Business Services Industry
Tri Counties Bank Selects Corillian for Next-Generation Online Banking and Security Services; Corillian Chosen for its Strong Track Record of Reliability, Security and Multi-Lingual Capabilities
Business Wire, May 30, 2006
PORTLAND, Ore. -- Corillian Corp. (NASDAQ:CORI), the top provider of online banking, online payment and anti-fraud solutions to the financial services industry, today announced that Tri Counties Bank, headquartered in Chico, Calif. and a subsidiary of TriCo Bancshares (NASDAQ:TCBK), has selected Corillian as its partner to deliver next-generation online banking and security services to its customers.
Tri Counties Bank, the largest community bank in the Sacramento Valley with $1.85 billion in assets, will leverage the Corillian Consumer Banking application to deliver enhanced, real-time online banking services to its growing customer base. Included in the new service will be Corillian Personal Money Manager (PMM), an innovative transaction reporting and analysis solution, and a Spanish version of its online banking site to meet the unique needs of the diverse markets Tri Counties Bank serves. Tri Counties Bank will also use Corillian's Intelligent Authentication(TM) solution to provide its customers with enhanced online security features to protect their financial assets and ensure that Tri Counties Bank complies with the new FFIEC guidelines for stronger online banking authentication.
"We have been looking for an online banking partner that could help us meet the demands of our growing online customer base and deliver the best possible online customer experience for quite some time," said Rick Smith, president and CEO of Tri Counties Bank. "We selected Corillian for its strong track record of delivering reliable and secure online banking services. The real-time reporting, multi-lingual capabilities and authentication technology available from Corillian will enable us to deliver enhanced online banking services to our customers in the online channel."
With Corillian Consumer Banking, Tri Counties Bank's customers will experience a new, easy-to-use online banking experience for managing all of their finances, including viewing all accounts in real-time, tracking spending across categories, receiving alerts on account activity, transferring funds and paying bills. Built on proven best practices in functionality and usability, Corillian Consumer Banking will give Tri Counties Bank the flexibility to have differentiating control over its online banking capabilities. Furthermore, Corillian's Intelligent Authentication will provide an additional layer of authentication to help protect online accounts from fraudulent access.
"Increasingly, Corillian is helping financial institutions of all sizes provide their customers with a superior online customer experience, now and into the future," said Alex Hart, president and CEO of Corillian. "Corillian Consumer Banking will provide Tri Counties Bank with an industry-leading solution today as well as a solid foundation for the future development and integration of innovative products and services. Corillian has clearly become the partner of choice for financial institutions that view online banking as highly strategic to their business and desire the flexibility to quickly execute upon their online strategies."
About Tri Counties Bank
TriCo Bancshares and Tri Counties Bank are headquartered in Chico, California. Tri Counties Bank has a 31-year history in the banking industry. It operates 32 traditional branch locations and 20 in-store branch locations in 23 California counties. Tri Counties Bank offers financial services and provides a diversified line of products and services to consumers and businesses, which include demand, savings and time deposits, consumer finance, online banking, mortgage lending, and commercial banking throughout its market area. It operates a network of 58 ATMs and a 24-hour, seven days a week telephone customer service center. Brokerage services are provided by the Bank's investment services affiliate, Raymond James Financial, Inc. For further information please visit the Tri Counties Bank web site at http://www.tricountiesbank.com.
About Corillian Corporation
Corillian is the market leader of online banking, bill payment and fraud prevention applications to the financial services industry. With 28 of the top 100 U.S. banks and 20 of the top 100 U.S. credit unions as customers, Corillian serves over 25 percent of the online banking 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(TM) 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.
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