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Corillian Signs Two New Voyager Special Edition --SE-- Customers; Sterling Financial and U of C Federal Credit Union to Convert from Fiserv/Summit Platforms.


Business Editors

PORTLAND, Ore.--(BUSINESS WIRE)--March 5, 2002

Corillian Corp. (Nasdaq:CORI), a leading global provider of eFinance solutions, today announced that Sterling Financial Corporation (Nasdaq:SLFI), a $1.8 billion multi-bank holding company located in Lancaster, Pa., and U of C Federal Credit Union, a $400 million credit union based in Boulder Colo., will convert to Corillian Voyager Special Edition (SE) to provide enhanced online banking services to their customers and members.

Sterling Financial will replace the Fiserv Internet banking platform with Corillian Voyager SE to provide its retail and small business customers with real-time online access to all of their financial accounts to reconcile account balances, transfer funds and pay bills. Also, customers will have the ability to personalize per·son·al·ize  
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.

2. To attribute human or personal qualities to; personify.
 their financial information through Corillian Personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences.  Manager, and aggregate all of their financial information into one view through Corillian OneSource Register. The Corillian Business Finance Suite will give Sterling Financial's small business customers more options in managing their business finances.

"We 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.
 a solution that could help us expand the functionality of our online offering to both our retail and small business customers," said Kathy Phillips, senior vice president and chief technology officer of Sterling Financial Corporation. "With Corillian's Voyager SE we will be able to significantly enhance our offering with innovative and easy-to-use services that we feel will be of tremendous value to our customers."

U of C Federal Credit Union chose Corillian Voyager SE to give its more than 64,000 members enhanced Internet banking and bill payment services, and provide integration with the Open Financial Exchange (OFX OFX Open Financial Exchange
OFX Outer Fix
OFX Open Effects
) data standard to allow members real-time access to their financial information through personal finance management software like Intuit's Quicken(R) and Microsoft(R) Money.

"We were looking for an Internet banking solution that would offer our members new and innovative online banking services and provide access to all of their financial information with a 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. ," said Bill Sterner, 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 U of C Federal Credit Union. "Corillian provided all of this and more. With Voyager SE, we feel we have a solution that will allow us to provide great services to our members now and allow us to add additional services in the future."

Corillian Voyager SE is a subscription-based ASP service that provides financial institutions with eFinance solutions such as Internet banking, bill payment, customer relationship management functions, and integration with the Open Financial Exchange (OFX) data standard to allow customers real-time access to their financial information through personal finance management software. Hosted in Corillian's state-of-the-art data center, Corillian Voyager SE clients receive the benefit of Corillian's trained staff of technical support professionals, who perform daily monitoring and maintenance of the Voyager SE platform, 24 hours a day, seven days a week.

"The breadth of functionality and services that Corillian Voyager SE provides is unmatched in the industry and will be a great asset for financial institutions like Sterling Financial and U of C Federal Credit Union," said Alex Hart, president of Corillian. "Enhancing their ability to offer more 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.
 online will increase loyalty and help Sterling Financial and U of C Federal Credit Union grow and prosper in highly competitive markets."

About Sterling Financial Corporation

Sterling Financial Corporation now operates 51 banking locations in south central Pennsylvania South Central Pennsylvania is a region of the U.S. state of Pennsylvania that includes the fourteen counties of Adams, Cumberland, Dauphin, Franklin, Huntingdon, Juniata, Lancaster, Lebanon, Mifflin, Northumberland, Perry, Schuylkill, Snyder, and York.  and northern Maryland, through its subsidiary banks, Bank of Lancaster County Lancaster County is the name of four counties in the United States:
  • Lancaster County, Nebraska
  • Lancaster County, Pennsylvania
  • Lancaster County, South Carolina
  • Lancaster County, Virginia
, N.A., Bank of Hanover and Trust Company, First National Bank of North East and Bank of Lebanon County. As of December 31, 2001, total assets of Sterling Financial Corporation were approximately $1.86 billion. Sterling Financial Corporation also owns Sterling Financial Trust Company, which has close to $1 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. .

About U of C Federal Credit Union

U of C Federal Credit Union is a member-owned, not-for-profit banking alternative serving Boulder County and the University of Colorado University of Colorado may refer to:
  • University of Colorado at Boulder (flagship campus)
  • University of Colorado at Colorado Springs
  • University of Colorado at Denver and Health Sciences Center
  • University of Colorado system
. The Credit Union provides lower fees, better rates and personal service throughout a network of branches, ATMs, the Internet and service centers through the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . U of C Federal Credit Union serves over 64,000 members and has more than $400 million in assets. Voted "Best Financial Institution" and "Best Employer" by the readers of the Boulder Daily Camera, U of C Federal Credit Union is committed to the financial success of its member-owners and the entire community. To learn more about U of C Federal Credit Union, visit our Web site at www.uofcfcu.com.

About Corillian Corporation

Based in Oregon, and with international offices in Europe and Asia, Corillian Corporation is an award-winning provider of eFinance-enabling software for the financial services industry. 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.
 2000 platform, Corillian applications support Internet banking, bill delivery and payment, brokerage, customer relationship management, enhanced data aggregation, and small business transactions. Voyager can be deployed on-site at the financial firm or at a secure data center. Corillian technology also enables Open Financial Exchange (OFX) access by finance management software packages such as Quicken(R), QuickBooks(R) and Microsoft(R) Money. For more information about Corillian Corporation, visit the company's Web site at http://www.corillian.com.

Matters discussed in this release may include forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that involve risks and uncertainties, and actual results may be materially different. These matters include Corillian's potential for winning new Corillian Voyager SE deals and ability to successfully implement Corillian Voyager SE for these customers. Factors that could cause actual results to differ include the risk that Corillian Voyager SE does not gain market acceptance, that Corillian encounters difficulties in installing Corillian Voyager SE for these customers, that consumers do not increasingly demand Internet-based financial services and that financial institutions do not continue to demand Internet banking solutions or are affected by adverse government regulations or market conditions. Other risks include those stated in Corillian's reports and other documents filed from time to time with the Securities and Exchange Commission including its report on Form 10-Q Form 10-Q

See 10-Q.
 for the quarter ended September 30, 2001.

Note: Quicken and QuickBooks are registered trademarks of Intuit in·tu·it  
tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem
To know intuitively.



[Back-formation from intuition.
, Inc.
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 5, 2002
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