Business Services Industry

Security Service Federal Credit Union Selects Corillian Consumer Banking For Its Online Banking Offering

Business Wire, Feb 10, 2005

PORTLAND, Ore. -- Corillian Consumer Banking selected for scalability, proven best practices and track record of implementation success

Corillian Corp. (Nasdaq:CORI), the top provider of online banking solutions for leading financial institutions, today announced that Security Service Federal Credit Union (SSFCU), a $3.5 billion credit union based in San Antonio, Texas, has selected the Corillian Consumer Banking application to enhance the online banking needs of its more than 550,000 members.

SSFCU, the 10th largest credit union in the nation, will leverage the Corillian Consumer Banking application to build on the success of the credit union's existing online banking efforts to date. Corillian Consumer Banking was selected for its scalability and performance, depth of functionality, proven best practices and Corillian's expertise in successfully delivering innovative online banking services to leading financial institutions like SSFCU.

"We sought to expand our online banking presence with a solution that would enable us to rapidly extend services to our growing online member base, with proven scalability and high-level performance," said Jay Winslow, SVP and chief information officer of SSFCU. "Implementing Corillian Consumer Banking will provide us the ability to quickly scale our online banking capabilities in a manner customized to our membership while serving as an excellent platform for future channel innovation."

Corillian Consumer Banking will enable SSFCU to provide a compelling online experience to its members, from simple account review to sophisticated payment, transfer and self-service features. Built on proven best practices in functionality and usability, Corillian Consumer Banking will give SSFCU the flexibility to have differentiating control over its site, enabling SSFCU to gain a competitive advantage as it continually strives for increased member satisfaction and profitability. Also, as SSFCU has a culturally-diverse member base with English and Spanish-speaking members, the multi-lingual capabilities of Corillian Consumer Banking were important to SSFCU's decision to migrate to Corillian.

"The comprehensive functionality and best practices available in Corillian Consumer Banking are unmatched in our industry and will be a great asset to SSFCU," said Alex Hart, president and CEO of Corillian. "We are excited to work with a leading credit union like SSFCU to help expand its online banking services to its members. Corillian Consumer Banking will enable SSFCU to continue its innovation in the online channel while providing the scalability, flexibility and performance it needs to grow with its growing online member base."

About Security Service FCU

Security Service Federal Credit Union is the 10th largest credit union in the nation and the largest credit union in San Antonio. Security Service, recognized as a leader in the credit union industry, has implemented the latest technology to improve convenience and service to its members. With more than $3.5 billion in assets and membership exceeding 550,000, SSFCU has 21 locations in South Central Texas and seven facilities in Colorado. Visit Security Service Federal Credit Union on the web at www.ssfcu.org.

About Corillian Corporation

Corillian is the top provider of online banking and fraud prevention applications to leading financial institutions. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating hundreds of best practices observed from some of the most innovative financial institutions in the world, as well as best practices in usability and functionality established by industry experts. Corillian features integrated applications across Consumer Banking, Small Business Banking, Wealth Management, Credit Card Management, and Cash Management, as well as enterprise wide solutions, including Fraud Detection, Payments Warehouse, Alerts, eStatements, and OFX. 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 and securely. For more information about Corillian Corporation, visit the company's Web site at http://www.corillian.com.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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