Community Banks Build "Ecosystem" of Financial Services and Products

In an effort to compete with multi-billion dollar financial institutions that are able to offer their customers the most advanced in banking technology, some community banks have begun building an ecosystem of financial services and products that allows them to pool resources and expertise in nearly every facet of banking.

Enid, OK (PRWEB) March 15, 2008 -- In an effort to compete with multi-billion dollar financial institutions that are able to offer their customers the most advanced in banking technology, some community banks have begun building an ecosystem of financial services and products that allows them to pool resources and expertise in nearly every facet of banking.

Jacksonville Savings Bank in Jacksonville, IL, recently signed a contract with Central National Bank in Oklahoma, to offer payroll cards in their markets. Jacksonville explored the possibility of going at it alone, but CNB's years of research, as well as regulatory and compliance knowledge of payroll cards, made them a great partner. CNB's turnkey solution allowed Jacksonville to enter the payroll card market immediately.

Commented Jacksonville President and CEO, Rich Foss, "we think payroll cards provide many people in the markets we serve a great alternative to receiving their pay by check. CNB gave us a way to make that service available in short order. The interesting thing is people are figuring out all sorts of uses for the cards, in addition to just payroll."

CNB issues and processes prepaid cards, including payroll cards, remittance cards and gift cards. Those cards, with standard pricing, are then offered to other banks that want to be able to offer the products without a large investment of time and money. CNB and the marketing bank share in the interchange and fee income earned on the cards. CNB also develops custom programs for banks and 3rd party marketers interested in prepaid card programs.

"Community banks can offer much more to their customers when they pool resources," said Brud Baker, President and CEO of CNB. "One bank might have an excellent payroll card product while another has a mobile banking solution. As we find ways to work together, we can more effectively meet the demands of our markets."

Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation (NASDAQ: SONE), brought CNB and Jacksonville Savings together at one of the Postilion roadshows last year. Both banks use Postilion for some of their self-service banking products.

"As banking and payments continue to converge, it is imperative for community financial institutions to have a partner that will provide them with the technology and resources needed to compete in this dynamic market," said Pierre Naudé, Senior Vice President and General Manager of Postilion, Americas. "We are committed to helping community financial institutions navigate the changing landscape and act as hub for enabling this network of institutions to deliver a powerful and pervasive financial services experience."   

About Central National Bank & ITS
Central National Bank, an FDIC-insured institution, is headquartered in Oklahoma, and is held by Central Services Corporation. There are seven locations throughout that state. The bank reported assets of over $437 million in 2006. Since 2000, CNB has been issuing and processing prepaid cards, with ITS, a subsidiary of CNB, and provides standard and custom card programs for employers, universities, financial institutions and other organizations. For more information about any of the Bank's products, contact Tania Warnock at twarnock@cnb-enid.com or by phone at 580.213-1762. For more information about ITS, visit the ITS website at www.itsvcs.com.

About Postilion
Postilion, a division of S1 Corporation (NASDAQ: SONE), is a leading provider of integrated solutions for self-service banking and payment processing. Our 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 380,000 POS terminals worldwide run on Postilion solutions. In the United States, over 1,250 credit unions and community financial institutions use Postilion solutions. Built on open systems, Postilion solutions provide consolidated management information, card management, 3DES and EMV enablement, and loyalty management. At the forefront of compliance with new regulations and security enhancements, such as the Payment Card Industry Data Security Standard (PCI DSS) and Visa's Payment Application Best Practices (PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry. More information is available at www.postilion.com.

About S1 Corporation
S1 Corporation (Nasdaq: SONE - News) 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.

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.

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