PNC Financial Services Group, Inc. Deploys FRS Regulatory Reporting Software

Business Wire, Sept 12, 2005

CHARLOTTE, N.C. -- --Institution Re-engineers Reporting Processes to Achieve Greater Efficiency and Gain Better Insight into Financial Data --

FRS, a leading global provider of enterprise risk and regulatory compliance solutions and a business unit of S1 Corporation (Nasdaq: SONE), today announced that PNC Financial Services Group, Inc. (NYSE: PNC) has successfully deployed the FRS Regulatory Reporting solution as part of PNC's strategy to create operational efficiency and achieve sustained compliance with evolving reporting requirements. Implemented as part of an enterprise-wide financial reporting initiative, PNC is utilizing the FRS software to file regulatory reports as well as automate the processes of financial data collection within an auditable management framework. FRS Regulatory Reporting is enabling PNC to increase management control, reduce costs and facilitate in-depth analysis.

FRS Regulatory Reporting provides PNC with an efficient means to consolidate financial data and support timely, accurate and transparent information across the institution. The FRS solution is also equipping the institution with an infrastructure that will help PNC keep pace with the demands of regulatory change, such as the Federal Financial Institution Examination Council's (FFIEC) Call Report Modernization Project, and assist PNC in meeting increasingly tight reporting deadlines.

"We are pleased with the impact FRS Regulatory Reporting has had on our ability to improve data integrity, accuracy and regulatory reporting efficiency," said Pat Jablonski, Manager of PNC Regulatory Reporting. "Our team has closely collaborated with FRS throughout the implementation process and we are pleased with FRS' ongoing commitment to further developing the product to meet PNC's demanding performance requirements and enhance or add capabilities of specific importance to us."

"The FRS Regulatory Reporting solution has exceeded our expectations in many ways; by year-end we will have achieved 80 percent automation of the major regulatory reports," added Paul Tomei, Vice President and Systems Director, PNC. "Of particular value, the FRS software is giving us the ability to automatically reconcile what we submit to our regulators - we will be able to easily test and analyze our delivery files to ensure consistency and reporting accuracy. With the FRS product, we gain best-in-class software and a relationship with a company dedicated to its customers' long term success."

FRS Regulatory Reporting is helping approximately 650 financial institutions worldwide to stay in step with the statutory requirements of central banks and supervisory agencies to product timely and accurate financial reports. By automating the end-to-end workflow of regulatory reporting - from data capture to validation to report delivery - the FRS solution is enabling banks to simplify processes, while dramatically reducing errors and expenses. FRS supports regulatory reporting in more than 25 countries, backed by local teams with local market expertise. FRS Regulatory Reporting is a centralized solution that provides banks with increased consistency and control of their global or regional operations.

"PNC recognizes our exceptional ability to empower institutions with reporting systems that support financial data accuracy and transparency across their organizations," said Alain Tayenne, General Manager, FRS. "With FRS Regulatory Reporting, institutions such as PNC benefit from our U.S. banking expertise and global understanding of regulatory requirements and emerging technology standards. Customers can be assured of FRS' commitment to helping banks meet the continually changing requirements of the regulatory community."

About PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the nation's largest diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.

About FRS

FRS provides financial institutions worldwide with enterprise risk and regulatory compliance solutions that enable them to increase operational efficiency, reduce costs and mitigate risks. The FRS FinancialAnalytics suite of applications helps institutions to overcome regulatory and compliance obstacles, including prudential reporting requirements, Basel II, IFRS and Sarbanes-Oxley, by leveraging a common data foundation and operational risk management framework to harness financial intelligence across the enterprise. A business unit of S1 Corporation (Nasdaq: SONE), FRS brings more than a decade of industry expertise to approximately 650 institutions in 25 countries including 40 of the top 50 global financial institutions. Additional information about FRS is available at www.frsglobal.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.