PORTLAND, Ore.--(BUSINESS WIRE)--July 11, 2006--Corillian Corp. (Nasdaq:CORI), the top provider of online banking, bill payment and anti-fraud solutions to the financial services industry, today announced that International Bancshares Corporation (IBC), a $10.5 billion multi-bank holding company headquartered in Laredo, Texas, has successfully launched a new online corporate banking service powered by Corillian Corporate Banking.
Expanding on the success of its consumer online banking service built on the industry-leading Corillian Voyager platform, IBC partnered with Corillian to deliver next-generation online services to its corporate customers. Leveraging Corillian Corporate Banking, IBC's customers now have secure, real-time access to all of their financial and money management access in one integrated view. Corillian Corporate Banking is also deployed on the same platform as IBC's consumer banking offering, driving greater efficiencies and a lower total cost of ownership.
"We are excited about the launch of our new online corporate services in partnership with Corillian," said Dennis E. Nixon, president & CEO of International Bancshares Corporation. "We wanted to provide a greater online banking experience for our corporate customers. Through Corillian Corporate Banking, our customers now can easily access all of their accounts in one single view, allowing them to make key management decisions based on reliable, up-to-date information. Corillian has been a key strategic partner for us in the online channel and we look forward to continued success together."
Corillian Corporate Banking provides IBC's corporate customers with an integrated view of all of their financial information in a single sign-on application. Corillian Corporate Banking seamlessly interfaces in real time with IBC's back-end systems and satisfies the corporation's cash management functions with unparalleled ease of use. Key features and benefits available in Corillian Corporate Banking include:
-- Comprehensive information reporting -- Real-time access to rich financial data, including: deposit and loan balances, controlled disbursement, wholesale lockbox, and ACH/Wire activity reports.
-- Robust money movement -- Access to a wide variety of money movement and account transfer capabilities, including various ACH and wire services.
-- Account approvals and reconciliation -- Unique access management service enables corporations to quickly view and take action on all pending transactions for approval in a consolidated screen. Corporations can seamlessly reconcile their accounts through a complete positive pay system.
-- Other innovative services -- In-depth customer care solution to enable customer service and sales representatives to easily interact with corporations, and unique self-service functions such as stop payments, eStatements and alerts.
"Corporations are looking for the same type of online experience and access to information they get from online financial portals or in their consumer banking accounts," said Alex Hart, president & CEO of Corillian. "Corillian Corporate Banking enables IBC to provide accurate, real-time information to its corporate customers in an easy-to-use online interface. This advanced online experience gives IBC a key competitive advantage in the markets that it serves."
About International Bancshares Corporation
IBC is a $10.5 billion multi-bank financial holding company headquartered in Laredo, Texas, with more than 200 facilities and more than 330 ATMs serving more than 90 communities in Texas and Oklahoma.
About Corillian Corporation
Corillian is the market leader of online banking, bill payment and fraud prevention applications to the financial services industry. With 28 of the top 100 U.S. banks and 20 of the top 100 U.S. credit unions as customers, Corillian serves over 25 percent of the online banking community. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world. Corillian features integrated applications across Consumer Banking, Small Business Banking, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise-wide solutions, including Fraud Detection, Payments Warehouse, Alerts, eStatements, and OFX. Corillian's fraud prevention solutions use Preemptive Forensics(TM) to protect web sites 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 Web site at http://www.corillian.com.
Contacts
Corillian Corp.
Steve Shaw, 503-629-3770
sshaw@corillian.com
or
Text 100 Public Relations
Hally Wax, 206-267-2003
corillian@text100.com
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