First Customer Goes Live on New S1 Enterprise 3.5 Application

Principal Bank in Production on Latest Online Retail Banking Application

ATLANTA, Nov. 20 // -- S1 Corporation (NASDAQ:SONE), a leading provider of financial and payment solutions, announced today that Principal Bank(R), a member of the Company's Managed Introduction Program for S1 Enterprise 3.5, went live on the S1 Personal Banking application. Building on the customer service and robust features required for an online bank, Principal Bank, part of the Principal Financial Group(R), will use the new application to simplify their customers' experience while better servicing and selling to its online customers.

"As a leading direct bank, Principal Bank is continuously looking for ways to improve our customers' banking experience," said Dean Brown, vice president and CIO of Principal Bank. "We are committed to providing our customers with the latest online banking features. Our experience with the Managed Introduction Program gives us confidence as we use the S1 Enterprise Platform to roll out advanced capabilities in personal banking and early next year, business banking services."

"The Managed Introduction Program is clearly on track to deliver against the stated goals, which centered on preparing our Enterprise organization to sell, implement and support the industry's first integrated multi-channel solution," said Neil Underwood, general manager for S1's Enterprise Business Unit. "Principal Bank's go-live achievement marks the first of several institutions ready to launch S1 Enterprise solutions in the coming weeks."

The latest enhancements in the online banking products in the S1 Enterprise family include providing S1 users with enhanced international and affiliate banking capabilities as well as personal financial management and customer segmentation functionality. By leveraging a common platform for multiple applications with S1 Enterprise, banks can further reduce maintenance and support costs while accelerating the delivery of new products to their market segment. The latest enhancements include tools for extending and managing common business processes for reuse across multiple channels, a comprehensive software development kit for extending applications for specific bank workflows and processes, and an operational data store that enables viewing and tracking of all customer interactions.

S1 applications currently available on S1 Enterprise 3.5 include S1 Personal Banking, S1 Business Banking, S1 Enterprise Teller, S1 Enterprise Sales and Service Platform, and S1 Enterprise Call Center. The applications are available independently or collectively as an integrated solution that gives banks one view of their customers across channels. S1 Corporate Banking and S1 Trade Finance will be available on S1 Enterprise 3.5 in 2007. The S1 Enterprise Platform, an open, scalable J2EE-based architecture, can be leveraged to develop and rapidly deploy multi-channel solutions across the entire front office of financial services providers.

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 1,500 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 is available at

About Principal Bank

Principal Bank, a member of the Principal Financial Group(R), is an FDIC- insured federal savings bank, offering customers traditional and innovative banking products and services through the Internet, telephone personal bankers (available 24 hours a day, 365 days a year), U.S. mail and a nationwide network of ATMs.

About the Principal Financial Group

The Principal Financial Group(R) (The Principal (R))(1) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $215.0 billion in assets under management(2) and serves some 16.4 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit

(1) "The Principal Financial Group" and "The Principal" are registered
service marks of Principal Financial Services, Inc., a member of the
Principal Financial Group.
(2) As of September 30, 2006.

Source: S1 Corporation

CONTACT: Leisha Richardson of S1 Corporation, +1-512-336-3028, [email protected]

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