Regions Bank Enhances Customer Online Banking Experience with S1 Enterprise

ATLANTA -- Regions Bank is Live with S1 Personal Banking; S1 Business Banking Selected for Small to Mid-Market Commercial Segment

Regions Financial Corporation (NYSE: RF), one of the nation's top 15 financial services providers, has implemented S1 Corporation's (NASDAQ: SONE) leading consumer online banking application, S1 Personal Banking, on open standards-based IBM software and hardware. S1 Personal Banking, one of nine S1 Enterprise applications, enables Regions to offer customers advanced online money management capabilities, extensive self-service banking features, and customized product packages to meet market segment needs.

Additionally, Regions has selected S1 Business Banking as its single online banking application for small to mid-sized businesses. The combination of the two S1 Enterprise applications will provide Regions with a rich, highly functional online solution to meet the more complex online banking needs of today's consumers and business users. With the applications on a single platform, the S1 Enterprise Platform, Regions is able to more efficiently and cost-effectively deploy the applications.

"S1 has truly been not only a vendor, but a strategic adviser to Regions Bank since we first began working together in 1996," said Mike Jackson, president of alternative delivery for Regions. "They have enabled some of our most critical online technology projects.

"With S1 Enterprise, we are now able to effectively enhance our online consumer solution," Jackson said. "And, looking forward, the common platform provided by S1 Enterprise will be an important cornerstone as we extend our services and continue to improve the applications that are critical to our customer interactions."

S1 Personal Banking is a feature-rich application that delivers customer access to account activity, online statements, bill payment, transaction categorization and reporting, account transfers, alerts, and check services. Along with robust customer features, S1 offers a powerful bank administration tool, S1 Application Manager, which delivers enhanced product packaging and segmentation capabilities through its class-of-service feature.

"S1's continuing relationship with Regions, one of the top financial institutions in the United States, demonstrates our company's dedication to working with the leading banks over the long term to enable their key strategic initiatives," said Jaime Ellertson, chief executive officer of S1. "S1 Enterprise applications provide advanced, easy-to-use solutions on a single platform that truly help banks grow revenue, improve customer loyalty, and reduce IT costs. We will continue to work closely with Regions to maximize the value S1 Enterprise can bring to their operations."

S1 Personal Banking was implemented through S1's joint partner relationship with IBM. S1 and IBM have been strategic business partners since 2000. The companies jointly sell and market S1 Enterprise solutions and collaborate on the integration of these solutions with IBM middleware and hardware for financial services providers worldwide.

S1 Enterprise offers nine major applications, 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 Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), headquartered in Birmingham, Ala., is a full-service provider of retail and commercial banking, securities brokerage, mortgage, and insurance products and services. With its merger with former Union Planters Corp. complete, Regions had assets of $84.1 billion as of Dec. 31, 2004, making it one of the nation's Top 15 financial services providers. Regions' banking subsidiaries, Regions Bank and Union Planters Bank, operate some 1,400 offices and a 1,700-ATM network across a 15-state geographic footprint in the South, Midwest and Texas. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from more than 240 offices. Additional information about the new Regions, which is a member of both the Forbes and Fortune 500 and operates one of the Top 20 mortgage companies in the United States, can be found at www.regions.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.

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