FRS RISKRESOLVE IMPLEMENTED AS CORNERSTONE NETBANK, INC.’S SOX COMPLIANCE AND ORM STRATEGIES

-- Software to Increase Efficiency of Administering Compliance Processes and Internal Controls Across the Organization and Its Lines of Business --

Littleton, Mass. – April 10, 2006 – FRS, a leading global provider of enterprise risk and regulatory compliance solutions and a business unit of S1 Corporation (Nasdaq:SONE), today announced that NetBank, Inc. (Nasdaq:NTBK) is currently implementing the FRS RiskResolve solution as the foundation of its Sarbanes-Oxley (SOX) compliance strategy. The diversified financial services provider will utilize RiskResolve to automate SOX testing and attestation in a single application in order to streamline its compliance efforts and achieve greater transparency across the enterprise. NetBank will also extend its use of the FRS solution beyond compliance to enterprise operational risk management (EORM) during the next phased deployment of RiskResolve to the business unit owners. RiskResolve’s automated COSO approach will enable NetBank to align risk assessments, controls and actions to its reporting procedures throughout the organization and establish compliance and operational risk management as sustainable business processes.

“The RiskResolve deployment is an important element of our on-going SOX compliance strategy,” said Joyce Bellows, Director of SOX and Internal Controls, NetBank, Inc. “We believe that the solution is uniquely qualified to give us unprecedented insight into our business processes and risk scenarios, and to help ensure that our financial reporting and disclosures are accurate and complete.”

RiskResolve will facilitate NetBank’s corporate governance process by identifying, aggregating, assessing and escalating risks, and enabling managers to take action on business risks anywhere in the organization within or across the bank’s lines of business. NetBank will rely on the FRS solution to simplify the complexity of administering compliance processes and internal controls by automating and streamlining tasks, actively directing workflow and providing senior executives and business managers with real-time status.

Bellows added, “With RiskResolve, we will also be able to easily populate information for SOX within a proven EORM framework that will make available to our business managers critical data they need for risk and control self-assessment. To facilitate the deployment of RiskResolve across our organization, we’ve imported information already submitted as part of our internal SOX compliance efforts into the FRS solution. By obtaining greater, easier access to this data, the SOX compliance effort will be streamlined, while further enhancing NetBank’s risk management functions.”

FRS RiskResolve is an enterprise software solution that provides a unified, consistent framework for defining, measuring and managing risks, internal controls and compliance mandates, while systematically enabling financial institutions to reduce their operational losses. The industry’s first EORM and compliance solution that tightly integrates Risk and Control Self-Assessment and Loss Event data capture, RiskResolve provides a closed-loop approach to measuring assessed risk exposures against actual operational loss results. With built-in capability to support SOX, Basel II, FDICIA, Graham Leach Bliley and Anti-Money Laundering, RiskResolve reduces control redundancies across organizations and allows customers to utilize the control information obtained as part of compliance initiatives to enhance risk management and identify process improvement activities.

“The NetBank deployment exemplifies the RiskResolve solution’s ability to support multiple compliance initiatives,” said Edward Shea, Director Product Strategy, Risk and Regulatory Compliance, FRS. “RiskResolve customers gain a single, risk governance and compliance framework for automating and managing compliance with regulatory mandates such as SOX and Basel II, and establishing a highly effective control and risk management discipline across the enterprise. Institutions can leverage the solution to extend the data garnered from compliance initiatives to drive tangible business value as part of an overall ORM strategy and ‘bridge’ finance and risk practices.”

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