Accounting and Financial Software
Software delivers secure, mobile banking solution.
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Press Release Summary:
Available on hosted and on-premise basis, S1 Mobile Banking enables customers to check account balances, transfer funds between accounts, and view recent transactions. Accounts available in this application are visible on mobile device, secured by self-selected mobile ID and PIN. Business rules for transaction limits and access permissions - as configured for online banking - will automatically be applied at individual user level for mobile access.
Original Press Release:
S1 Enterprise Announces Mobile Banking Solution
S1 Mobile Banking Enables Seamless Integration with Online Banking for Optimal Client Experience
ATLANTA, Oct. 2 -- S1 Enterprise, a division of S1 Corporation (NASDAQ:SONE) and a leading provider of multichannel financial services software, today announced the availability of its mobile banking solution, S1 Mobile Banking. Through S1 Mobile Banking, customers will be able to check account balances, transfer funds between accounts and view recent transactions. Accounts available in the S1 Personal Banking application will be visible on a mobile device, secured by a self-selected mobile ID and PIN. Financial institution customers will be able to self- enroll in real-time after signing on to their online accounts through the S1 Personal Banking solution.
S1 Mobile Banking is integrated into the S1 Application Manager, which gives financial institutions the opportunity to selectively provide mobile account access by class of service, extending their customer segmentation strategies even further. Business rules for transaction limits and access permissions as configured for online banking will automatically be applied at the individual user level for mobile access. In addition, account nicknames set up in S1 Personal Banking will be used when displaying accounts on the phone, providing consumers a consistent view of their accounts across both the online and mobile channels. S1 Mobile Banking will be available on both a hosted and on-premise basis.
"We believe that it is essential to deliver a mobile banking solution to our financial institution customers that is fully integrated into our core platform and applications," said Jan Kruger, President, S1 Enterprise. "With the continued rapid growth of mobile phone usage, the time is right for financial institutions around the world to offer secure mobile banking access to their customers."
S1 Mobile Banking is based on technology developed by Fundamo, an international provider of mobile banking and payment solutions. S1 Enterprise has acquired a source code license to Fundamo's mobile banking software, a proven technology that has been enabling mobile banking transactions since 2002. In connection with the source code license, a team of employees from Fundamo will join S1 to continue to develop and enhance the S1 Mobile Banking solution.
About S1 Enterprise
More than 100 banks and three million consumer, small business, and corporate users worldwide rely on S1 Enterprise solutions to access and manage their financial information. A division of S1 Corporation (NASDAQ:SONE), S1 Enterprise is a leading provider of integrated banking solutions that deliver financial service providers a holistic view of their customers whether online, in the branch, or in the call center. Additional information about S1 Enterprise is available at www.S1Enterprise.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 over 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 comprise 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.s1.com, www.postilion.com, www.S1Enterprise.com, and www.fsb-solutions.com.
CONTACT: Liz Laneri of Horn Group for S1 Enterprise, +1-781-356-7100, llaneri@horngroup.com; or Jenni Palocsik, Senior Product Marketing Manager of S1 Enterprise, +1-404-923-6113, jenni.palocsik@s1.com
