S1 Mobile Adoption on the Rise

/ Source: GlobeNewswire

NORCROSS, Ga. and LAS VEGAS, Oct. 18, 2010 (GLOBE NEWSWIRE) -- BAI 2010 Retail Delivery, Booth #1053 -- S1 Corporation (Nasdaq:SONE), a leading global provider of payments and financial services software solutions, today announced that more than 35 customers across three continents have licensed the S1 Mobile application. In addition, S1 mobile-enabled customer applications are available on the App StoreSM for the following financial institutions: Trustmark, Mercantile Bank of Michigan, First Community Bank, and Ventura County Credit Union.

According to Jupiter Research, "the number of mobile subscribers who use their phones for mobile banking will exceed 400 million globally by 2013, which is double the number of users this year." As mobile banking popularity and usage continues to increase, the need for financial institutions to offer compelling and convenient mobile banking and payments applications is vital to support a customer base that is managing more of their daily lives with mobile smart devices. In order to meet that demand, S1 continues to focus on delivering rich new features and applications. S1's banking customers can enhance their mobile banking and payments offerings with an iPad® and Blackberry® application and a personal payments feature through a relationship with PayPal ™.

"The S1 Mobile application has enabled us to truly deliver our customers anytime, anywhere access to their financial information," said Joe Gibbs, Senior Vice President, e-Business Services, Trustmark. "Within the first month of launching our Mobile solution at the beginning of June, which also included an iPhone® app, we had over 3,200 downloads of our application from the App Store. We are also using S1's launcher app for BlackBerry and are in the process of testing an iPad app from S1. Our customers have given us very positive feedback, and we are tremendously excited about the potential mobile presents to both Trustmark and our customers." Trustmark National Bank is a subsidiary of Trustmark Corporation, a $9.8 billion asset, diversified financial services company, with locations in Florida, Mississippi, Tennessee and Texas.

"We have been extremely pleased with S1's Mobile applications because our customers expect to have access to their financial lives in the same manner they manage other aspects of their lives through mobile devices," said John Hanley, Advertising and PR Officer, Sunflower Bank.  "We did very little marketing, in fact just a single promotion. Within our first day live, we had 300 customers enroll, and by the end of the first week in production, there were 1,000 customers live without any support calls for help with the service."   Sunflower Bank is a $1.8-billion community bank headquartered in Salina, Kansas with 33 branch locations throughout Kansas and Colorado.

Mobile banking adoption continues to grow globally and S1 customers are increasingly meeting the demand for on-the-go banking solutions. The S1 Mobile platform offers flexible options, including mobile Internet browser (WAP/xHTML) access, SMS (with an option for IVR PIN) and downloadable applications, which support all key mobile channels, enabling deeper, more profitable customer relationships. 

"Mobile banking has quickly become an essential component of a successful multi-channel banking environment," said Johann Dreyer, CEO, S1 Corporation. "We are seeing increased interest for mobile solutions across the global markets we serve. As demand for more convenient banking and payments services continue to grow, financial institutions that deploy S1 Mobile are positioned to deliver real-time mobile payment solutions that ensure they remain an integral part of the payment process and create more revenue generating opportunities."

Visit S1 at BAI Retail Delivery

S1 is a MobileLink sponsor for BAI Retail Delivery 2010 and will be participating in a panel discussion with Google, Verizon and AT&T on Wednesday, October 20, 11:45 am PT on the BAI MobileLink stage. S1 will also showcase a demonstration of the mobile solutions, including its new iPad solution, on Thursday, October 21, 11:15 am on the BAI MobileLink stage. Visit S1 at booth 1053 to learn more about S1 Mobile.

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 and branch banking 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 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.

S1 Mobile 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: S1 Corporation David Fontaine Office 404-923-6865 Mobile 678-596-4048 david.fontaine@s1.com