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Eleven Leading Financial Institutions Select Corillian's Intelligent Authentication(TM) for Strong, FFIEC-Compliant Authentication; Rapid Adoption Validates Corillian's Leadership Position in Online Security.


PORTLAND, Ore. -- Corillian Corp. (Nasdaq:CORI), the top provider of anti-fraud, online banking and online payments solutions to 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 reported tremendous adoption of its recently announced Corillian Intelligent Authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.

(2) Verifying the identity of a user logging into a network.
(TM) solution. Since its release in October of 2005, 11 leading financial institutions have reviewed various authentication solutions available in the market and selected Corillian's Intelligent Authentication as the solution of choice to deliver strong, FFIEC-compliant online authentication services to their online banking users.

Intelligent Authentication uses a patent-pending, multi-layered approach to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate.

(2) To verify (guarantee) that data has not been altered.
 online banking users. Improving on the traditional authentication mechanism of a user name and password, Intelligent Authentication examines and tracks multiple patterns of online banking behavior and various non-personal attributes of the online banking user to determine when it is necessary to block or challenge suspicious visitors. This multi-layered authentication technique is virtually transparent to the end user and facilitates a user-friendly, non-intrusive experience, while also ensuring visitors to the Web site are legitimate. Intelligent Authentication is also a 'zero footprint' solution, requiring no distribution of hardware, software or spyware-like tracking objects.

"From a usability perspective, the username The name you use to identify yourself when logging into a computer system or online service. Both a username (user ID) and a password are required. In an Internet e-mail address, the username is the left part before the @ sign. For example, KARENB is the username in karenb@mycompany.  and password approach works quite well for online users, however, the security problems associated with this authentication technique are very real," said Jim Maloney
    James William Maloney (born June 2, 1940 in Fresno, California) is a former righthanded pitcher in Major League Baseball who played with the Cincinnati Reds (1960-70) and California Angels (1971).
    , chief security executive at Corillian. "Intelligent Authentication strikes that critical balance -- balancing the usability desired by end users while substantially improving the authentication security mechanism to meet the modern expectations of regulators, financial institutions and consumers. Many more financial institutions continue to express interest in Intelligent Authentication as the industry looks to strengthen its position in protecting online banking users."

    BECU BeCu Beryllium Copper
    BECU Boeing Employees Credit Union
    BECU Brethren Employees' Credit Union (Church of the Brethren)
    BECU Body Electronic Control Unit (automotive)
    BECU Bowater Employees Credit Union
    , a $5.6 billion credit union headquartered in Tukwila, Wash., was 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 cost-effective, non-intrusive solution to help it meet the FFIEC FFIEC Federal Financial Institutions Examination Council  guidance.

    "Our members expect the best online security and online banking experience from us," said Ken Kinloch, a network and security analyst at BECU. "With the new federal regulations for online banking authentication, we knew we needed a solution that was easy-to-use, easy to deploy and cost-effective for the credit union and our members. Corillian Intelligent Authentication was the most cost-effective solution in the market and will provide our members with tremendous online security protection, while not disrupting the online banking experience."

    "We are very pleased with the early success of Corillian Intelligent Authentication," 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. "The rapid adoption of this innovative solution is validation of the unmatched usability, ease-of-deployment and cost-effectiveness of Intelligent Authentication, as compared to other solutions in the market. More and more financial institutions are seeing the benefits of this strong, multi-layer authentication solution that focuses on the end-user experience to maximize the online banking experience."

    About Corillian Corporation

    Corillian is the market leader of online banking, bill payment and fraud prevention applications to the financial services industry. Corillian's fraud prevention solutions use Preemptive pre·emp·tive or pre-emp·tive  
    adj.
    1. Of, relating to, or characteristic of preemption.

    2. Having or granted by the right of preemption.

    3.
    a.
     Forensics See computer forensics. (TM) to protect web sites from phishers, hackers, and fraudsters. Corillian's strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. With 28 of the top 100 U.S. banks and 20 of the top 100 U.S. credit unions as customers, Corillian serves over 25 percent of the online banking community. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world. 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 by Corillian solutions, some of the world's most visionary financial institutions provide their online users 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.
    COPYRIGHT 2006 Business Wire
    No portion of this article can be reproduced without the express written permission from the copyright holder.
    Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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    Publication:Business Wire
    Geographic Code:1USA
    Date:Jan 17, 2006
    Words:644
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