Corrillian Corp. AcquiresInteliData

April 01, 2005, 1:00 a.m. EST 1 Min Read

PORTLAND, Ore. - (04/01/05) Corillian Corp., a provider of onlinebanking and anti-fraud solutions has acquired InteliData, whichalso provides a suite of online banking, bill payment and creditcard solutions. The acquisition of InteliData establishesCorillian as the leading bill payment warehouse provider in theworld and one of the leading providers of online bill paymenttechnology, the company said following the announcment.Current InteliData customers include Bank of America, Wachovia,National City, and Bank of the West. The company has a staff of 48with offices in Reston, Va, Toledo, Ohio and Omaha, Neb. Under theterms of the agreement, Corillian will issue approximately4,918,032 shares of its common stock to the shareholders ofInteliData. Corillian will also pay $4.5 million in cash, subjectto certain adjustments.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Community banking

Maryland bank plagued by office loans will replace its CEO

Susan Riel, who helped found Eagle Bancorp nearly three decades ago, will step down as CEO in 2026. The bank is embarking on a search for her successor.

By Kevin Wack

8h ago
Credit unions

TruMark Financial CU joins fintech for loan participations

The credit union partnered with Happy Money's digital lending and participations platform. TruMark has purchased, but not sold, participations for the past five years.

By Melinda Huspen

11h ago
Cyber security

CFPB's cybersecurity program 'no longer effective:' OIG says

The Consumer Financial Protection Bureau has seen a rapid drop in the effectiveness of its cybersecurity program, according to a new report from the Fed's Office of Inspector General.

By Kate Berry

November 3
Federal Reserve

Fed's Cook strikes hawkish tone in rare appearance

In her first public appearance since President Trump moved to fire her from the Federal Reserve Board of Governors, Fed Gov. Lisa Cook reiterated her commitment to bringing inflation under 2% and said that the labor market remains "solid."

By Maria Volkova

November 3
CRA

$100M affordable housing fund is 'just the beginning'

Financial literacy advocate John Hope Bryant has joined with a Los Angeles-based developer in an effort to raise up to $300 million from banks to preserve and construct low-income housing around the country.

By John Reosti

November 3
Artificial intelligence

How Wells Fargo is building agentic AI into its workflows

AI is transforming legacy modernization efforts as Wells Fargo builds systems for agents to take on humanlike tasks and interact with one another.

By Suman Bhattacharyya

November 3