Accounting and Financial Software
Software provides global payment and cash management.
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Press Release Summary:
Deployed as part of S1 Corporate Banking solution or as service within bank's existing solutions, ACH Module allows bank's online customers to initiate and manage their ACH payment process. Support for EPN STP 820 payment type allows corporate customers to transmit detailed remittance information while recipients can record transactions into internal accounting systems. User-defined filters, running debit/credit pop-up boxes, and in-progress saves ease workflow for online customers.
Original Press Release:
S1 Enterprise Unveils New ACH Module
S1 Corporate Banking utilizes relationships with top banks to drive significant usability and functional enhancements to yield a leading-edge ACH application
ATLANTA, April 16 /-- S1 Enterprise, a division of S1 Corporation and a leading provider of multi-channel financial service software, today announced the newest release of S1 Corporate Banking, a global payment and cash management solution. S1 Corporate Banking's new ACH module allows a bank's online customers to easily initiate and manage their ACH payments process. S1 Enterprise collaborated with leading U.S. banks, who originate more than 1.2 billion ACH payments per year, to provide a solution that meets the needs of their high-volume users. S1 Enterprise's new ACH module can be deployed as part of the S1 Corporate Banking solution or as a service within the bank's existing solutions.
This best-of-breed solution introduces new payment types including EPN STP 820 to facilitate straight-through-processing for business-to-business electronic payments by allowing corporate customers to transmit detailed remittance information and recipients to automatically record the transactions into their internal accounting systems. A new user interface design, user- defined filters, running debit/credit pop-up boxes, tooltips, and in-progress saves are a few of the enhanced usability features available to make online customers' workflow easier.
"When we provide our corporate customers with a best of breed payments solution, we provide their business with a competitive advantage," indicated Daniel McCarty, Senior Vice President, Comerica Bank. "Working collaboratively with S1 Enterprise, we are confident that corporate customers across all sales sizes will benefit from an enriched ACH payments management process."
S1 Corporate Banking also includes these new features:
-- New payment types including CTX, WEB, TEL, and Child Support
-- Extended ACH import, export, and upload capabilities, entitlements, search/filtering, and payment reporting capabilities
--Enriched features including ACH reversals, confidential payments and templates, balanced and unbalanced ACH batches, and same-day settlement
-- Positive payment enhancements in the Check Services module include image enablement, reverse positive pay, multiple cut-off time support, and payee name match
"We understand that ACH payments are critical to a bank's business customers," said Neil Underwood, General Manager of S1 Enterprise Americas. "Our new ACH module will further our momentum in partnering with banks looking for leading-edge payment capabilities."
For nearly two decades, S1 Enterprise has provided cash management solutions to the world's largest banks. S1 Corporate Banking's comprehensive product features allow banks to provide customers with a robust application with an intuitive user interface that exceeds their expectations. S1 Corporate Banking, built in a multilingual and multi-currency framework, delivers diverse payment methods, multi-factor authentication (MFA) capabilities, electronic file delivery, check services, and complete information reporting to track daily cash position. Throughout the application, S1 Corporate Banking surrounds users in an environment geared towards managing funds and information securely, effectively, and efficiently.
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 customer via a common technology platform regardless of delivery channel -- branch, call center, Internet, or voice. Additional information about S1 Enterprise is available at http://www.s1enterprise.com/.
About S1 Corporation
S1 Corporation (NASDAQ:SONE) delivers customer interaction software for financial and payment services. Worldwide, more than 3,000 customers use S1 software solutions, which are comprised of applications that address virtually every market segment and every delivery channel. Community banks, regional banks, national banks, credit unions, retailers, telcos, and processors all rely on the banking and payments software delivered under three brand names: S1 Enterprise, Postilion and FSB Solutions. Additional information about S1 is available at http://www.s1.com/.
CONTACT: Nicole Crowe of S1 Enterprise, +1-404-923-6080, nicole.crowe@s1.com
Web site: http://www.s1.com/
http://www.s1enterprise.com/
