CEFCU taps S1 for online and mobile banking

Source: S1

S1 Corporation (Nasdaq:SONE), a leading global provider of payments and financial services software solutions, today announced that CEFCU, a top 20 U.S. credit union, has licensed online and mobile banking, new account opening, and out-of-band authentication solutions from S1.

CEFCU's members will be able to interact with a richer online banking experience that allows them to manage their account balances, open new accounts online, utilize enhanced fraud control features, and initiate fast and secure payments from their accounts to PayPal(TM) users using their mobile phones.

"Over 100,000 members rely on CEFCU's online banking services", says Todd Haller, CEFCU Vice President. "This makes it imperative for CEFCU to deliver real value to our members so they can manage their money wisely and effectively. We chose S1 because they offer consumer and business solutions with enhanced functionality that is frequently requested by CEFCU members."

"Online users require more sophisticated services and security. CEFCU has chosen to deploy state-of-the-art services from the S1 Online Banking suite of products that can advance members' online experience," said Jan Kruger, Divisional President, S1. "We look forward to working closely with CEFCU to implement solutions that can truly benefit their membership base."

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