Scott Hanselman

The Value of Writing Windows PowerShell Cmdlets

June 13, '07 Comments [2] Posted in Corillian | PowerShell | Programming
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image The folks at Channel 9 dug up another interview I did with Jeffrey Snover, PowerShell architect. Here's the one I did in November of 2006, for contrast. The project has grown

I think we filmed this in March. In this one I sing the praises of PowerShell and our team at Corillian that wrote "Project Evergreen," a deployment philosophy that turned into our Corillian Member Advantage product. Check the video out. Watch it via Windows Media or download the WMV. I hope you enjoy it.

About Scott

Scott Hanselman is a former professor, former Chief Architect in finance, now speaker, consultant, father, diabetic, and Microsoft employee. I am a failed stand-up comic, a cornrower, and a book author.

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CheckFree Closes Deal to Acquire Corillian - Now the real work begins

May 15, '07 Comments [12] Posted in Corillian
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This just went out.  Today CheckFree completed acquiring Corillian. It started in February, and the acquisition phase is complete. Now the real work starts.

In the press release, this sentence struck me:

The combined organization will have the potential to provide a market-leading, fully integrated, secure and scalable online banking, electronic billing and payment platform. Together, CheckFree and Corillian’s platforms serve 21 of the top 25 financial institutions, more than 40 million online banking consumers, more than 31 million electronic billing and payment consumers, and more than 250,000 small businesses.

It's going to be interesting as our little 300 person company becomes part of a 3000+ person company, but the potential for good that we can do is so much greater as one entity. We'll be learning about the new organization and how we fit into it in the coming months. I visited the campus in Atlanta, Georgia and got to hang out with a number of the key players working on the integration and I can attest to the coolness of their corporate culture. We'll see what tomorrow will bring. Wish me luck.

About Scott

Scott Hanselman is a former professor, former Chief Architect in finance, now speaker, consultant, father, diabetic, and Microsoft employee. I am a failed stand-up comic, a cornrower, and a book author.

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Are you Banking Online? Why not?

March 5, '07 Comments [60] Posted in Corillian | eFinance
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Banking analyst house Celent has published a new Retail Banking report called "Retail Internet Banking Vendors: Luring the Laggards."

I thought it was funny they didn't say "Luring the Luddites." I bet there was a meeting about that.

The company I work for, Corillian, is the big maroon dot in the upper right corner of the chart at right. Our arch nemesis (nemesi? Just kidding, they're lovely people), Digital Insight, is the smaller dot nipping at our dot. This is a multi-dimensional chart, with the size of the dot representing the size of our customer base, although I'm unclear if it's number of users, number of banks, or dollars the bank manages.

Across all four categories, Corillian stands out as the clear leader, followed by Digital Insight. Metavante, a low performer in Celent’s 2005 report, has significantly revamped its retail platform and has performed exceedingly well registering third overall. Online Resources, Fiserv, and S1 Personal Banking also received relatively strong grades.

As we often ask ourselves around here at Cori, who is not banking online and why?

Do you, Dear Reader, access your banking information online? If not, why not? (Especially considering that you're reading this blog!) Is it a hassle? Concerns about security? Where do you bank online and why? If you don't bank online, what would it take to get you banking and paying bills online? Do you want to pay bills from your phone? Discuss...

Follow up question: I personally haven't written a paper check in at least 5 years, possibly 10. If I could turn off checking all together (like ING Direct's Electric Checking) I'd do it. Who are these older ladies with their checkbooks slowing me down at the Grocery Store, and are you one of these ladies? ;) Seriously, do you write checks, and why?

About Scott

Scott Hanselman is a former professor, former Chief Architect in finance, now speaker, consultant, father, diabetic, and Microsoft employee. I am a failed stand-up comic, a cornrower, and a book author.

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Webinar: Online Banking 2.0

March 1, '07 Comments [7] Posted in Corillian | eFinance
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UPDATE: A recorded REPLAY of this Webcast is available now.

If you're interested in what Corillian does, or just in Banking and eFinance in general, there's a free Web Seminar tomorrow on Online Banking 2.0, March 1st, at 11AM PT/2PM ET.

It's presented by one of Corillian's Product Managers, Max Janasik, and it's going to be pretty interesting. I worked a little on the PPT deck, but what's really interesting is the influence of Social Networking and the general "Common Sense and Good Feelings" around Web 2.0 that we're trying to start spreading around the Banking Community. Starting conversations with your customers, gaining their trust and general business transparency are more and more an issue in the emerging web.

Also, if you're interested because of Corillian's recent announcement about being acquired by CheckFree, you'll see some interesting UI things that both Corillian and CheckFree are working on, and maybe get a glimpse of what a Next Generation Banking experience might look like.

Be sure to register ahead of time.

About Scott

Scott Hanselman is a former professor, former Chief Architect in finance, now speaker, consultant, father, diabetic, and Microsoft employee. I am a failed stand-up comic, a cornrower, and a book author.

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The Next Step: CheckFree to acquire Corillian for $245m

February 14, '07 Comments [10] Posted in Corillian | eFinance
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Big news over here at my company, Corillian. We're being purchased by CheckFree. This is pretty exciting from a technology company, with the challenge being to combine the software services of two companies.

I'm not a business person, nor is this blog about business, so I'll leave the analysis to the analysts. But from a technology perspective this is a very cool opportunity to combine and integrate the world's (IMHO) leading Banking Platform with the world's leading BillPay Platform. I'm stoked for the future.

CheckFree Announces Agreement to Acquire Corillian Corporation

Combination Will Enhance Online Banking, Billing and Payment Experience for Consumers and Small Businesses, and Deliver Greater Flexibility for Financial Institutions

ATLANTA and PORTLAND, Ore., Feb 14, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- CheckFree Corporation (Nasdaq: CKFR) today announced it has entered into a definitive agreement to purchase Corillian Corporation (Nasdaq: CORI), the leading provider of Internet banking software and services. Under the terms of the agreement, CheckFree will acquire all of the outstanding shares of Corillian at a price of $5.15 per share, for a total purchase price of approximately $245 million on a fully diluted basis.

The acquisition will bring together Corillian's widely used online banking platform and complementary suite of financial applications, and CheckFree's industry-leading electronic billing and payment and online transaction services, which include unparalleled electronic billing content and a highly efficient infrastructure that connects banks, billers and millions of consumers. Together, CheckFree and Corillian will be well-positioned to help financial institutions optimize the online channel and drive increased usage of electronic billing and payment.

<snip presidental and ceo quotes>

Corillian supports more than 30 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions with its online financial services strategy. CheckFree processes more than one billion transactions annually and distributes more than 18 million e-bills per month through more than 2,000 financial services sites.

The proposed acquisition is subject to regulatory review, Corillian shareholder approval, and other customary closing conditions, and is expected to close on or about June 1, 2007. CheckFree will finance the transaction with a combination of existing cash balances and revolving debt, although there are no financing contingencies in the merger agreement. CheckFree expects the transaction to be dilutive to CheckFree's GAAP earnings per share in the current fiscal year (ending June 30, 2007) and in 2008, and modestly dilutive to underlying earnings per share in the current fiscal year and in fiscal 2008. The company plans to share specific financial details when the transaction closes.

Conference Call

CheckFree will broadcast a conference call at 11 a.m. EST today to discuss the agreement. Participants should dial 1-877-232-1067 any time after 10:45 a.m. EST and ask for the CheckFree conference call. The live conference call will be accessible through the Investor Center section of the CheckFree website at http://www.checkfreecorp.com. A digital replay of the call will be available on the CheckFree website after 1 p.m. EST.

The Next Step begins...wish us all luck!

About Scott

Scott Hanselman is a former professor, former Chief Architect in finance, now speaker, consultant, father, diabetic, and Microsoft employee. I am a failed stand-up comic, a cornrower, and a book author.

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Disclaimer: The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.