Commercial Federal Delivers Real-Time Online Banking and Lowers Costs with Corillian; Corillian Voyager 3.0 Platform and Payments Warehouse Power Enhanced Online Service.Business Editors/High-Tech Writers PORTLAND, Ore.--(BUSINESS WIRE)--Aug. 26, 2003 Corillian Corp. (Nasdaq:CORI) a premier provider of enterprise software and services for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, today announced that Commercial Federal Bank, a $12.9 billion bank headquartered in Omaha, Neb., has successfully converted its online banking customers to the Corillian Voyager Voyager, airplane Voyager, the first airplane to circumnavigate the earth nonstop on a single load of fuel. Designed by Burt Rutan and flown by Dick Rutan and Jeana Yeager, Voyager took off from California on Dec. 3.0 platform. Commercial Federal's online banking customers now have real-time access to all of their accounts and enhanced online features to make online banking easier and more convenient. Corillian Voyager, which is hosted in Corillian's state-of-the-art data center, meets the demands of Commercial Federal's online customers for real-time account information and seamless, single sign-on An identification system that lets users log into multiple Web sites on the Internet with one username and password. Single sign-on systems are also used within an enterprise, enabling users to access all authorized resources in the local network using the same username and password. access to all of their financial products and services. Now, online customers can view transactions immediately and link directly to other account information like mortgages, bill payments and credit cards. Also, through the Corillian Payments Warehouse and Corillian Server Side Register applications, Commercial Federal customers now have access to enhanced bill payment capabilities and an online check register for better management of their personal financial information. "We have received very positive feedback on the new service since migrating to the Corillian Voyager platform," said Karen Baldwin, director of alternate delivery at Commercial Federal Bank. "The real-time account validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. and seamless online user experience are exactly what our customers were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. from our online banking service. The performance and flexibility of the Corillian Voyager platform has enabled us to deliver a world-class online banking experience for our customers. We've seen a 12 percent growth in our online banking customers in just three months since migrating to the Corillian Voyager platform." The Corillian Payments application, which includes the Corillian Payments Warehouse, allows Commercial Federal to deliver comprehensive Internet payment capabilities to its customers and streamline the method of processing electronic payments. Corillian Payments supports Commercial Federal's goal of processing more than 50 percent of its payment transactions electronically, which will significantly reduce costs and provide more convenience to its customers. "The benefits that Commercial Federal is seeing in the online channel through the Corillian Voyager platform is a testament to the superior value, flexibility and performance of the Corillian Voyager platform," said Alex Hart, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Corillian Corporation. "Also, the Corillian Payments Warehouse is providing Commercial Federal with increasing control of their payment stream, resulting in reduced costs, greater flexibility and the opportunity to offer new payment products as their online bill payment populations continue to increase. Through this customer responsiveness, our financial institution clients are able to attract and retain new online customers, increase revenue opportunities and reduce service costs." About Commercial Federal Bank Commercial Federal is a $12.9 billion federal savings bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks that currently operates branches located in Nebraska, Missouri, Kansas, Iowa, Colorado, Oklahoma, Arizona and Minnesota. Commercial Federal operations include consumer and commercial banking, mortgage banking, commercial lending, insurance and investment services and Internet banking. Commercial Federal's Web site can be accessed at www.comfedbank.com. About Corillian Corporation Corillian is a premier provider of enterprise software and services for the financial services industry. Empowered with Corillian solutions, some of the world's most visionary 1. visionary - One who hacks vision, in the sense of an Artificial Intelligence researcher working on the problem of getting computers to "see" things using TV cameras. (There isn't any problem in sending information from a TV camera to a computer. financial institutions provide their customers with the tools to manage their finances more effectively. Built on the Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. Server System, the Windows .NET framework, and utilizing XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , Corillian's solutions are unmatched in reliability and performance, and successfully scale at some of the world's largest financial institutions. Corillian's proven solutions enable financial institutions to deliver innovative services enterprise-wide, across multiple delivery channels and multiple lines of business. The Corillian Voyager platform provides secure and scalable account access and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. for a wide variety of applications built by Corillian's expert software developers, by Corillian-certified partners, and by the in-house development organizations of some of the world's best financial institutions. For more information about Corillian Corporation, visit the company's Web site at http://www.corillian.com. |
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