NORCROSS, Ga., June 12 /PRNewswire-FirstCall/ -- S1 Enterprise, a division of S1 Corporation (NASDAQ:SONE) and a leading global provider of customer interaction software solutions, congratulates its customer SunTrust for being the Innovative Feature Winner for SunTrust Fraud Inspector from Barlow Research Associates, Inc. as part of their Monarch Innovation Awards.
S1 Enterprise partnered with SunTrust in extending S1 Business Banking's positive pay functionality to create Fraud Inspector(SM), an industry-leading online fraud management service. SunTrust has branded its online small business service into three distinct solutions: Online Cash Manager(R), Online Cash Manager Plus(R) and Online Cash Manager Premium(R). Fraud Inspector is offered as part of Online Cash Manager Plus and Online Cash Manager Premium as an added benefit to enable customers to review a business day's transactions that have cleared their SunTrust deposit accounts and request the return of suspected fraudulent items. Small business customers can set up email alerts to be notified when items are available for review, and to customize alerts for user-specified thresholds.
"SunTrust is committed to providing its small business customers with a full range of innovative financial services," said Nick Alex, SVP, Treasury and Payments Solutions, SunTrust Banks, Inc. "We are very proud of the success of Fraud Inspector; it gives our Online Cash Manager Plus and Online Cash Manager Premium customers greater peace of mind against risk and fraud." "We were excited to work with SunTrust on this project," said Neil Underwood, General Manager, S1 Enterprise Americas - Retail Online. "We understood the importance to SunTrust of being a leader in the market and differentiating themselves from other solutions in the online small business space. Their Fraud Inspector(SM) feature is a great example of our shared continued success in delivering what their small business customers need." SunTrust and Barlow Research will recognize SunTrust and S1 associated employees involved in delivering Fraud Inspector to the market in a special ceremony today for the 2008 Monarch Innovation Award of Most Innovative Feature.
About S1 Enterprise More 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 (NASDAQ:SONE), S1 Enterprise is a leading provider of integrated banking solutions that deliver financial service providers a holistic view of their customers whether online, in the branch or in the call center. Additional information about S1 Enterprise is available at http://www.s1enterprise.com/.
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 http://www.s1.com/, http://www.postilion.com/, http://www.s1enterprise.com/, and http://www.fsb-solutions.com/.
About SunTrust SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of March 31, 2008, SunTrust had total assets of $179.0 billion and total deposits of $116.2 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24- hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and capital markets services. SunTrust's Internet address is suntrust.com.
About Barlow Research Barlow Research provides voice of the customer market research to nine of the ten largest U.S. banks. The company has continuously surveyed middle market and small business companies since 2000 and provides clients with quarterly metrics that measure trends in loyalty, channel adoption, account officer performance and cross-selling. The Monarch Award was created by Barlow Research to recognize innovation in business financial services.
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 http://www.s1.com/ or the SEC's web site at http://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. DATASOURCE: S1 Corporation CONTACT: Jenni Palocsik, Sr. Product Marketing Manager, S1 Enterprise, +1-404-923-6113, +1-678-492-3141, Web site: http://www.s1.com/ http://www.s1enterprise.com/ http://www.postilion.com/ http://www.fsb-solutions.com/ http://www.suntrust.com/
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