SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K
                                 CURRENT REPORT


                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



     Date of Report (Date of earliest event reported): September 21, 1999


                    SECURITY FIRST TECHNOLOGIES CORPORATION
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)



           DELAWARE                  000-24931                58-2395199
           --------                  ---------                ----------
 (State or other jurisdiction       (Commission              (IRS Employer
       of incorporation)            File Number)           Identification No.)



       3390 PEACHTREE  ROAD, NE, SUITE 1700,  ATLANTA, GEORGIA 30326
       -------------------------------------------------------------
                    (Address of principal executive offices)



       Registrant's telephone number, including area code: (404) 812-6200
                                                           --------------

                                 NOT APPLICABLE
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

<PAGE>



ITEM 5.  OTHER EVENTS.

                   On  September   22,   1999,   Security   First   Technologies
Corporation, or S1, announced, in a press release attached as Exhibit 99.1, that
it had entered into new  agreements  for its Belgian  subsidiary to acquire FICS
Group, N.V. In doing so, that certain Share Purchase Agreement,  dated as of May
16,  1999,  entered  into by and  among S1  Europe  Holdings  N.V.,  each of the
stockholders  and  bondholders  of FICS Group N.V.  listed on the signature page
thereto,  and for the limited  purposes stated therein,  S1 and FICS Group N.V.,
and that certain Stock  Purchase  Agreement,  dated as of May 16, 1999,  entered
into by and among S1, the individuals  identified on Schedule 1 thereto and FICS
Group N.V. (for the limited  purposes set forth in Section 5 and Section  6.3(b)
thereof) were both terminated.

                   The new  agreements  include a Share  Purchase  Agreement II,
dated as of  September  21, 1999,  entered into by and among S1 Europe  Holdings
N.V., each of the  stockholders of FICS Group N.V. who are signatories  thereto,
and as may be  joined  by other  stockholders  from  time to  time,  and for the
limited  purposes  stated therein,  S1 and FICS Group N.V., and a Stock Purchase
Agreement II, dated as of September 21, 1999,  entered into by and among S1, the
individuals  and entities who are signatories  thereto,  and as may be joined by
other  individuals and entities from time to time, and FICS Group N.V., (for the
limited  purposes  set forth in Section 5 and  Section  6.3(b)  thereof).  These
documents are attached as Exhibits 2.1 and 10.1 respectively.


<PAGE>

ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS.

(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibits.



         EXHIBIT
           NO.             DESCRIPTION
           ---             -----------

        2.1                Share  Purchase  Agreement  II by and among S1 Europe
                           Holdings N.V., a Belgian corporation and a subsidiary
                           of  Security  First  Technologies  Corporation,   the
                           stockholders  of FICS Group N.V. who are  signatories
                           thereto,  and as may be joined by other  stockholders
                           from  time to  time,  and for  the  limited  purposes
                           therein,  Security First Technologies Corporation and
                           FICS Group N.V., dated September 21, 1999.

        10.1               Stock  Purchase  Agreement  II by and among  Security
                           First Technologies  Corporation,  the individuals and
                           entities who are signatories  thereto,  and as may be
                           joined by other individuals and entities from time to
                           time,  and FICS Group N.V.  for the limited  purposes
                           set forth therein, dated September 21, 1999.

        99.1               Press Release dated September 22, 1999.

<PAGE>


                                   SIGNATURES

                   Pursuant to the  requirements of the Securities  Exchange Act
of 1934,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                    SECURITY FIRST TECHNOLOGIES CORPORATION
                                    (Registrant)

                                    /s/Robert F. Stockwell
                                    ---------------------------------------
                                    Robert F. Stockwell
                                    Chief Financial Officer and Treasurer




Date: September 22, 1999

<PAGE>


                                  EXHIBIT INDEX



         Exhibit
         No.               Description
         ---               -----------


        2.1                Share  Purchase  Agreement  II by and among S1 Europe
                           Holdings N.V., a Belgian corporation and a subsidiary
                           of  Security  First  Technologies  Corporation,   the
                           stockholders  of FICS Group N.V. who are  signatories
                           thereto,  and as may be joined by other  stockholders
                           from  time to  time,  and for  the  limited  purposes
                           therein,  Security First Technologies Corporation and
                           FICS Group N.V., dated September 21, 1999.

        10.1               Stock  Purchase  Agreement  II by and among  Security
                           First Technologies  Corporation,  the individuals and
                           entities who are signatories  thereto,  and as may be
                           joined by other individuals and entities from time to
                           time,  and FICS Group N.V.  for the limited  purposes
                           set forth therein, dated September 21, 1999.

        99.1               Press Release dated September 22, 1999.
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 6534}]
{"company-data": {"conformed-name": "SECURITY FIRST TECHNOLOGIES CORP", "cik": "0001063254", "assigned-sic": "7370", "irs-number": "582395199", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24931", "film-number": "99715914"}, "business-address": {"street1": "3390 PEACHTREE ROAD NE", "street2": "SUITE 1700", "city": "ATLANTA", "state": "GA", "zip": "30326", "phone": "4048126300"}, "mail-address": {"street1": "3390 PEACHTREE ROAD NE", "street2": "SUITE 1700", "city": "ATLANTA", "state": "GA", "zip": "30326"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

     Date of Report (Date of earliest event reported): September 21, 1999

                    SECURITY FIRST TECHNOLOGIES CORPORATION
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)

           DELAWARE                  000-24931                58-2395199
           --------                  ---------                ----------
 (State or other jurisdiction       (Commission              (IRS Employer
       of incorporation)            File Number)           Identification No.)

       3390 PEACHTREE  ROAD, NE, SUITE 1700,  ATLANTA, GEORGIA 30326
       -------------------------------------------------------------
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (404) 812-6200
                                                           --------------

                                 NOT APPLICABLE
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)
ITEM 5.  OTHER EVENTS.

                   On  September   22,   1999,   Security   First   Technologies
Corporation, or S1, announced, in a press release attached as Exhibit 99.1, that
it had entered into new  agreements  for its Belgian  subsidiary to acquire FICS
Group, N.V. In doing so, that certain Share Purchase Agreement,  dated as of May
16,  1999,  entered  into by and  among S1  Europe  Holdings  N.V.,  each of the
stockholders  and  bondholders  of FICS Group N.V.  listed on the signature page
thereto,  and for the limited  purposes stated therein,  S1 and FICS Group N.V.,
and that certain Stock  Purchase  Agreement,  dated as of May 16, 1999,  entered
into by and among S1, the individuals  identified on Schedule 1 thereto and FICS
Group N.V. (for the limited  purposes set forth in Section 5 and Section  6.3(b)
thereof) were both terminated.

                   The new  agreements  include a Share  Purchase  Agreement II,
dated as of  September  21, 1999,  entered into by and among S1 Europe  Holdings
N.V., each of the  stockholders of FICS Group N.V. who are signatories  thereto,
and as may be  joined  by other  stockholders  from  time to  time,  and for the
limited  purposes  stated therein,  S1 and FICS Group N.V., and a Stock Purchase
Agreement II, dated as of September 21, 1999,  entered into by and among S1, the
individuals  and entities who are signatories  thereto,  and as may be joined by
other  individuals and entities from time to time, and FICS Group N.V., (for the
limited  purposes  set forth in Section 5 and  Section  6.3(b)  thereof).  These
documents are attached as Exhibits 2.1 and 10.1 respectively.
ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS.

(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibits.

         EXHIBIT
           NO.             DESCRIPTION
           ---             -----------

        2.1                Share  Purchase  Agreement  II by and among S1 Europe
                           Holdings N.V., a Belgian corporation and a subsidiary
                           of  Security  First  Technologies  Corporation,   the
                           stockholders  of FICS Group N.V. who are  signatories
                           thereto,  and as may be joined by other  stockholders
                           from  time to  time,  and for  the  limited  purposes
                           therein,  Security First Technologies Corporation and
                           FICS Group N.V., dated September 21, 1999.

        10.1               Stock  Purchase  Agreement  II by and among  Security
                           First Technologies  Corporation,  the individuals and
                           entities who are signatories  thereto,  and as may be
                           joined by other individuals and entities from time to
                           time,  and FICS Group N.V.  for the limited  purposes
                           set forth therein, dated September 21, 1999.

        99.1               Press Release dated September 22, 1999.
SIGNATURES

                   Pursuant to the  requirements of the Securities  Exchange Act
of 1934,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                    SECURITY FIRST TECHNOLOGIES CORPORATION
                                    (Registrant)

                                    /s/Robert F. Stockwell
                                    ---------------------------------------
                                    Robert F. Stockwell
                                    Chief Financial Officer and Treasurer

Date: September 22, 1999
EXHIBIT INDEX

         Exhibit
         No.               Description
         ---               -----------

        2.1                Share  Purchase  Agreement  II by and among S1 Europe
                           Holdings N.V., a Belgian corporation and a subsidiary
                           of  Security  First  Technologies  Corporation,   the
                           stockholders  of FICS Group N.V. who are  signatories
                           thereto,  and as may be joined by other  stockholders
                           from  time to  time,  and for  the  limited  purposes
                           therein,  Security First Technologies Corporation and
                           FICS Group N.V., dated September 21, 1999.

        10.1               Stock  Purchase  Agreement  II by and among  Security
                           First Technologies  Corporation,  the individuals and
                           entities who are signatories  thereto,  and as may be
                           joined by other individuals and entities from time to
                           time,  and FICS Group N.V.  for the limited  purposes
                           set forth therein, dated September 21, 1999.

        99.1               Press Release dated September 22, 1999.