Corillian Strengthens Wireless Financial Services Offering Through OEM Agreement With Air2Web.Business Editors PORTLAND, Ore. & ATLANTA--(BUSINESS WIRE)--Aug. 21, 2001 The Golden 1 Credit Union to be first customer of integrated offering - members can transfer funds, check account balances and review transaction history via wireless devices Corillian Corp (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CORI), a leading global provider of eFinance solutions, and Air2Web, a leading wireless platform provider, today announced they have signed an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement to provide U.S. banks, credit unions and other financial institutions with a fully integrated wireless Internet banking solution. Corillian will integrate Air2Web's wireless solution into the Corillian Mobile application that runs on its Voyager Internet banking platform, allowing financial institutions to provide consumers and small businesses with wireless services such as the ability to transfer funds between accounts, check account balances, and review transaction histories via their digital cell phones, pagers and all web-enabled devices, including phones and personal digital assistants (PDAs). The Golden 1 Credit Union, which recently subscribed to Corillian's Voyager SE platform, will be the first customer of the integrated offering. "Corillian is one of the most progressive financial software companies in the industry and the move to incorporate our wireless capability is a natural extension of their Internet banking solution," said Sanjoy Malik, 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 Air2Web. "Their banking and credit union customers can now offer their consumers the convenience of managing their financial accounts anytime, anywhere and from virtually any digital device." Corillian Voyager - the operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. for eFinance(TM) - is a high-performance platform that allows for the delivery of 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. to consumers and small businesses over the Internet. Corillian customers include large financial institutions such as Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , Bank One, Wachovia and SunTrust as well as mid-tier financial institutions like Golden 1, Kinecta Credit Union (formerly Hughes Aircraft Employees Federal Credit Union) and Bank of Stockton. This agreement will give financial institutions the choice of deploying the integrated wireless Internet banking solution on-site or in a secure data center maintained by Corillian or Air2Web. "We focus on helping our financial institution clients to continue leveraging their positions as the trusted financial services providers of choice for consumers and small businesses," said Alex Hart, president of Corillian. "Wireless access will provide even greater value to the suite of eFinance products we provide and will become a competitive advantage for financial institutions of all sizes." Over 27 banks, credit unions and other financial institutions have been wireless-enabled using the Air2Web Platform including Delta Employees Credit Union, Motorola Employees Credit Union-West, Enron Federal Credit Union, NetBank, and ABN AMRO. Additionally, the Mobile Internet Platform has enabled customers such as UPS, DotsConnect, Six Continents Hotels (Crowne Plaza, Holiday Inn), The Weather Channel, and Lexmark International to create, deploy and deliver enterprise applications to their customers and employees using any digital wireless device including Short Message Service (SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. ) and web-enabled phones, personal digital devices (PDAs), and pagers. About Air2Web Air2Web's Mobile Internet Platform, which can be installed behind the customer's firewall or hosted by Air2Web, provides the most powerful, flexible, and comprehensive technology for wirelessly enabling corporate data across any carrier, network or device. This includes critical back-end solutions such as EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. , SFA See sales force automation. SFA - Sales Force Automation , CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. systems. Air2Web's customers comprise the largest number of enterprises with the highest-volume production applications including UPS, ABN AMRO, Delta Employees Credit Union, Lexmark International, Six Continents Hotels, The Weather Channel, ADC Telecommunications, CBS (Cell Broadcast Service) See cell broadcast. SportsLine, and other leading finance, travel & hospitality, media & entertainment, health care, retail, and, transportation companies. For more information about Air2Web, please visit http://www.air2web.com. About Corillian Corporation Based in Oregon, and with international offices in Europe, Asia and Australia, Corillian Corporation is an award-winning provider of eFinance-enabling software for the financial services industry. Built on the Microsoft Windows 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 in the state-of-the-art Corillian Data Center. Corillian technology also enables Open Financial Exchange (OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects ) access by finance management software packages such as Quicken(R), QuickBooks(R) and Microsoft(R) Money. For more information about Corillian Corporation, visit our Web site at www.corillian.com. Matters discussed in this release may include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. These matters include Corillian's ability to build an integrated solution with Air2Web and to successfully market that solution to financial service providers. Factors that could cause actual results to differ include the risk that Corillian encounters significant problems or delays in developing the integrated solution, that Corillian encounters problems in implementing the integrated solution or supporting customers using the integrated solution, that consumers do not increasingly demand Internet-based financial services, such as wireless banking, 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 March 31, 2001. Note: Quicken and QuickBooks are registered trademarks of Intuit, Inc. |
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