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Leading Canadian Card Provider Selects Corillian for Next-Generation Online Credit Card Management Solution; Corillian Credit Card Management to Provide Enhanced Features and Self-Service Functions.


PORTLAND, Ore. -- 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), the top provider of online banking, payment and security 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 announced that Credit Union Electronic Transaction Services (CUETS CUETS Credit Union Electronic Transaction Services ), a provider of MasterCard(R) issuing and acquiring products and services to over 450 credit unions, caisses populaires and other organizations throughout Canada, has selected Corillian Credit Card Management as its foundation for a next-generation online credit card management solution.

Through Corillian Credit Card Management, CUETS' clients will have a feature-rich solution to deliver new and innovative online services to their members and customers. Included in the solution will be eStatements and Alerts modules to enhance the self-service capabilities of the online credit card site. End users will be able to view all of their account information in real-time, set up alerts to be proactively notified of new changes to their accounts and store up to 12 months of statement history. Also, the flexibility of Corillian Credit Card Management will allow each affiliate organization to create a unique brand and navigation to each site to create user loyalty.

"More and more consumers are turning to the Internet to take control of managing their financial accounts," 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. "Financial institutions and other organizations are 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.
 ways to take advantage of this growing adoption by delivering compelling online services and a unique online experience to their users. Corillian Credit Card Management incorporates industry-leading functionality and usability How easy something is to use. Both software and Web sites can be tested for usability. Considering how difficult applications are to use and Web sites are to navigate, one would wish that more designers took this seriously. See user interface and usability lab.  best practices to enable organizations like CUETS to be at the forefront of online financial services and set themselves and their clients apart from the competition."

CUETS' CIO CIO: see American Federation of Labor and Congress of Industrial Organizations.


(Chief Information Officer) The executive officer in charge of information processing in an organization.
 Tom Kindred KINDRED. Relations by blood.
     2. Nature has divided the kindred of every one into three principal classes. 1. His children, and their descendants. 2. His father, mother, and other ascendants. 3.
 noted that the partnership with Corillian will also help CUETS' clients create greater brand recognition and become more competitive in the online channel. "Our mission is to provide world-class products and services to our clients, and the online channel is of strategic importance to us and our clients," Kindred said. "Corillian Credit Card Management will help us take our online services to the next level and help our clients provide a superior online experience to their members and customers."

Corillian Credit Card Management will seamlessly interface in real-time with CUETS' back-end systems, providing unparalleled ease-of-use. Key features and benefits available in Corillian Credit Card Management include:

--Real-Time Access: Provides real-time access to balances, current and historical transactions, downloading transactions, payment due dates, credit limits, cash advance limits, finance charges and rewards programs.

--eStatements: Offers the cardholders the convenience of receiving an electronic version of their monthly statement online as well as the ability to sort and categorize cat·e·go·rize  
tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es
To put into a category or categories; classify.



cat
 transactions. Along with the suppression of paper printing, online administrative tools are offered to manage exception processing.

--Alerts: Offers increased cardholder card·hold·er  
n.
One who holds a card, especially a credit card.



cardhold
 loyalty by delivering email message notifications when account or specific transactional events such as credit limit reached or payment is due events are triggered.

--Self-Service Functionality: Offers a comprehensive range of self-service functionality, including the ability to request credit limit changes, replace or add cards, change addresses, secure online inquiries, dispute transactions, order checks and change passwords.

About Corillian Corporation

Corillian is the market leader of online banking, payment and security solutions to the financial services industry. With 29 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions as customers, Corillian serves over 30 million online banking users. 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'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 (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.
 solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. 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 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.

About CUETS

CUETS is a national supplier and partner in the Canadian co-operative system, providing a complete range of advanced payment systems and services to credit unions, caisses populaires, cardholders, merchants and other organizations. CUETS offers MasterCard products and services, backed by one of the most widely recognized brands in the world. The CHOICE REWARDS(R) loyalty program gives participants flexibility in merchandise and travel rewards selection. CUETS is based in Regina, Saskatchewan, Canada. To learn more about CUETS, visit www.cuets.ca.
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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Comment:Leading Canadian Card Provider Selects Corillian for Next-Generation Online Credit Card Management Solution; Corillian Credit Card Management to Provide Enhanced Features and Self-Service Functions.
Publication:Business Wire
Geographic Code:1USA
Date:Aug 28, 2006
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