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When considering options for the new payments solution, Morrisons looked for a system that could process millions of transactions a month reliably and securely, integrate seamlessly with other best-of-breed components, and comply with the necessary EMV and PCI DSS mandates. After a detailed and extensive evaluation process, Morrisons chose the S1 Retail Payments solution because it demonstrated that it could meet all these demands.
S1's multi-channel payments architecture will enable Morrisons to migrate existing disparate payments channels-for in-store tills, self check-out, cafes and dry cleaning, as well as fuel filling stations and unattended fuel payments-into a single, consolidated environment. An S1 till software component will reside on each Morrison point-of-sale, and will integrate with PIN entry devices and Retalix StoreLine applications, which were also selected as part of the program. The solution is currently being rolled out nationally, with the first store already live at Guisborough in Yorkshire.
"When selecting new suppliers for our IT transformation program, we looked for financially healthy and stable market leaders with a track record of comparable and established installations globally," said Gary Barr, IT Director, Morrisons. "We thoroughly evaluated S1 alongside other organizations, and found that they not only offered proven software solutions, but also met all our requirements for a long-term relationship."
Morrisons will also implement S1's central back-office payments component, which provides comprehensive management information and reporting. The system includes improved reconciliation and settlement capabilities and provides back-office staff with a single, real-time, end-to-end view of all transactions.
"We are very proud to have been chosen as the best-of-breed payments software by a market-leading retailer such as Morrisons," said Francois van Schoor, Divisional President, S1. "We continue to gain ground in the retail market where our Retail Payments solution is increasingly seen as reliable, scalable, and easy to integrate. We look forward to working with Morrisons and their other partners to complete the nationwide roll-out."
About Morrisons
Morrisons (http://www.morrisons.co.uk) is the UK's fourth largest food retailer and one of the top 25 food retailers worldwide, with 378 stores, 285 filling stations and 117,000 employees serving ten million customers every week.
About S1
Leading banks, retailers, and processors need technology that adapts to the complex and challenging needs of their businesses. They want solutions that can respond quickly to changes in the marketplace and help grow with their business. For more than 20 years, S1 has been a leader in developing software solutions that deliver a competitive advantage. Over 3,000 organizations worldwide depend on us for payments, online banking, branch banking and lending solutions to power their businesses.
We provide payments solutions for ATM driving, card management, merchant acquiring and retail payments. Our payments customers are located in more than 50 countries and collectively they process over 10 billion transactions annually from 100,000 ATMs and 750,000 POS terminals. We help them increase profitability, strengthen security, maintain compliance and capitalize on new opportunities. S1 can handle a wide variety of payment instruments, technologies and transactions from multiple sales channels. More information is available at www.s1.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.
CONTACT: Daniel Lowther, CCgroup Tel: +44 (0)118 920 7669 Alison Hanley, CCgroup Tel: +44 (0)118 940 2337 e-mail: s1@ccgrouppr.com
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