News

Charter One Signs Long-term Agreement with Corillian

Thursday 25 September 2003 11:10 CET | News

Charter One Financial will be migrating its consumer and small business online banking applications to Corillians Voyager platform.

Charter One also announced that it has formed a new partnership with Cash Edge to integrate account aggregation and bank-to-bank transfer functions into the Corillian product. Charter One has also reaffirmed its partnership with Centerpost to provide voice, email and wireless alerting within the application. The new technology is currently under development and will be implemented in two phases. Beginning in January 2004, Corillian will provide upgrades for Charter Ones consumer online users. The application, residing on the Voyager platform, will feature a new look and feel, more personalization options and enhanced user-controlled password reset and user ID modification applications. A check register component will allow users of PFMs to utilize the Charter One application as an alternative. The second phase, set to roll out in March 2004, will include the integration of account aggregation, bank-to-bank transfers and a pay anyone service that will leverage an expanded Corillian and CashEdge partnership. As part of the agreement, Charter One has agreed to an annual co-development budget whereby Charter One and Corillian will partner on new technologies, including the integration of third-party software into the Corillian application. In addition to the enhanced consumer banking site, Charter One has also signed agreements to transfer its small business banking application to Corillian -- expanding its current one size fits all application by providing two tiers of small business online services. The basic version of the current application will be enhanced to include the addition of account aggregation, bank-to-bank transfers and pay anyone technology. The advanced version will use Corillians business banking applications to offer items traditionally found in cash management services and will include Wires and limited ACH for use in payroll and tax file creation.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech







Industry Events