Corillian and NCR Announce Strategic Partnership.Business Editors/Technology Writers PORTLAND, Ore.--(BUSINESS WIRE)--March 1, 2001 Corillian Corp. (Nasdaq:CORI), a leading global provider of eFinance solutions, and NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. (NYSE NYSE See: New York Stock Exchange :NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers ) today announced the signing of a multi-year reseller agreement to deliver comprehensive eFinance solutions for financial institutions in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Under the terms of the agreement, NCR will sell Corillian's Voyager platform as its preferred retail Internet banking offering for mid to large-sized financial institutions 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 comprehensive, scalable eFinance solution. NCR's Internet banking service is run in a managed server model and targeted for financial institutions looking to outsource, rather than deploy Corillian's Voyager on-site. "We conducted extensive scalability and ease-of-use testing of the major Internet banking packages and Corillian's Voyager came out on top," said Greg Hanson, general manager of eCommerce Solutions, NCR. "This agreement will help enhance NCR's Internet banking offering to mid-to-large sized financial institutions." 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 customers over the Internet by providing a link between a financial institution's legacy host system and its consumers, using Internet browsers, personal financial management programs and Internet-ready wireless devices. Voyager's open architecture design allows the institution to quickly integrate emerging technologies, deploy the platform in-house or in a secure data center, and customize the entire Internet banking presentation to its customers. "NCR's vast experience in working with financial institutions on delivering enhanced Internet banking solutions made them the perfect partner for us," said Ted Spooner, chief executive officer of Corillian. "This experience is critical in the eFinance industry as financial institutions are looking for ways to take advantage of the Internet as a compelling delivery channel. We are excited about the possibilities that this partnership will bring to the industry." 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 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 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 the company's Web site at http://www.corillian.com. About NCR Corporation NCR Corporation (NYSE:NCR) is a leader in providing Relationship Technology(TM) solutions to customers worldwide in the retail, financial, communications, manufacturing, travel and transportation, and insurance markets. NCR's Relationship Technology solutions include privacy-enabled Teradata(R) warehouses and customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) applications, store automation and automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs). The company's business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , a complete line of consumable and media products, and leading edge hardware technology. NCR employs 32,900 in 130 countries, and is a component stock of the Standard & Poor's 500 Index. More information about NCR and its solutions may be found at www.ncr.com. Matters discussed in this release may include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include the risk that Corillian's products do not continue to gain market acceptance, that the relationship between Corillian and NCR does not result in increased sales of Corillian's products or services and that Corillian's products do not effectively integrate with NCR's solutions. 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, 2000. www.businesswire.com/ipo/cori.shtml |
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