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Marks & Spencer Implements Gift Cards With Postilion
Aug 04, 2008 (08:08 AM EDT)
LONDON and NORCROSS, Ga., Aug. 4 /PRNewswire-FirstCall/ -- Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation , today announced that Marks & Spencer has completed the implementation of a gift card program based on Postilion solutions.
The Postilion Card Issuer solution enables retailers to manage the entire life cycle of their gift cards, including traditional paper vouchers, gift card certificates, and electronic vouchers. This comprehensive solution controls the issuing, authorization, and account management for individual gift cards and batches of gift cards that can be offered as corporate incentives. Cards can be identified either by a magnetic stripe or a barcode and value is only loaded at the time of purchase. For multi-national retailers, such as Marks & Spencer, Postilion also provides the ability to issue and manage gift cards in multiple currencies, with the currency type loaded at the Point-of-Sale.
Following a successful pilot in the company's Irish stores, the Marks & Spencer gift card program was launched in all UK stores in November 2007. "For the past five years, we have used the Postilion Retail solution to process card payments from our in-store Points-of-Sale tills, so we were confident that Postilion could handle the gift card program," commented Darrell Stein, M&S Director of IT and logistics.
"Gift cards are proving increasingly popular with consumers in the UK, and the project with Marks & Spencer serves to highlight this," said Grant Wyatt, General Manager, Postilion Europe. "We see a growing awareness in the retail community of the benefits of running a gift card program in-house. Not only does this provide the retailer with greater control and flexibility, but as volumes of gift card sales increase, the cost advantage of running these programs in-house becomes obvious. Managing gift cards internally with the Postilion Card Issuer solution makes sense from both an economic and a business perspective for organizations where gift cards make up a strategic part of their customer offering."
About Marks & Spencer
Marks & Spencer (M&S) is one of the UK's leading retailers, with over 21 million people visiting its stores each week. It offers stylish, high quality, great value clothing and home products, as well as outstanding quality foods. M&S employs over 75,000 people in the UK and abroad, and has 643 stores in the UK and 258 stores in 40 territories globally. Marks & Spencer's total Group revenues for 2007/8 were 9.02bn pounds Sterling.
Postilion, a division of S1 Corporation , is a leading provider of integrated solutions for self-service banking and payment processing. Our offices, on five continents, serve over 1,500 customers in more than 50 countries. Postilion solutions drive self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones.
More than 100,000 ATMs and 500,000 POS terminals worldwide run on Postilion solutions. In the United States, over 1,250 credit unions and community financial institutions use Postilion solutions. Built on open systems, Postilion solutions provide consolidated management information, card management, 3DES and EMV enablement, and loyalty management. At the forefront of compliance with new regulations and security enhancements, such as the Payment Card Industry Data Security Standard (PCI DSS) and Visa's Payment Application Best Practices (PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry. More information is available at www.postilion.com .
About S1 Corporation
S1 Corporation www.s1.com www.postilion.com www.S1enterprise.com www.fsb-solutions.com delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at , , , and .
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 www.sec.gov or the SEC's web site at ) 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.
CONTACT: Kato Oosthuizen of Postilion, +44 (0)1932 574 700, or firstname.lastname@example.org; or Mark Kember, +44 (0)20 8392 4062, or, for Postilion
Web site: http://www.postilion.com/ http://www.s1.com/ http://www.S1enterprise.com/ http://www.fsb-solutions.com/