ATLANTA — CheckFree Corp. has completed its $245 million acquisition of Corillian, giving the combined organization an end-user base of more than 40 million online bankers and 250,000 small businesses.
CheckFree already provided processing of more than two-thirds of all ACH transactions in the United States, the company says, and now serves more than 31 million bill presentment and payment customers as well.
The combined organization also now serves 21 of the 25 largest financial institutions in the country, the company says. Oregon-based Corillian made its name providing online banking and leading-edge phishing detection and other fraud solutions to banks and large credit unions.
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