Postilion, a division of S1 Corporation (Nasdaq: SONE) and a leading global provider of integrated solutions for self-service banking and payment processing, today announced an alliance naming Metavante Corporation a strategic provider of electronic presentment and payment (EPP) services.
Under the agreement, Postilion and Metavante will deliver a tightly integrated self-service banking solution featuring expanded bill payment capabilities and a seamless e-banking customer experience for financial institutions and their customers in the Americas. Metavante is the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI).
"Our alliance with Metavante enables our customers to have multiple options for bill payment services and choose the solution that is right for their business and customers," said Pierre Naude, General Manager of Postilion, Americas. "Our relationship with Metavante will further enable us to focus on our self-service banking strategy while providing our financial institution customers with a bill pay platform scalable and flexible enough to meet their needs, including seamless customer experience integration between the online banking and EPP platforms."
In addition to its enhanced integration technology that provides a consistent customer experience across online banking and electronic bill pay, the Metavante solution offers innovative payment options. Postilion self-service solutions, in concert with Metavante EPP, will offer payment options such as credit and debit card funding for Internet bill pay, along with Metavante Express Payments through same-day electronic processing or overnight check.
The new agreement also includes joint marketing initiatives to promote increased adoption and usage of Metavante electronic presentment and payment products. Delivered through aim, a service offered to client financial institutions that implement Postilion online banking applications to increase adoption and loyalty, customers of Postilion will be able to effectively communicate and market the features and benefits of the enhanced Metavante EPP services to existing customers, while also driving increased enrollment and activation of customers.
"Our investment in an integrated customer experienceeence between Postilion's self service banking solutions and our electronic bill pay platform positions Metavante as an important bill payment collaborator for Postilion," said Dave Fortney, senior vice president, Metavante Electronic Presentment and Payment. "Factor in our unique ability to provide the essential components of a successful payments program, and Metavante's alliance with Postilion truly becomes a compelling advantage for Postilion clients."