Charter One Selects Corillian for Next-Generation Online Banking; Corillian Selected to Deliver Best-of-Breed Capabilities to Drive Faster Pace of Innovation

Business Wire, Sept 25, 2003

Business Editors & Technology Writers

PORTLAND, Ore.--(BUSINESS WIRE)--Sept. 25, 2003

Corillian Corp. (Nasdaq:CORI), a premier provider of enterprise software and services for the financial services industry, today announced that Charter One, a $44 billion bank holding company headquartered in Cleveland, Ohio, has selected Corillian as its development and technology partner to deliver new and innovative online services for its retail and small business customers.

Charter One chose Corillian for several key reasons. First, the proven quality of its products and services. Corillian is known throughout the industry for its rich capabilities and track record of enabling financial institutions to deliver a truly differentiated online banking experience. Second, Corillian's excellent track record of execution with some of the nation's largest, most innovative and most demanding financial institutions. And finally, Corillian's unique qualification for providing its customers with the choice, flexibility, and scalable performance they need to deliver on their online strategies.

The Corillian Voyager platform will give Charter One a proven solution that can easily integrate with Charter One's current applications and processing systems and that will be a platform for the development of new online products and services in the future. Corillian's position as the leader in online banking solutions was critical to its selection by Charter One. With 21 of the top 100 U.S. banks as customers and more than 11 million end users performing online banking transactions through the Corillian Voyager platform, Corillian is the perfect partner to help Charter One expand its online offerings and continue its leadership in online banking.

"Charter One was looking for an online banking provider that had experience working with institutions that fit not only our size, but more importantly, our needs and requirements for the delivery of online financial services," said Michael Dobbins, senior vice president, direct banking at Charter One. "Corillian's proven expertise in working with large online populations, within complex environments, was critical. We are looking to scale our online banking service and take it to the next level, and we need a technology partner that shares our vision for online banking and that can grow with us as we expand the use of our online capabilities into other lines of business and delivery channels."

The Corillian Voyager platform will provide Charter One's retail customers with real-time access to an online check register for account reconciliation, advanced account aggregation services and person-to-person payment functionality via an enhanced user interface. Charter One's small business customers will have real-time access to their accounts to perform online banking, balance reporting, online payments, ACH/wire transfers, and tiered authority, which allows a business owner or office manager to delegate business functions to his or her employees based on job requirements and responsibilities.

"Increasingly, Corillian is being asked to help financial institutions attain the highest levels of online banking functionality and performance, now and into the future," said Alex Hart, president and CEO of Corillian. "Corillian Voyager 3.0 will provide Charter One with an industry-leading platform and advanced functionality today as well as a solid foundation for the development and integration of innovative products and services in the future. Corillian has clearly become the partner of choice for financial institutions that view the online channel as highly strategic to their business and that want the agility to quickly execute upon their online strategies."

About Charter One

Charter One has $44 billion in total assets, making it one of the 25 largest bank holding companies in the country. The Bank has 522 banking center locations in Ohio, Michigan, New York, Illinois, Massachusetts, and Vermont and entered Connecticut with a banking center opened in June 2003. The Company's diverse product set includes: consumer banking, indirect auto finance, commercial leasing, business lending, commercial real estate lending, mortgage banking, and retail investment products. For additional information, including press releases, investor presentations, committee charters, and reports filed with the SEC, investors are directed to Charter One's web site: www.charterone.com.

About Corillian Corporation

Corillian is a premier provider of enterprise software and services for the financial services industry. Empowered with Corillian solutions, some of the world's most visionary financial institutions provide their customers with the tools to manage their finances more effectively. Corillian's solutions are unmatched in reliability and performance, and successfully scale at some of the world's largest financial institutions. Corillian's proven solutions enable financial institutions to deliver innovative services enterprise-wide, across multiple delivery channels and multiple lines of business. The Corillian Voyager platform provides secure and scalable account access and transaction processing for a wide variety of applications built by Corillian's expert software developers, by Corillian-certified partners, and by the in-house development organizations of some of the world's best financial institutions. For more information about Corillian Corporation, visit the company's Web site at http://www.corillian.com.