ATLANTA and FORT WAYNE, Ind. — S1 Corp. and Professional Federal Credit Union have teamed up to bring business members the ability to manage their business accounts online.

The five-year contract for use of S1′s IBS Cash Management product aims to enable members of the $239 million credit union to manage ACH initiation and origination, wire transfers, bill payments, tax payments, and payroll through an online, real-time interface.

"To offer competitive services for our business members, we knew we had to go beyond the services available through a conventional consumer Internet banking product," said Angela Peterson, PFCU vice president, commercial services. "We sought a solution that is easy to implement and easy-to-use yet sophisticated enough to meet the needs of most businesses." Peterson said security is also an "extremely important" factor for the credit union and members and S1′s capabilities will allow secure bill payments, wire transfers and other online services. S1 IBS Cash Management's solution also provides PFCU with entitlements, multifactor user authentication, and online cash management functions, she added.

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