S1 Corporation the leading provider of Internet-based solutions for the financial services industry, announced this morning that Busey Bank, a subsidiary of First Busey Corporation, has successfully launched its online bill presentment and payment services utilizing the S1 Electronic Bill Presentment and Payment 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 relationships.”
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 [http://www.s1.com].
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.