Sky Bank Selects S1 Enterprise Solutions for Online Banking

Business Wire, Jan 10, 2005

ATLANTA -- S1 Business Banking and S1 Corporate Banking Will Enable Sky Bank to Target the Full Spectrum of Wholesale Banking Customers

Sky Bank, the wholly owned subsidiary of Ohio-based Sky Financial Group, Inc. (NASDAQ:SKYF), a diversified financial holding company with $15 billion in assets, has entered into an agreement with S1 Corporation (NASDAQ:SONE) to deploy S1 Business Banking and S1 Corporate Banking. The applications, which are delivered on the S1 Enterprise Platform, will enable Sky Bank to drive revenue in the lucrative small to mid-market business segment as well as extend its online cash management services to large corporate customers. The applications will be hosted in S1's global data center in Norcross, Georgia.

"S1 Enterprise will enable Sky Bank to address the full spectrum of business and corporate customers with targeted solutions for the unique needs of specific commercial market segments," said Todd Ritzler, vice president and commercial product manager for Sky. "We can focus on a whole new wave of potential online business banking users in the small business market while also delivering advanced cash management features to large corporate customers. With S1 Enterprise solutions, Sky Bank can deliver a new level of convenience, a wide array of features, and specially designed services that can evolve with a growing business."

For the small to mid-market businesses that are the core of Sky Bank's wholesale customer base, S1 Business Banking provides a unique set of capabilities for business owners and operators to simplify operations, gain a real-time view of their financial position, and maximize cash flow, payables, and receivables. Sky Bank's business customers will have a functionally rich, easy-to-use solution with robust modules for account information, payments, transfers, and check services. S1 Business Banking will also enable Sky Bank to implement new, value-added features such as online lockbox images, positive pay, bill pay, account alerts, and online ACH tax payments.

For high-volume users in large corporations, S1 Corporate Banking delivers advanced features such as a powerful payments engine, advanced entitlements, an extended wire payments module, and reporting tools for managing the daily cash position of the most complex operation.

"S1 Enterprise will enable Sky Bank to deploy deep online capabilities to target both small business and corporate customers, and it enables them to do this with a low total cost of ownership," said Ron Young, vice president of product management for S1. "With a unified platform, Sky Bank can deploy, service, and maintain multiple applications more efficiently and cost-effectively."

S1 Enterprise offers nine major applications on the S1 Enterprise Platform, including S1 Business Banking, S1 Corporate Banking, S1 Personal Banking, S1 Insurance, S1 Enterprise Teller, S1 Enterprise Sales and Service Platform, S1 Enterprise Call Center, S1 Enterprise Voice Banking (powered by Edify), and S1 Enterprise Analytics. For more information regarding S1 Enterprise visit www.s1.com.

About S1 Corporation

S1 Corporation is a leading global provider of integrated front-office applications for more than 4,000 banks and insurance providers around the world. Comprised of applications that address virtually every market segment and delivery channel, S1 solutions help integrate and optimize an institution's entire front office, resulting in increased operational efficiencies, revenue opportunities and overall customer satisfaction. S1 is the only provider with the proven experience, breadth of products and financial strength to empower financial services companies' enterprise strategies. Additional information about S1 is available at www.s1.com.

About Sky Financial Group, Inc.

Sky Financial Group is a $15 billion diversified financial holding company with its headquarters located in Bowling Green, Ohio. Sky's asset size places it among the 50 largest publicly-held bank holding companies in the nation. The company operates over 280 financial centers and over 300 ATMs serving communities in Ohio, Pennsylvania, Michigan, Indiana and West Virginia. Sky's financial service affiliates include: Sky Bank, commercial and retail banking; Sky Trust, an asset management organization; and Sky Insurance, retail and commercial insurance agency services. Sky is located on the web at www.skyfi.com.

Forward-Looking Statements

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at www.s1.com or the SEC's web site at www.sec.gov) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.