US bank Wachovia is migrating its online banking services to Corillian Corporation's Voyager platform in order to manage its increasing customer base and rise in transaction volumes.
The Corillian platform will support Wachovia's 4.3 million online banking customers.
Lawrence Baxter, EVP, chief e-commerce officer, Wachovia says: "We concluded that we needed to find the right partner to take our online banking services to the next level. After an in-depth analysis, we concluded that Corillian emerged as the best partner for us due to their extensive track record of working with financial institutions of our size and complexity."
Corillian shares moved up 11.11% on the news to $5.30 from an overnight close of $4.77.