1 EXHIBIT 99.1 CONTACTS: Financial/Investor: Media: Bob Zwerneman Marcy Theobald Tracey Frederickson Vice President of Investor Relations PR Manager Sr. Account Executive S1 Corporation S1 Corporation Sterling Hager, Inc. 404-812-6225 404-812-6254 617-926-6665 x126 rzwernem@s1.com mtheobal@s1.com tfrederickson@sterlinghager.com S1 CORPORATION COMPLETES ACQUISITION OF EDIFY CORPORATION -- S1 FURTHER EXECUTES ON ITS VISION TO EMPOWER FINANCIAL INSTITUTIONS TO IMPROVE THEIR CUSTOMERS' WORLD -- ATLANTA, GA. - NOVEMBER 11, 1999 -- S1 Corporation (NASDAQ:SONE) today announced that it has completed its acquisition of publicly-held Edify Corporation (NASDAQ: EDFY) of Santa Clara, CA. S1 is incorporating Edify's Internet-based financial services solutions into S1's product family to further enhance S1's comprehensive offerings. Edify's voice e-Commerce business will be marketed under the Edify brand as it maintains its identity as a strategic business unit and wholly-owned subsidiary of S1 Corporation. With the completion of the acquisition, S1 Corporation continues to aggressively execute on its commitment to provide financial institutions with the most comprehensive and innovative online solutions. Under the terms of the agreement entered into on May 16, 1999, S1 Corporation has issued approximately 5.9 million shares of S1 common stock to the former Edify stockholders. S1 also assumed options to purchase Edify common stock, which converted into options to purchase approximately 1.5 million shares of S1 common stock. 10 2 "Through the addition of Edify's highly regarded small business technology, we are continuing to enhance the S1 offering to deliver the most extensive Internet-based solutions in the industry today," said James S. Mahan III, CEO S1 Corporation. "This acquisition demonstrates our ability to anticipate market needs and execute on strategic opportunities that further establish our leadership position." ABOUT S1 CORPORATION S1 (NASDAQ:SONE), the pioneer of Internet banking, is today's leading provider of innovative Internet-based financial services solutions. S1 offers a broad range of applications that empower financial organizations to increase revenue, strengthen customer relationships and gain competitive advantage by meeting the evolving needs of their customers across various lines of business, market segments and delivery channels. Through its professional services organization, S1's applications can be implemented in-house or outsourced to the S1 Data Center. Additional information about S1 is available at http://www.s1.com. # # # 11