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Corillian Recognized as "The Leader" in Small Business Banking by Celent, LLC.
Online Banking Provider Is Ranked Ahead of All Other Financial Services Vendors in Three Out of Four Categories
PORTLAND, Ore. -- Corillian Corp. (NASDAQ:CORI), the top provider of online banking, payment and security solutions to the financial services industry, today announced it has been recognized as the `leader` in small business banking by Celent, LLC, a leading financial services IT and strategy research firm.
In a February 2007 report entitled, "High Tech Keys to Small Business Banking: Upgrading the Online Channel," Celent undertook a vendor evaluation applying its ABCD Vendor View analysis to online small business banking providers. A series of 11 vendors` offerings were reviewed across four distinct categories: Advanced technology, Breadth of functionality, Customer base and Depth of services.
"Across three dimensions (Advanced technology, Breadth of functionality and Depth of services) Corillian stands out as the leader, having scored the highest in each dimension," said Alenka Grealish, banking manager at Celent, LLC and co-author of the report. "Corillian is one of the few vendors which has tailored a product specifically for small businesses. Corillian drew from its retail Internet banking experience and hence excels in usability and it has been successfully selling its small business application to current Corillian Consumer Banking customers."
The Celent analysis gives Corillian the highest marks in categories charting interoperability, security, performance usability (including reporting) and general implementation. The report also highlights Corillian`s excellence at building flexible, reliable and secure online banking applications.
"We are thrilled to be recognized by Celent as the small business banking leader," said Alex Hart, president and CEO of Corillian. "Corillian Small Business Banking draws from our wealth of experience in retail internet banking to help financial institutions satisfy the functionality needs of small businesses while delivering an industry-leading online banking experience. By delivering small business on the same platform as retail banking and other solutions, we enable financial institutions to deliver a seamless and comprehensive offering to all of their customers, which increases efficiencies and helps drive down the total cost of ownership."
Corillian Small Business Banking is a comprehensive, high-performance online banking application enabling institutions to attract and retain small business customers. Corillian Small Business Banking lets small business owners focus on growing their businesses, with the confidence that their finances are accessible anytime, anywhere and through any device.
Key Corillian Small Business Banking features and options include:
* Online Enrollment: Allows small business customers to enroll in Internet banking directly from the financial institution`s web site.
* Secure Single Sign-on: Corillian Small Business Banking gives small businesses the power and convenience of seeing their complete financial relationship from a single log-in.
* Tiered Authority: Allows small business owners to set up secondary user accounts for employees or trusted partners. Tiered authority lets owners control access by secondary users to ensure that unauthorized transactions are not allowed.
* Real-time Alerts: Corillian Small Business Banking provides up-to-date alerts for balance thresholds, successful or unsuccessful payments, payment due information, and transactions requiring approval and can be sent to any e-mail address--including those of cellular phones and wireless PDAs.
* Online Financial Management: Corillian Small Business Banking provides an online check register that aids in small business customer retention. Customers can annotate their transactions and assign them to categories (e.g. payroll, office supplies, rent) and run reports to compare their expenditures to a budget or to complete forms at tax time.
* QuickBooks[TM] Integration via OFX: Corillian Small Business Banking uses the OFX protocol to connect the financial institution seamlessly to this critical tool. Small businesses can download real-time account information, and full synchronization capability ensures smooth, error-free download to multiple clients.
For more details on the report, please visit Celent`s web site at http://www.celent.com.
About Corillian Corporation
Corillian is the market leader of online banking, payment and security solutions to the financial services industry. With 30 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions as customers, Corillian serves over 35 million online banking end users. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, as well as an extensive set of integration solutions to enable seamless connectivity between legacy systems and Web and database applications. Corillian features integrated applications across Consumer Banking, Small Business Banking, Business and Consumer Payments, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Alerts, eStatements, and OFX. Corillian`s fraud prevention solutions use Preemptive Forensics[TM] to protect websites from phishers, hackers, and fraudsters. Corillian`s strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world`s most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely. For more information about Corillian Corporation, visit the company`s website at http://www.corillian.com.
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