LONDON and NORCROSS, Ga., Nov. 4 /PRNewswire-FirstCall/ -- Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation (Nasdaq: SONE), today announced that eService S.A., the wholly-owned acquiring arm of Poland's largest retail bank, PKO Bank Polski S.A., has chosen to use additional offerings from Postilion's Merchant Acquiring solution. Postilion will replace an existing competitive back-office system to provide back-office processing including settlement, management reporting, and chargeback handling.
"eService has grown its POS footprint rapidly over the past few years and we required a transaction management platform that would provide the settlement services and reporting information that our business needed," said Maciej Maciejewski, Technology and Research Department Director, eService. "The new Postilion functionality integrates seamlessly with our existing Postilion platform, and we expect to gain operational cost savings by introducing it."
"Managing a large POS estate requires complex back-office settlement processes to be employed which can be complicated by the regular mandates introduced by the card associations," said Grant Wyatt, General Manager for Postilion in Europe. "Postilion will enable eService to comply with the requirements of the card associations and partner businesses while at the same time simplifying its architecture through the consolidation of multiple legacy back-office systems."
As part of the solution, eService is also implementing AdjustmentHub(tm) from Lean Industries, which is seamlessly integrated with Postilion to automate processes and workflows around chargeback requests and representment processing. This approach integrates internal dispute handling at eService with merchant notification and financial management and substantially reduces the manual workload of eService's internal team, allowing them to concentrate on activities that deliver greater value to the business.
"Processing disputes is one of the most labor-intensive tasks in the EFT industry. Our AdjustmentHub solution provides eService with a built-in workflow that streamlines exception handling for all transaction types. It automates manual processes like case creation from incoming chargebacks, merchant notification, posting of debits and credits, case item aging, and calendar tracking," commented Bjorn Larsen, President of Lean Industries.
About eService S.A.
eService S.A. was established in 1999 and is the most dynamically growing acquirer in Poland. The company's core business is the authorization and processing of payment cards -- VISA, VISA Electron, MasterCard, MasterCard Electronic, Maestro, Diners Club and American Express. eService has built a network of 50 000 devices in Poland. Additional services offered at POS terminals include:
The company employs 140 employees in its headquarters and 135 sales representatives throughout Poland. eService S.A. is fully owned by PKO Polish Bank S.A.
www.eservice.com.pl
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 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
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
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
CONTACT: Kato Oosthuizen of Postilion, +44 (0)1932 574 700,
kato.oosthuizen@postilion.com
; or James Kennedy of Axicom, +44 (0)20 8392 4091,
james.kennedy@axicom.com
