Crestar

www.crestar.com

Crestar (Richmond, VA; $23 billion; 635,000 ATM cards) will be the first financial institution to implement Web banking from the newest player in the game, Corillian, a Portland, OR-based spin-off from Checkfree. For a look at Corillian’s full-featured Web-based PFM, run through the demo on its Web www.corillian.com (registration required).

The up-and-coming company, run by Ted Spooner, was previously known as Checkfree Net Services. Corillian became an independent entity on May 16, 1997, just 13 months after Checkfree had acquired the company, formerly known as Interactive Solutions Corp., from Mr. Spooner. Interactive Solutions had been closely affiliated with CFI ProServices, processing bill payments on behalf of Personal Branch clients as well as developing Web connectivity for Personal Branch. As part of the April 1996 Checkfree acquisition, the bill payment processing business was divested to minority owner CFI. Other Corillian clients include two California credit unions, Technology FCU and Mission Federal, which will be rolling out Web banking programs this fall.

Contact: At Corillian, Denise Montoya is Product Manager, Ted Spooner is CEO, 503.526.5233. Amy Humphries is at Crestar, 804.782.5404.