NORCROSS, Ga., Sept. 7, 2010 (GLOBE NEWSWIRE) -- S1 Corporation (Nasdaq:SONE), a leading global provider of payments and financial services software solutions, today announced that TCF Financial Corporation has selected the S1 Corporate Banking solution to support the complex online banking needs of its corporate customers.
TCF chose the award-winning S1 Corporate Banking solution because of its broad set of features including business dashboards and interactive information reporting capabilities. S1 will host the Corporate Banking solution for TCF in S1's state-of-the-art data center.
"The corporate segment of our customer base is absolutely critical to our institution's overall strategy. In a market where competition for this business is fierce, it's imperative that we offer superior value-added products to set us apart," said Earl Stratton, CIO of TCF. "We value the partnership approach S1 brings to the relationship with our organization."
"We obviously are excited that TCF has expanded its strategic relationship with S1," said Jan Kruger, Divisional President, S1. "TCF has grown its commercial business substantially over the past decade, and we are pleased that they have placed their trust in S1 to help support such an important part of their business."
About TCF
TCF is a Wayzata, Minnesota-based national financial holding company with $18 billion in total assets. The company has 441 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts commercial leasing and equipment finance business in all 50 states and commercial inventory finance business in the U.S. and Canada. For more information about TCF, please visit www.tcfbank.com.
About S1
Leading banks, credit unions, retailers, and processors need technology that adapts to the complex and challenging needs of their businesses. These organizations want solutions that can respond quickly to changes in the marketplace and help grow their businesses. For more than 20 years, S1 Corporation (Nasdaq:SONE) has been a leader in developing software products that offer flexibility and reliability. Over 3,000 organizations worldwide depend on S1 for payments, online banking, mobile banking, voice banking, branch banking and lending solutions that deliver a competitive advantage. More information is available at www.s1.com.
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at or the SEC's web site at ) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.
CONTACT: S1 Corporation David Fontaine +1 404 923-6865 david.fontaine@s1.com