Remote Key Distribution to Major ATM Models Now Available
Dubai, United Arab Emirates - Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation (Nasdaq: SONE), today announced that the Postilion ATM Driving solution has been enhanced to allow ATM owners and deployers to remotely distribute master security keys to Automated Teller Machines. This capability is available for all four major global ATM manufacturers.
Master security keys are stored in each ATM to ensure the secure processing of transactions. Previously, the secure key loading process generally required a site visit by two independent security officers to manually load the keys onto each ATM. With the enhanced Postilion ATM Driving solution, this process can now be fully automated and managed from a central remote site. This not only generates cost savings, but also strengthens the level of security, as people can often be the weak link in the security chain.
Security key updates can now be made in a controlled environment and they can be made more frequently without incurring additional costs. Longer key lengths can also be introduced if supported on the ATM. All of these factors enhance the level of security protection offered to ATM owners and deployers. Importantly, for owners of large ATM deployments working with multiple manufacturers and a variety of models, the same process of remote key distribution can now be used for their entire ATM estate.
"Significant financial savings can be gained through this remote and electronic key distribution process as annual site visits can be eliminated," said Eben Esterhuyse, Senior Product Manager for ATMs and Fraud at Postilion. "Furthermore, availability will increase as ATMs will be down for less time, thus improving customer service, enhancing revenue earning opportunities, and lowering the total cost of ownership for ATM owners and deployers."
"As an innovative and highly responsible independent ATM deployer, we take security extremely seriously," commented Barry Skillett, General Manager I.T., PayPoint. "When the need for remote key distribution was introduced, Postilion responded quickly to provide a solution that works with the variety of ATM models we support. Postilion has provided a cost-effective way for PayPoint to continue to maintain the highest levels of card holder security and service."
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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.
For more information, please contact:
Kato Oosthuizen
Tel: +44 (0)1932 574 700
Email: kato.oosthuizen@postilion.com
Abhijit Pradhan
Tel: +971 4 390 1950
Email: Abhijit.pradhan@wallismc.com
© Press Release 2008
