updated 5/5/2011 12:47:17 PM ET 2011-05-05T16:47:17

NORCROSS, Ga., May 5, 2011 (GLOBE NEWSWIRE) -- S1 Corporation (Nasdaq:SONE), a leading global provider of payments and financial services software solutions, today announced that CEFCU, a top 20 U.S. credit union, has licensed online and mobile banking, new account opening, and out-of-band authentication solutions from S1. CEFCU's members will be able to interact with a richer online banking experience that allows them to manage their account balances, open new accounts online, utilize enhanced fraud control features, and initiate fast and secure payments from their accounts to PayPal™ users using their mobile phones.

"Over 100,000 members rely on CEFCU's online banking services", says Todd Haller, CEFCU Vice President. "This makes it imperative for CEFCU to deliver real value to our members so they can manage their money wisely and effectively. We chose S1 because they offer consumer and business solutions with enhanced functionality that is frequently requested by CEFCU members."

"Online users require more sophisticated services and security.  CEFCU has chosen to deploy state-of-the-art services from the S1 Online Banking suite of products that can advance members' online experience," said Jan Kruger, Divisional President, S1. "We look forward to working closely with CEFCU to implement solutions that can truly benefit their membership base."

About CEFCU

With assets totaling over $4.5 billion, CEFCU serves 281,000 members through 19 Central Illinois Member Centers; Valley Credit Union, a division of CEFCU; the CEFCU Financial Center; the Money Center 24 ATM Network; CEFCU's website, www.cefcu.com ; and cefcu.mobi.

About S1

About S1 Corporation

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. Forward-looking statements may include projections of our revenue, expenses, Adjusted EBITDA, revenue backlog, capital expenditures, earnings per share, product development projects, future economic performance or management objectives. 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 www.s1.com  or the SEC's web site at www.sec.gov ) 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 for any reason, even if new information becomes available.

S1 Online Banking and the S1 logo are trademarks of S1 Corporation.  All other registered or unregistered trademarks and service marks are the property of their respective owners.

CONTACT: Missy Rose
         S1 Corporation
         +1 704 423-2504
         missy.rose@s1.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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