S1 and IBM Customer, Regions Bank, Rated Top-Performing Online Banking Site23 April 2006
S1 Corporation (Nasdaq: SONE), a leading provider of customer interaction software solutions for financial and payment services, and IBM are pleased to congratulate one of their key customers, Regions Financial Corporation (NYSE: RF), for its top ranking in the recent Gomez Performance Index as Gomez's top performing online banking site. Regions Bank, one of the nation's top 15 financial services providers, uses S1 Personal Banking as its core online banking application on open standards-based IBM software and hardware.
Gomez Performance Indices (GPIs) measure Web site speed and availability at the largest and most visited online institutions. GPIs provide a real-world view of two important components: transaction speed and system availability. With response times that are three seconds faster than the benchmark average of 8.57, the Regions online banking site is rated number one in transaction performance.
S1 Personal Banking, one of seven S1 Enterprise applications, is a feature-rich application that delivers customer access to account activity, online statements, bill payment, transaction categorization and reporting, account transfers, alerts, and check services.
"Securing the top ranking for online banking performance is quite an achievement, one that we are proud to have been a part of with our long-time partners at Regions," said Matt Hale, group president for S1 Corporation. "But to have exceeded the other response times by more than one second is remarkable. We are delighted that an S1 Enterprise Platform customer has received this prestigious honor, and we look forward to being a cornerstone of their continuing excellence in online banking."
"The top rating from Gomez highlights the value we've gained from our long-standing partnerships with both S1 and IBM," said Regions Bank President of Alternative Delivery Michael F. Jackson. "The implementation of S1 Personal Banking was a major milestone in our efforts to meet the complex online banking needs of today's consumers."
"We're pleased to have played a role in Region's success," said Mark Greene, VP of financial services at IBM. "The recognition by Gomez shows how a combination of business insight and technology can fulfill the potential of the Web and online banking. Congratulations to Regions."
About Regions Financial Corporation
Regions Financial Corporation (NYSE: RF), headquartered in Birmingham, Ala., is a full-service provider of retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions had $84.8 billion in assets as of Dec. 31, 2005, making it one of the nation's Top 15 banks. Regions' banking subsidiary, Regions Bank, operates some 1,300 offices and a 1,600-ATM network across a 16-state geographic footprint in the South, Midwest and Texas. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 280 offices. Additional information about Regions, which is a member of both the Forbes and Fortune 500 and has one of the top mortgage companies in the United States, can be found at http://www.regions.com.
About S1 Corporation
S1 Corporation (Nasdaq: SONE) is a leading global provider of customer interaction solutions for financial and payment services. Comprised of applications that address virtually every market segment and delivery channel, S1 solutions help integrate and optimize an institution's entire front office, resulting in increased operational efficiencies, revenue opportunities and overall customer satisfaction. S1 is the only provider with the proven experience, breadth of products and financial strength to empower financial services companies' enterprise strategies. Additional information about S1 is available at http://www.s1.com.
About IBM
IBM is the world's largest information technology company, with 80 years of leadership in helping businesses innovate. Drawing on resources from across IBM and IBM Business Partners, IBM offers a wide range of services, solutions and technologies that enable customers, large and small, to take full advantage of the new era of e-business. For more information about IBM, visit http://www.ibm.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
Source: prnewswire
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