Salsaga Blog

ATLANTA, April 10 /PRNewswire-FirstCall/ — S1 Enterprise, a division of S1 Corporation and a leading provider of multichannel financial service software, today announced the latest version of its online ACH solution powered by the S1 Corporate Banking application. This version provides new capabilities such as a central repository for payee information, additional ACH transaction types, improved usability features, and advanced security options and controls.Wachovia Bank, N.A. is among the first clients of S1 Enterprise to use this new ACH service. “Our clients demand ‘best-of-breed’ tools to manage their businesses effectively,” said Michael Daley, senior vice president of Treasury Services for Wachovia Bank. “We are pleased to ‘partner’ with S1 Corporation to deliver the functionality and performance our ACH customers require.”Wachovia’s ACH solution will primarily service its small business and commercial clients with a fully functional, easy to use, online, ACH service. Wachovia’s clients will access the new ACH service via the Wachovia Connection online banking portal to initiate multiple types of ACH payments — including tax payments, payroll, direct debits and trade payments. S1 will provide tax routing and formatting updates to the Bank and will also assist Wachovia with implementation services.”We designed S1 Corporate Banking to support the sophisticated payment requirements of top global banks. We are proud to work with Wachovia Treasury Services as one of their strategic ‘partners,’” said Fred Dumas, General Manager, S1 Treasury Online Group. “We are committed to providing benefits to Wachovia for many years to come.”S1 has almost twenty years of experience providing cash management solutions to the world’s largest banks. S1 Corporate Banking provides an integrated global payments framework supporting diverse domestic and international payments, including wire transfers, account transfers, ACH and localized payments for over twenty countries. In addition to comprehensive payment services, S1 Corporate Banking offers a rich, highly flexible user-interface, extensive security and entitlement features like multi-factor authentication, bulk file transfers, check services, and complete information reporting supporting cash position management.About S1 EnterpriseMore 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 , S1 Enterprise is a leading provider of integrated banking solutions that enables financial service providers to receive 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 .About S1 CorporationS1 Corporation 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 , , , and .Forward-Looking StatementsThis 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. S1 Corporation

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