S1 Corporation News
Yodlee(R), Inc. and Postilion Partner to Deliver Integrated Personal Financial Management & Card-Based Online Bill Payment
Yodlee PersonalFinance is an award-winning personal financial management (PFM) solution that gives consumers convenience, insight, and control over their finances, and helps financial institutions become the primary, trusted financial center for their customers, regardless of where their accounts are held. Yodlee PersonalFinance helps consumers easily manage spending, set budgets, monitor transactions, review cash flow trends and predictions, and guard against fraud. With Yodlee PersonalFinance, consumers can manage, interact with, and transact upon virtually any held or held-away account through a single, consolidated online experience at their primary financial institution.
Yodlee DirectPay is Yodlee's proprietary card-based payment network. Yodlee's over 300 DirectPay billers represent over 40 percent of major U.S. billers by volume today and give most consumers an opportunity to pay nearly half of their monthly bills with a card. For consumers, it means the flexibility for later payments, the ability to earn rewards points, and, in most cases, same-day payment credit. For financial institutions that issue credit or debit cards, DirectPay opens up significant new sources of interchange revenue driven by bill pay.
"Today's community bank and credit union consumers and small business customers demand a richer, full featured self-service banking and payments offering, including the ability for more automated, holistic financial management and more control and flexibility over payments," said
"Research shows that a majority of users want PFM and card pay capabilities as a feature of their online banking solution," said Anil Arora, President and CEO of Yodlee, Inc. "Working with leading channel partners like Postilion enables us to make this functionality available to a broader bank and consumer segment. Consumers can finally gain control over their finances, and the ability to make payments how and when they want; while financial institutions can greatly improve customer satisfaction and open up valuable new sources of revenue."
The Postilion self-service solutions, including Retail and Business Internet Banking, Voice Banking, ATM Driving, Card Management, and Mobile, are packaged and developed to run on a single platform, easily configurable and administered through a single management portal to meet the varying needs of community banks and credit unions. These solutions can be deployed in an ASP or on-premise environment.
Availability
The Yodlee PersonalFinance and Yodlee DirectPay features are scheduled to be available as fully integrated components of the Postilion solutions suite to all US Postilion customers in Q3/08.
About Postilion
Postilion, a division of S1 Corporation (Nasdaq: SONE), is a leading provider of integrated solutions for self-service banking and payment processing. Postilion offices, on five continents, serve over 1,500 customers in more than 50 countries. Postilion solutions drive self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones.
More than 100,000 ATMs and 500,000 POS terminals worldwide run on Postilion solutions. In
About S1 Corporation
S1 Corporation (Nasdaq: SONE) delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at www.s1.com, www.postilion.com, www.S1enterprise.com, and www.fsb-solutions.com.
About Yodlee
Leading financial institutions trust Yodlee to power critical online banking applications that increase profitability and drive more value from the online channel. Yodlee's proven personal financial management, payments, and customer acquisition solutions unify all personal financial account information to deliver a simple, centralized and secure way for consumers to manage all of their financial tasks — any time, anywhere. Yodlee makes financial institutions' websites essential to their customers and generates new revenue opportunities. Over 100 leading financial institutions and portals today offer Yodlee-powered solutions to millions of customers worldwide. Yodlee operates in
S1 Corporation 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.
Yodlee is a registered trademark of Yodlee, Inc. All other products and services mentioned are the property of their respective owners.
SOURCE Postilion
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