Corillian Payment Management Service

At the core of the Corillian Payment Engine is the Biller Directory. The Biller Directory manages and consolidates the detailed information about billers needed to effectively match and route payments to multiple remittance processors. Directory Management Tools can be licensed to automate and analyze the Biller Directory content allowing the FI to obtain the highest possible electronic payment rate. Alternatively, Corillian offers a subscription-based service that forwards a daily update to the financial institution's Biller Directory that includes biller adds, changes and deletions from all remittance providers. The service also includes a monthly analysis of paper payments that can route electronically with recommended payee changes, enabling the financial institution to proactively manage its bill payments, continually optimize payment routing and improve electronic payment rates.