Threshold leverages Postilion to further enhance EFT availability and achieve greater efficiencies across its operations
NORCROSS, Ga. and MISSISSAUGA, Ontario, Canada, June 4 /PRNewswire/ -- Postilion, a leading global provider of integrated solutions for payments and self-service banking and a division of S1 Corporation (NASDAQ:SONE), and Threshold Financial Technologies, Inc., jointly announced today that Threshold has selected Postilion for direct connection to Canada's Inter-Member Network (IMN). Interac Association's IMN is a national payment network that allows Canadians to access their money through Automated Banking Machines and Point- of-Sale terminals. This will be the first implementation of a Postilion switch connecting to the IMN, which will allow Threshold to participate in the network on behalf of its extensive credit union client base.
Threshold has utilized the Postilion Payment Switching and ATM Driving solution for eight years. The addition of the IMN direct connection further enhances Threshold's ability to provide market leading financial services and emphasizes the performance, flexibility, and scalability of Postilion's industry leading payments software. As an IMN Direct Connector, Threshold Financial has to meet rigorous certification requirements, due in part to the level of complexity and industry leading security levels required for Interac services.
"Our joint efforts with Postilion continue to elevate the level of systems availability and performance that we are able to provide to the Canadian financial services market," said Matthew McIver, President of Threshold. "We are truly taking our EFT services to new heights, which will enable our clients to benefit from an open architecture processing environment connected to the IMN. Additionally, Postilion affords a more economic solution than the options previously available to us." The Postilion IMN solution, implemented on the IBM Series p on AIX(R), will incorporate Postilion's active/active architecture to provide load balanced synchronized system continuity capabilities. The active/active architecture enables Threshold to share transaction loads across two systems, on a real time basis, and provide its clients with an extremely high availability solution. Postilion's modular architecture also allows Threshold to add the IMN direct connection to its existing environment, without disruption to Threshold's current EFT services.
"Threshold and Postilion have worked together for almost a decade to achieve market leading solutions," said Pierre Naude, Senior Vice President and General Manager of Postilion Americas. "We are excited to deliver this next-generation solution with Threshold to lead the financial services industry in changing how premier EFT sites are architected." About Threshold Threshold Financial Technologies Inc. is a wholly owned subsidiary of Versent Corporation ULC, a privately owned Canadian company with more than 850 employees throughout North America. Threshold has been actively involved in the payments industry since 1997 operating over 2000 ATMs and has existing corporate relationships with organizations such as Meridian Credit Union, Alterna Savings Credit Union, All Trans Financial Services Credit Union, ING Bank, Sobeys, A&P, Costco Wholesale Canada, and Husky Energy. For more information, see http://www.threshold-fti.com/ About Postilion Postilion, a division of S1 Corporation (NASDAQ:SONE), is a leading provider of integrated solutions for payment processing and self-service banking. 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 500,000 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 http://www.postilion.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/.
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: Postilion CONTACT: Leisha Richardson, Postilion, +1-512-336-3028, ; Caroline Traylor, Porter Novelli, +1-512-241-2239, ; Tracy Boyd - VP, Marketing, Threshold, +1-905-678-4495, Web site: http://www.s1.com/ http://www.postilion.com/ http://www.s1enterprise.com/ http://www.fsb-solutions.com/ http://www.threshold-fti.com/
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