PORTLAND, Ore. - (08/01/05) -- Corillian Corp. said last week ithas joined with NameProtect Inc., to develop solutions aimed atpreventing phishing and other online fraud attacks againstfinancial institutions. Under the deal, the two companies will selland market each other's products: Corillian's Fraud DetectionSystem, and NameProtect's anti-fraud solution, known asNameProtection service. The service scans other types of fraudulentbehaviors, including domain names, web pages and unsolicitedemails, to identify potential fraudulent web sites and attacks forclients and provides them with daily continual alerts of suchattacks through an online web interface and workflow tool.Separately, Corillian said last week that second quarter earningsrose to $2.1 million, or five cents a share, while revenues rose10% to $12.3 million, compared to the second quarter last year.Second quarter highlights included contracts with, Space CoastCU.
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The Charlotte, North Carolina-based bank reported net income of $1.45 billion for the third quarter and earnings per share of $1.04, which beat analysts' forecast of $0.99 per share.
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Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
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CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
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Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
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Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
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The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
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