Stock Watch: Latin American Expansion Agreement Lifts S1

S1 Corp. (Nasdaq: SONE) jumped 3 15/16 to 32 7/8 Monday after the Internet banking company announced an agreement with Unisys Corp. to serve Latin American financial institutions.

S1 General Manager Charles W. Ogilvie called the agreement “an important milestone” in the company’s plan to become the standard platform for Internet-based financial services.

The Atlanta, Georgia-based S1 said it will be able to use Unisys’ presence in Latin America to gain a foothold in the region. Unisys has been doing business in Latin America for more than 75 years.

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