Corillian Corporate Banking Recognized as `Most User Friendly' Online Corporate Banking Application; HighQuest Partners Identifies Corillian's Leadership in Responding to Unmet Needs of Usability within Corporate Banking.PORTLAND, Ore. -- Corillian Corp. (Nasdaq:CORI), the top provider of online banking solutions to leading financial institutions, today announced that HighQuest Partners, a leading industry research firm based in Boston, Mass., has recognized Corillian Corporate Banking for its ease of use with an award for the 'Most User Friendly Client Interface.' Corillian Corporate Banking was also ranked as one of the top three vendors for serving the mid-sized bank market. In a recent report from HighQuest Partners, entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: , "Innovation in Cash Management: Delivering Customers the Solutions They Need," Corillian Corporate Banking was recognized for its easy to use interface and advanced functionality. Corillian received 'A' grades within its report card for its deployment options, solution usability, innovation and ability to offer multiple solutions from a single, integrated platform. "Corillian Corporate Banking leverages consumer banking best practices with advanced cash management functionalities, enabling a simple user interface not found in most other solutions," said Christine Barry, senior analyst at HighQuest Partners. "Corillian also brings a new approach to the cash management space by focusing on ease of use and addressing some of the concerns currently existing in the marketplace. Banks 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. a single vendor to meet both their retail and business banking needs are likely to consider Corillian, as are those looking for scalability and real time interfaces." Corillian Corporate Banking provides financial institutions a way to deliver a complete set of online money movement services to corporations. Corillian Corporate Banking integrates seamlessly and in real-time with financial institution back-office systems. As a result, corporations can make treasury management decisions based on reliable, up-to-date information, and act on them instantly. "We are pleased to see continued industry validation of our strategy to provide a best-in-class online corporate banking solution leveraging best practices in usability," 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. "As more corporations turn to the online channel to manage their finances, this usability approach enables financial institutions to more cost effectively provide new and compelling online services to meet the growing needs of this market segment. Corillian has recognized this advantage and is focused on this strategy." Key features within Corillian Corporate Banking include: --Information Reporting - Real-time access to a complete view of account summary detail, image-enabled intraday Intraday Another way of saying "within the day." Notes: This term is often used for the new highs and lows of a security. For example, "a new intraday high" means a security reached a new all-time high throughout the trading day, but then fell by closing. reporting for lockbox Lockbox A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to. and controlled disbursement Controlled disbursement A service that provides for a single presentation of checks each day (typically in the early part of the day). , as well as intraday reporting for ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to , wire, foreign currency rates and Electronic Data Interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ). --Deposit/Loan Management - Integrated management of information for commercial deposits and loans, stop payments, account transfers and positive pay --Domestic e-Payments - Ability to initiate ACH/Wire transfers and electronic bill payments, including universal money movement, as well as automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. sweep instructions --Global Trade Services - Ability to initiate cross-border ACH and international wire transfers, foreign exchange and letters of credit --Enterprise Administration and Notifications - Allows corporations to delegate A person who is appointed, authorized, delegated, or commissioned to act in the place of another. Transfer of authority from one to another. A person to whom affairs are committed by another. A person elected or appointed to be a member of a representative assembly. authority and access to employees based on their roles and responsibilities within the organization. Proactive notifications keep managers informed of financial conditions, improving the efficiency of the time-critical cash management process. --Customer Care - Self-service and help functions for changing billing addresses, friendly account names, previewing bank e-statements and account analysis statements, as well as access to industry benchmarking and market/bank rates. About Corillian Corporation Corillian is the top provider of online banking, bill payment and fraud prevention applications to leading financial institutions. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business. 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 OFX Open Financial Exchange OFX Outer Fix OFX Open Effects . Empowered with 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. |
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