Press Release
GENERATED SYSTEMS ANNOUNCES A DISTRIBUTION AGREEMENT WITH S1 ENTERPRISE FOR GENERATED SYSTEMS’ ARP TRANSLATOR PRODUCT
Atlanta, GA, April 15, 2008 – Generated Systems, a leading provider of innovative software solutions for banks, today announced that S1 Enterprise signed a distribution agreement for its ARP Translator™ product. S1 Enterprise, a division of S1 Corporation, is a leading provider of multi-channel financial services software.
ARP Translator, a component of Generated Systems’ Business Banking Desktop™, allows a bank to target small business and middle market customers for Positive Pay. ARP Translator directly integrates with QuickBooks®, and can automatically retrieve check issue data according to a customer defined schedule. When the check issues are retrieved, they are translated into the bank’s standard format and sent directly to S1 Enterprise servers. ARP Translator supports other accounting systems via preset rules.
“S1 Enterprise recognizes that banks selling check fraud prevention services to the small business market will find that these companies do not have the time or technical resources to provide data in the bank’s format,” said Neil Underwood, General Manager of S1 Enterprise Americas. “The addition of Generated Systems’ ARP Translator to S1 Enterprises’ product line will give our banks a powerful tool which automates the collection, translation and transmission of check issue data stored in QuickBooks. This will save businesses time and protect them from check fraud.”
“We are very excited about signing the distribution agreement with S1 Enterprise because we feel that the ARP Translator combined with S1’s Internet and mobile Positive Pay solutions provide banks the best way prevent check fraud for small business.” said Edward J. Gainer, President and Co-founder of Generated Systems. “ARP Translator is just one example of how Generated Systems’ Business Banking desktop can be leveraged to provide innovative multi-channel e-banking solutions for small and midsized businesses.”
The ARP Translator™ is available for general distribution and is a component of the Generated Systems’ Business Banking Desktop™.
About S1 Enterprise:
More than 100 banks and three million consumer, small business, and corporate users worldwide rely on S1 Enterprise solutions to access and manage their financial information. A division of S1 Corporation, S1 Enterprise is a leading provider of integrated banking solutions that deliver financial service providers a holistic view of their customers whether online, in the branch or in the call center. Additional information about S1 Enterprise is available at http://www.s1enterprise.com/ .
About Generated Systems Technologies, Inc:
Generated Systems is a leading vendor of innovative e-banking software products for banks and financial institutions. Generated Systems’ product offering is comprised of electronic payment solutions designed to address the high volume payment needs of large corporations and correspondent banks. Generated Systems combines a unique product and service offering with a team that has decades of experience developing and integrating e-banking software products. Generated Systems’ staff has specified and developed TTY, PC, Internet and Fax based banking applications dating back to the late seventies. For more information please visit www.generatedsystems.com.
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