Cuets Canada signs for Corillian online credit card management platform

Source: Corillian

Corillian Corp. (NASDAQ: CORI), the top provider of online banking, payment and security solutions to the financial services industry, today announced that Credit Union Electronic Transaction Services (CUETS), a provider of MasterCard issuing and acquiring products and services to over 450 credit unions, caisses populaires and other organizations throughout Canada, has selected Corillian Credit Card Management as its foundation for a next-generation online credit card management solution.

Through Corillian Credit Card Management, CUETS' clients will have a feature-rich solution to deliver new and innovative online services to their members and customers. Included in the solution will be eStatements and Alerts modules to enhance the self-service capabilities of the online credit card site. End users will be able to view all of their account information in real-time, set up alerts to be proactively notified of new changes to their accounts and store up to 12 months of statement history. Also, the flexibility of Corillian Credit Card Management will allow each affiliate organization to create a unique brand and navigation to each site to create user loyalty.

"More and more consumers are turning to the Internet to take control of managing their financial accounts," said Alex Hart, president and CEO of Corillian. "Financial institutions and other organizations are looking for ways to take advantage of this growing adoption by delivering compelling online services and a unique online experience to their users. Corillian Credit Card Management incorporates industry-leading functionality and usability best practices to enable organizations like CUETS to be at the forefront of online financial services and set themselves and their clients apart from the competition."

CUETS' CIO Tom Kindred noted that the partnership with Corillian will also help CUETS' clients create greater brand recognition and become more competitive in the online channel. "Our mission is to provide world-class products and services to our clients, and the online channel is of strategic importance to us and our clients," Kindred said. "Corillian Credit Card Management will help us take our online services to the next level and help our clients provide a superior online experience to their members and customers."

Corillian Credit Card Management will seamlessly interface in real-time with CUETS' back-end systems, providing unparalleled ease-of-use. Key features and benefits available in Corillian Credit Card Management include:

  • Real-Time Access: Provides real-time access to balances, current and historical transactions, downloading transactions, payment due dates, credit limits, cash advance limits, finance charges and rewards programs
  • eStatements: Offers the cardholders the convenience of receiving an electronic version of their monthly statement online as well as the ability to sort and categorize transactions. Along with the suppression of paper printing, online administrative tools are offered to manage exception processing
  • Alerts: Offers increased cardholder loyalty by delivering email message notifications when account or specific transactional events such as credit limit reached or payment is due events are triggered
  • Self-Service Functionality: Offers a comprehensive range of self-service functionality, including the ability to request credit limit changes, replace or add cards, change addresses, secure online inquiries, dispute transactions, order checks and change passwords

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