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Corillian Corp. (NASDAQ: CORI), the number one provider of online banking solutions to leading financial institutions, today announced that Boeing Employees' Credit Union (BECU), a top five credit union with $4.6 billion in assets and headquartered in Tukwila, Wash., has selected Corillian Small Business Banking as its solution to enter the rapidly-growing online small business banking market.
BECU is the latest in a growing list of leading financial institutions that are leveraging Corillian Small Business Banking, including: M&T Bank, NetBank®, Sterling Financial, Bank of Stockton and two top 10 banks. BECU is currently providing industry-leading consumer online banking services to its more than 350,000 members, and will now provide online small business services to its members from the same Corillian Voyager platform. Corillian Voyager is the industry-leading platform common to all Corillian line of business applications, including small business banking, consumer banking, payments, wealth management, cash management and credit card management.
"Our members have been asking for online business banking services and we feel that Corillian is the right partner to help us deliver innovative services that will meet these demands and enhance our member relationships." said Arnie Gunderson, director of small business services at BECU. "We looked at many different solutions and Corillian Small Business banking was clearly the best solution in the industry. Corillian's small business banking experience with other leading financial institutions and industry-leading functionality was a key factor in our decision. Also, leveraging a common platform across our consumer and small business member base will provide us with significant advantages, cost savings and synergies as we deliver these services to our members."
Corillian Small Business Banking will provide BECU with a comprehensive, high-performance online banking application designed specifically to meet the needs of small business customers. BECU's small business banking members will have real-time access to a range of financial services over the Internet, including: tiered authority, balance and transaction reporting, full-synch integration with QuickBooks and advanced payments capabilities such as ACH, stop payments, payroll and tax payments.
"We are excited about the momentum and interest surrounding our small business banking application," said Alex Hart, president and CEO. "Leading financial institutions like BECU are taking advantage of the increasing adoption and needs of the online small business market. The ability to deliver innovative and differentiated small business and consumer banking services from a single platform will provide BECU with a compelling online offering for its Internet-savvy member base."