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Space Coast Credit Union to Strengthen Its Online Banking with Corillian Consumer Banking; Flexibility and Online Banking Best Practices Among Many Reasons for the Selection of Corillian

Business Wire, July 18, 2005

PORTLAND, Ore. -- Corillian Corp. (Nasdaq:CORI), the top provider of online banking, bill payment and anti-fraud solutions to leading financial institutions, today announced that Space Coast Credit Union (SCCU), a $1.3 billion credit union headquartered in Melbourne, Fla., has selected the Corillian Consumer Banking application to enhance its online banking service and deliver new and innovative online banking services to its more than 132,000 members.

SCCU selected Corillian due to the depth of functionality, usability and best practices in the Corillian Consumer Banking solution. In addition to standard Corillian Consumer Banking, SCCU decided to implement Corillian Family Banking, a holistic financial management solution allowing members to securely grant access to family members and other joint account holders, as well as third parties to more effectively manage their finances. This flexibility, once only reserved for the small business owner or financial controller at a large corporation, is now available to the consumer banking segment. Corillian's expertise in successfully delivering innovative online banking services to leading financial institutions was also a factor in the decision.

"The implementation of the Corillian Consumer Banking solution will enable us to deliver a next-generation online banking service that meets the needs of our expanding membership," said Timothy M. Antonition, executive vice president, retail operations of Space Coast Credit Union. "This is an important step in establishing a solid foundation for our online banking service, as we look to add new features and functionality for our members to access at anytime. Corillian's proven best practices, and industry-leading expertise made this a simple decision."

Corillian Consumer Banking will empower SCCU's members to securely analyze, manage and control their finances from the convenience of any online access point. The customization capabilities within Corillian Consumer Banking will also make online banking easier and more convenient for members. The application will provide a fully-functional bill payment service, giving the member complete control of their payment activity. Another key feature available is the integrated self-service, which improves the online experience for members, while lowering cost of service for SCCU by offering a broad range of self-service functionality.

"Corillian is proud to offer our industry-leading service to SCCU. The Corillian Consumer Banking application will give SCCU the ability to accommodate the demands of their growing member base," said Alex Hart, president and CEO of Corillian. "We are very excited to begin this relationship with SSCU as it will be beneficial for both parties. SSCU will be enhancing their online banking capabilities, and Corillian will be assisting another leading credit union in providing exceptional service to their members."

About Space Coast Credit Union

Space Coast Credit Union (SCCU) was chartered in 1951 as Patrick Air Force Base Credit Union. It was started by civil service employees to serve as a savings institution and create a source of credit for the military personnel stationed at Patrick Air Force Base. It began with 28 members and $372 in assets. Today, SCCU serves more than 132,000 members and has over $1.3 billion in assets. It is the largest locally-based financial institution in Brevard County, Florida, but its values have remained the same. Guided by the credit union philosophy of "not for profit, not for charity, but for service," SCCU has continuously sought out opportunities to build value in cooperative ownership.

About Corillian Corporation

Corillian is the top provider of online banking solutions to leading financial institutions. 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.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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