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Central National Bank of Enid licenses Postilion banking package

06 May 2008  |  2042 views  |  0 Source: S1 Corporation

Postilion, a leading provider of integrated software solutions for self-service banking and payments and a division of S1 Corporation (Nasdaq: SONE), today announced that Central National Bank of Enid (CNB), an Oklahoma-based community financial institution, will implement Postilion's suite of integrated self- service banking solutions, including Postilion Retail Internet Banking, Postilion Business Internet Banking, and Postilion Voice Banking.

As a community bank, CNB is well aware of the challenges of growing its customer base and opening new markets in the face of the expanding presence of national banks and non-traditional financial services organizations competing for its market share. However, as an innovative community bank, it has also recognized an opportunity to use technology to open new or untapped market opportunities and develop new revenue streams for the bank.

A long-time Postilion customer, CNB Enid is already deploying Postilion's ATM Driving and Card Management solutions today, which have helped the bank to offer FDIC-insured prepaid card products, along with card issuing and card processing, to both retailers and financial institutions that wish to enter the stored value card market. CNB's successful prepaid card programs include innovative features like inexpensive remittance capabilities, email and SMS notification, prepaid contactless card programs for universities, and several payroll card programs enabled at community financial institutions around the country.

CNB is now leveraging Postilion's broad range of self-service banking solutions to deliver an integrated, consistent customer experience across all of its self-service channels. Utilizing Postilion's single platform to deploy Internet Banking and Voice Banking alongside the ATM and Card Management solutions enables CNB to improve overall customer satisfaction with solutions that are driven by tight data integration, offer a common look and feel, and enable the bank to expose new products and services quickly. CNB also benefits by having a central banking portal for configuration, monitoring, and reporting across all channels - giving CNB the ability to better service, market, and cross-sell to new and existing clients.

CNB's installation will begin in May, with plans to take the following solutions live throughout the year:
  • Postilion Retail Internet Banking - a comprehensive Internet banking service for retail customers, including account balance inquiries, transfers, bill payments, ATM personalization, and user alerts.
  • Postilion Business Internet Banking - a full-featured Internet banking service for business customers, including a sophisticated set of account, transfer, payment, payroll, wires, and self-service functionalities, secure protection against fraudulent activities, and targeted reporting.
  • Postilion Voice Banking - the full range of voice banking functionality, such as online and offline transaction processing, call flow management, and voice driver management.

    "As a community banker for more than 30 years, it is my experience that you must be willing to innovate in order to remain competitive or you end up sitting on the sidelines," said Brud Baker, President and CEO, Central National Bank. "We have an excellent relationship with Postilion and they have enabled us to continually deliver leading-edge solutions to our markets. We are confident that Postilion is the right partner to take our self-service banking solutions to the next level, empowering our customers with the right products and services where and when they want them."

    "Banking and payments will continue to converge and Postilion is well positioned to help community financial institutions deliver the products and services needed to compete in this dynamic market," said Pierre Naude, Senior Vice President and General Manager of Postilion Americas. "We are excited about the opportunity to help Central National Bank of Enid be among the first community banks to deliver integrated self-service solutions to provide a truly pervasive financial services experience for its customers."
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