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Article: Royal Bank of Canada Signs $50 Million Agreement with Security First Technologies.
- Article from:
- PR Newswire
- Article date:
- February 25, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Canada's Largest Bank Commits to License
S1's Applications for Canadian Customers
ATLANTA, Feb. 25 /PRNewswire/ -- Security First Technologies Corporation, or S1, (Nasdaq: SONE), a leading provider of Internet-based applications for the financial services industry, announced today that Royal Bank of Canada will implement S1's entire suite of Virtual Financial Manager(TM) (VFM) software. In keeping with Royal Bank's view of e-commerce as a strategic business imperative, the bank is making a strategic commitment to the S1 platform by agreeing to pay software license and development fees of $50 million over the next five years. As part of the agreement, ...