NCR leverages Postilion's open systems payment architecture to meet EMV
compliance and decrease costs
ATLANTA, April 3 /PRNewswire-FirstCall/ -- Postilion Inc., a subsidiary
of S1 Corporation, today announced that NCR Corporation, a global leader in
self- service technology, will install Postilion payment processing
software at its NCR Toronto, Ontario data centre to serve the needs of
Canadian banks, credit unions, and retailers. NCR's Canadian customers
represent a wide range of retail locations, using a variety of
point-of-sale terminals and electronic cash registers and processing tens
of millions of transactions yearly.
NCR selected Postilion to replace its legacy payment transaction engine
to meet evolving Europay, MasterCard, and VISA (EMV) industry chip-card
payment technology compliance standards and address payment fraud
requirements for financial institutions and retailers. Beyond meeting EMV
requirements, NCR will use Postilion to better meet the evolving industry
compliance challenges of all payment networks, such as the Payment Card
Industry Data Security Standards (PCI DSS), and to reduce the time and cost
required to bring new payment products and services to market.
Postilion -- with application availability that has been proven in
other markets such as the United Kingdom and Western Europe -- will run in
a Microsoft Windows environment on Stratus fault-tolerant hardware. This
will provide NCR with a highly scalable, open architecture that will help
enable implementation of new products and services.
"By choosing Postilion, we will be well positioned to meet EMV
compliance standards, decrease costs, and easily offer additional products
and services," said Greg Hanson, general manager of NCR eCommerce
Solutions. "We are looking forward to all of the opportunities and
advantages that this relationship will give NCR and our customers."
Pierre Naude, general manager of Postilion Americas, said, "Postilion's
open systems architecture lowers the cost of ownership for industry leading
payment switching technology, while delivering cost-effective, scalable,
revenue-generating solutions. In addition, Postilion's EMV compliance and
the fact that it is PCI DSS-ready enables us to exceed all of our
customers' most critical business needs."
About NCR
NCR Corporation is a leading global technology company helping
businesses build stronger relationships with their customers. NCR's
Teradata(R) data warehouses, ATMs, retail systems, self-service solutions
and IT services provide Relationship Technology(TM) that maximizes the
value of customer interactions and helps organizations create a stronger
competitive position. Based in Dayton, Ohio, NCR (http://www.ncr.com)
employs approximately 28,900 people worldwide.
About Postilion
Postilion, a subsidiary of S1 Corporation (Nasdaq: SONE), is a leading
global provider of open-systems electronic payment processing solutions
with offices on five continents serving customers in more than 50
countries. The Postilion product drives payments -- including advanced
financial transactions such as prepay and self-service -- through ATMs, POS
terminals, phones, and Internet access points. Postilion provides
consolidated management information, integrated card management, EMV chip
enablement, and loyalty software solutions. It reduces transaction
processing costs, speeds time to market for new products and offerings,
improves analysis of customer transactions and business opportunities, and
increases profitability. Additional information is available at
http://www.postilion.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.
|
