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Kiwibank Migrates to the Postilion Payments Platform

MELBOURNE, Australia and LONDON, May 18, 2009 /PRNewswire-FirstCall/ -- Postilion, a leading global provider of payments software solutions and a division of S1 Corporation (Nasdaq: SONE), today announced that Kiwibank, the largest domestically owned bank in New Zealand, has successfully migrated from an in-house transaction processing system to the open systems based Postilion platform.

This seven year-old bank, owned by New Zealand Post Ltd., known for its innovative approach to banking services, is using a range of Postilion solutions for all of its EFT needs, including the Postilion solution for ATM owners and the Postilion solution for merchant acquirers. The Postilion payments platform is now driving Kiwibank's deployment of approximately 300 ATMs and processing transactions from both its cardholders and those from other banks' customers.

"We had tight project timelines and were extremely impressed with the support the Postilion team gave us to ensure this significant project was delivered on schedule," said Murray Soon, ATM Channel Manager - Kiwibank.

"We believe that Kiwibank's choice of Postilion confirms their maturity within the Australasian payments industry," commented Francois van Schoor, President of Postilion Payments. "They join a growing number of businesses located across Asia who are using our solutions and benefiting from improved service for their customers and offering the opportunity for competitive differentiation."

About Kiwibank

Kiwibank is a wholly-owned subsidiary of New Zealand Post which is owned by the Government. Kiwibank was launched in 2002 and provides personal and small business banking services. It has more than 600,000 customers and operates profitably. It has the largest network of branches of any bank operating in New Zealand and 300 ATMs.

About Postilion

Postilion, a division of S1 Corporation (NASDAQ: SONE), is a leading global provider of payments software solutions used by over 300 banks, card issuers, merchant acquirers, retailers, and ATM deployers in more than 50 countries. Together, these customers process over seven billion transactions annually, originating from more than 100,000 ATMs and 500,000 POS terminals.

Postilion delivers a multi-channel platform that is functionally rich, extremely flexible, SOA enabled and backed by proven world-class reliability, availability, security, and performance. With a 15-year track record of delivering innovative solutions, Postilion can assist in the introduction of mobile banking, cross-border acquiring, and online payments. Postilion solutions drive consumer-generated payments with support for EMV, contactless, prepaid, and gift cards. Postilion offers PCI DSS certified and PA-DSS compliant solutions. More information is available at www.postilion.com.

About S1 Corporation

S1 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 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.

SOURCE S1 Corporation

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