals, who work with leading industry vendors as strategic partners. CUBC's approach incorporates existing core systems in making decisions to offer business services. More information is available at cubusinesscapital.com
About 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 customers in more than 50 countries. The Postilion product drives self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones. This multi-channel architecture - built on open systems - provides consolidated management information, card management, 3DES and EMV enablement, and loyalty software solutions. At the forefront of compliance with new regulations and security enhancements, such as application validation for Visa's Cardholder Information Security Program Payment Application Best Practices (CISP PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry (PCI DSS). More information is available at www.postilion.com.
About S1 Corporation S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors. S1 employs 1,400 people in operations throughout North America, Europe and Middle East, Africa, and Asia-Pacific regions. Worldwide, more than 3,000 customers use S1 software solutions, which are comprised of applications that address virtually every market segment and delivery channel. S1 partners with best-in-class organizations to provide flexible and extensible software solutions for its customers. Additional information about S1 solutions is available at www.postilion.com, www.S1enterprise.com, and www.fsb-solutions.com.
Source: S1 Corporation
Credit Unions may contact: Murray Halperin, CU Business Capital - 954.704.5411 E-mail: murray.halperin@cubusinesscapital.com Brian Miller, Postilion E-mail: brian.miller@postilion.com
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