S1 Corporation

48 results about this entity

Period: 22 Sep 2004 - 12 Oct 2011

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Hypercom to buy Thales' card payments business; appoints new CEO

Hypercom to buy Thales' card payments business; appoints new CEO

Payments technology vendor Hypercom has begun talks with Thales to acquire its e-Transactions business division for $120 million plus an additional performance related earn-out of up to $30 million. Separately, Hypercom has made several new board appointments and promoted Philippe Tartavull to president and CEO of the company, replacing William Keiper who resigned in July.

Linedata, Broadridge and Orc lead Finextra50 down 1.3%

Linedata, Broadridge and Orc lead Finextra50 down 1.3%

The Finextra50 Financial Technology Index finished last week down at 94.11, as losers far outnumbered gainers.

Finextra50 rides rollercoaster week to new low

Finextra50 rides rollercoaster week to new low

Despite the turbulent markets there were a few bright spots last week, such as S1, Computershare and Hypercom, which ended the week up. Some fintech stocks benefited from the market recovery on Friday to pare back their losses. But prevailing market conditions and profit warnings led to some significant drops for many constituents as of Friday, led by ACI Worldwide, Cognizant, Ingenico and Diebold. This caused the Finextra50 Financial Technology Index to fall 2.58% to 93.28.

Turbulent markets drag Finextra50 down to 96.02

Turbulent markets drag Finextra50 down to 96.02

The Finextra50 Financial Technology Index fell 1.54% last week as investors' concerns that defaults on US subprime mortgages could spread to various other kinds of debt affected stock markets worldwide. Bank stocks and companies viewed as exposed to the sector were particularly hard hit. However, several US companies in the index posted strong gains, including Jack Henry and Online Resources.

Indian IT sector drags Finextra50 down one per cent to 103.95

Indian IT sector drags Finextra50 down one per cent to 103.95

Indian firms mphasis and i-flex led the Finextra50 Index down one per cent last week, as concerns about the stronger rupee's impact reduced investors' earnings expectations. This was tempered by gains from UK fintech companies, including Software Solution Partnership, Microgen and Statpro, which are seeing positive growth outlooks.

Finextra50 ends first week slightly down

Finextra50 ends first week slightly down

The Finextra50 Financial Technology Index closed down .84% at 99.17 on Friday, as fintech stocks in general dipped slightly following the previous week's exuberance.

Finextra launches Finextra50 fintech index

Finextra launches Finextra50 fintech index

The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. Our weekly update on the index's movements will provide a framework for analysing trends in the financial technology market, particularly vendor consolidation - a trend that shows no sign of slowing down.

S1 moves back into the black in Q1

S1 moves back into the black in Q1

US fintech firm S1 Corporation is reporting a profit of $3 million for the first quarter of 2007, compared with a net loss of $444,000 a year ago.

S1 posts Q4 loss; full year profit

S1 posts Q4 loss; full year profit

Following a turbulent year US fintech vendor S1 Corporation has posted heavy losses for Q4 2006 after earnings were hit by restructuring and other charges, but a windfall from the sale of its FRS business helped the company return to full year profitability.

S1 names Johann Dreyer CEO

S1 names Johann Dreyer CEO

Atlanta-based fintech vendor S1 Corporation has named Johann Dreyer, former group president of its Postilion business unit, as its new president and chief executive. News of the appointment comes as the vendor reports a profit in the third quarter after recording a windfall on the sale of its FRS business.

S1 chief James Mahan steps down

S1 chief James Mahan steps down

Struggling US fintech vendor S1 Corporation says its founder, chairman and chief executive James Mahan has retired from the company following a "strategic review" of the business.

S1 sells off FRS subsidiary

S1 sells off FRS subsidiary

Troubled fintech vendor S1 Corporation has sold its FRS subsidiary, which provides risk and regulatory compliance technology to financial services firms, to private equity firm The Carlyle Group and Kennet Partners, a technology investor.

Bendigo, Customers Ltd and MasterCard set up payments processing unit in Oz

Bendigo, Customers Ltd and MasterCard set up payments processing unit in Oz

Australia's Bendigo Bank is teaming with e-payments outfit Customers Limited and MasterCard Asia Pacific to establish a payments processing business in Sydney.

S1 agrees to explore sale

S1 agrees to explore sale

Struggling fintech vendor S1 Corporation has caved in to investor demands to put itself up for sale by agreeing to explore "strategic alternatives to maximise shareholder value".

Investor group calls for S1 sale

Investor group calls for S1 sale

A group of investors that own a 7.2% share of fintech vendor S1 Corporation have called for the sale of the underperforming business.

Bank of America and S1 win patent infringement suit

Bank of America and S1 win patent infringement suit

A federal jury has ruled in favour of Bank of America and S1 Corporation in a patent infringement lawsuit brought against the two companies by New York trade finance firm TradeCard.

S1 slides into the red

S1 slides into the red

US fintech vendor S1 Corporation is reporting a net loss for the year of $1.1m, compared to a profit of $5.6m in 2004, after restructuring costs ate into earnings.

S1 sells Edify business to Intervoice

S1 sells Edify business to Intervoice

S1 Corporation is selling its Edify business, which supplies interactive voice response (IVR) technology to financial firms, to Dallas-based Intervoice for $33.5 million in cash.

S1 cuts jobs; warns of Q3 loss

S1 cuts jobs; warns of Q3 loss

US fintech firm S1 Corporation is cutting eight per cent of its workforce and closing some operations in a bid to reduce annual operating costs by $20m to $22m by the end of the year.

NS&I licenses S1 Web banking platform

NS&I licenses S1 Web banking platform

National Savings and Investments (NS&I), the UK government-backed savings and investments provider, is deploying S1 Corporation's Personal Banking application to support its new online banking services.

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