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S1 Corporation Deploys Industry's First Integrated Bill
Presentment and Payment Solution At Busey Bank; S1 Continues to
Set the Standard for Online Financial Services
Monday January 10 6:06am
ATLANTA--(BUSINESS WIRE)--Jan. 10, 2000--S1 Corporation
(NASDAQ:SONE), the leading provider of Internet-based solutions for
the financial services industry, announced today that Busey Bank, a
subsidiary of First Busey Corporation (NASDAQ:BUSE), has
successfully launched its online bill presentment and payment services
utilizing the S1 Electronic Bill Presentment and Payment (EBPP)
solution. Recognized by Frost & Sullivan as the first solution to deliver
integrated bill presentment and retail banking capabilities, S1's EBPP
solution positions Busey as the first institution to offer customers an
efficient and paperless vehicle through which to view and pay bills.
Furthermore, the S1 solution is providing the bank with additional
opportunities to strengthen customer relationships, generate revenue
and maintain its competitive advantage.
Busey also worked closely with Business Logic Corporation, a
Chicago-based provider of Web-based solutions for the banking and
financial services industries, to implement the S1 solution.
"We strive to anticipate our customers' needs and quickly deliver
strategic online services that enable them to gain greater control of
their finances," said Dave Kuhl, president, Busey Bank. "As a result, we
have implemented S1's industry-leading EBPP solution to offer
customers a consolidated view of bills from multiple sources and an
easy way to make electronic payments. By working with S1 to extend
our online offerings, we are further staking our claim in this highly
competitive market and delivering value-added services that not only
attract new customers, but also strengthen our existing customer
The S1 EBPP solution, coupled with online banking, enables financial
institutions to provide their customers with a complete banking
experience by seamlessly integrating bill presentment with payments
into a comprehensive banking solution.
"Busey Bank's successful implementation of the S1 EBPP solution as
part of its established Internet Banking services represents yet
another industry first for our company," said Chuck Ogilvie, general
manager, S1 Corporation. "S1 has a history of pioneering Internet
banking solutions for the retail market, and by delivering the
industry's first end-to-end integrated bill presentment and payment
applications, we are further solidifying our defining role."
About S1 Corporation
S1 (NASDAQ:SONE), the pioneer of Internet banking, is today's
leading provider of innovative Internet-based financial services
solutions. S1 offers a broad range of applications that empower
financial organizations to increase revenue, strengthen customer
relationships and gain competitive advantage by meeting the evolving
needs of their customers across various lines of business, market
segments and delivery channels. Through its professional services
organization, S1's applications can be implemented in-house or
outsourced to the S1 Data Center. Additional information about S1 is
available at www.s1.com.
About S1 Corporation
About Busey Bank
Busey Bank is a $1.2 billion bank with 16 Banking Centers in Champaign,
Ford and McLean Counties in Illinois as well as one Banking Center in
Indianapolis. Busey provides electronic delivery of financial services
through Busey e-bank. Busey Bank has Loan Production Offices in Ft.
Myers and Naples, Florida, as well as a full-service broker/dealer
subsidiary, First Busey Securities, Inc. First Busey Securities
currently has in excess of $375 million under care. Busey Travel and
Busey Insurance Services, Inc. are Busey Bank's other subsidiaries.
First Busey Trust & Investment Co., is a wholly owned subsidiary of
First Busey Corporation specializing in asset management and trust
services. Currently, First Busey Trust has total assets under
management of $760 million.