Wachovia Launches New Online Banking Service Powered by Corillian; Corillian Delivers Enhanced Features, Convenience and Ultimate Usability

Business Wire, Nov 15, 2005

PORTLAND, Ore. -- Corillian Corp. (Nasdaq:CORI), the top provider of online banking, online payments and anti-fraud solutions to the financial services industry, today announced that Wachovia Corporation has launched a new retail online banking service, powered by the Corillian Voyager platform and Corillian Consumer Banking application. Wachovia's newly registered online banking customers will be enrolled on this new platform, while its 3.2 million active customers will be converted in waves over the next few months.

"We are very excited to launch this next-generation online banking service to our customers," said Lawrence Baxter, head of Wachovia's eCommerce division. "Our customers desire the most innovative and easy-to-use online banking service to help them manage their financial lives, and Corillian has consistently proven that its online banking solutions are ahead of the curve in functionality, usability and security. Corillian has been instrumental in the launch of this new service and we look forward to evolving our partnership and online banking services together."

The industry-leading Corillian Voyager platform seamlessly integrates with Wachovia's existing applications and host systems, providing Wachovia with enhanced scalability, flexibility and cost-effectiveness. Corillian Consumer Banking delivers a new level of convenience, usability and safety to Wachovia's online banking customers. Through enhanced features and navigation, customers now have easier access to their accounts and a wide array of enhanced services, such as money transfers, alerts, user profiles and check imaging. The overall presentation to the customer is more comprehensive and integrated with other online applications such as electronic bill payment, online brokerage and account aggregation.

"Leading organizations like Wachovia are setting the standard for online banking excellence and they demand the most feature-rich, scalable and easy-to-use solutions in the industry," said Alex Hart, president and CEO of Corillian. "Corillian Voyager and the Corillian Consumer Banking application leverage hundreds of best practices in usability and functionality from Corillian's years of online banking expertise, industry-leading firms and other acknowledged industry experts. With these solutions, Wachovia is able to deliver innovative online banking services to their users, while maintaining the ability to tailor the solution through flexible configuration. This enables Wachovia to gain a competitive advantage in the online channel and meet the growing needs of its unique user base."

About Wachovia

Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with banking operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $532.4 billion, market capitalization of $73.9 billion and stockholders' equity of $46.8 billion at September 30, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 13 million household and business relationships primarily through 3,138 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 702 offices in 49 states and five Latin American countries. The Corporate and Investment Bank serves clients in selected industries nationwide. Global services are offered through 40 offices around the world. Online banking and brokerage products and services also are available through Wachovia.com.

About Corillian Corporation

Corillian is the market leader of online banking, bill payment and fraud prevention solutions to the financial services industry. With 28 of the top 100 U.S. banks and 20 of the top 100 U.S. credit unions among its customers, Corillian serves over 25 percent of the online banking end user 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. Corillian's fraud prevention solutions use Preemptive Forensics 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. 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.