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Woodforest National Bank licenses Corillian Web banking technology

07 November 2005  |  5330 views  |  0 Source: Corillian

Corillian Corp. (NASDAQ: CORI), the top provider of online banking, online payments and anti-fraud solutions to leading financial institutions, today announced that Woodforest National Bank, a $1.8 billion asset community bank headquartered in The Woodlands, TX, has selected Corillian as its partner to strengthen and expand its online banking and payment services to Woodforest National Bank's more than 290,000 customers.

Woodforest National Bank will leverage the Corillian Consumer Banking application and Corillian Payments Warehouse to build on the success of the bank's existing online banking and payment efforts to date. Corillian Consumer Banking was selected for its technology, depth of functionality and industry best practices. The Corillian Payments Warehouse will enable Woodforest National Bank to continue its flexibility in processing electronic payments and generating cost savings for the bank, while providing an enhanced end user experience. In addition, Corillian's strong authentication solutions will provide an enhanced layer of security around the Corillian Consumer Banking application to drive added end user confidence to Woodforest National Bank's online banking service.

"Corillian's domain expertise and focus on delivering innovative and secure online banking and payment solutions will be a tremendous asset for us as we look to expand our online banking services," said Charles Manning, president and CIO of Woodforest National Bank. "The depth of Corillian's online banking features and usability is unmatched in the industry and will enable us to be more effective in the delivery of our online services to drive greater adoption, confidence and satisfaction among our customer base. Also, the flexibility of Corillian's applications, specifically the multi-lingual and customization capabilities, will ensure that we have the desired control to continually meet the online banking and payment needs of our diverse and growing customer base."

Corillian Consumer Banking will enable Woodforest National Bank to provide a compelling online experience to its customers, from simple account review to sophisticated payment, transfer and self-service features. Also, the multi-lingual capabilities within Corillian Consumer Banking will enable Woodforest National Bank’s culturally-diverse customer base to access online banking services in either English or Spanish. Built on proven best practices in functionality and usability, Corillian Consumer Banking will give Woodforest National Bank the flexibility to have differentiating control over its site, enabling Woodforest National Bank to gain a competitive advantage. Furthermore, Corillian’s strong security solutions will provide an additional layer of authentication to help protect online accounts from fraudulent access.

The Corillian Payments Warehouse will allow Woodforest National Bank to continue its strategic control of the payments process. With flexible routing and payment options, the Corillian Payments Warehouse will enable Woodforest National Bank to have continued ownership of the payment information and determine the most flexible and cost-effective method for processing its electronic and paper payments.

"We are excited to have Woodforest National Bank, a very innovative community bank, partner with Corillian for its next-generation online banking and bill payment services," said Alex Hart, president and CEO of Corillian. "With increasing online banking and payment adoption rates and demands for more innovative and easy-to-use solutions, financial institutions need next-generation systems that reflect new technologies and usability standards. The Corillian Consumer Banking and Payments Warehouse applications were built to help financial institutions like Woodforest National Bank have innovative and secure online solutions in place that can provide the type of online services that its customers need today, and will need in the future."

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