[Toronto, CANADA] -- 724 Solutions Inc., an Internet infrastructure software developer for financial services providers, and Corillian Corporation, which offers eFinance solutions, are working to provide financial services firms with seamless wired and wireless Internet banking solutions.

The scalable product will be based upon the 724 Solutions Financial Services Platform and will enable wireless banking functionality for Wireless Application Protocol (WAP)-enabled phones, in combination with Corillian's Voyager platform. The product will be jointly marketed, and made available exclusively through Corillian.

Corillian Corporation's Voyager eFinance Suite is built on the Windows NT operating system and supports Internet-based banking, bill delivery and payment, brokerage, target marketing, and small business transactions.

The joint solution is expected to be available in the fourth quarter of 2000. The wireless banking functionality enabled by 724 Solutions will allow consumers to use their WAP-enabled mobile phones to view account balances and transaction histories, transfer funds, pay bills, and order checks.

Ted Spooner, president and chief executive officer of Corillian said, "Corillian offers financial service providers the flexibility to have their Internet banking operations hosted or on-site, and the scalability to service millions of their online customers. By choosing 724 Solutions as our trusted wireless solution partner, we are rounding out our solution by adding valuable wireless banking capabilities." The company is based in Beaverton, Ore.

724 Solutions' services enable financial institutions to offer personalized online banking, brokerage and e-commerce services across a range of Internet-enabled wireless and consumer electronic devices. Customers can access online banking and brokerage services through network service providers using digital mobile phones, personal digital assistants, two-way pagers and personal computers. Headquartered in Toronto, the company has offices in London, San Francisco, Sydney, and Tokyo.

International Data Corporation (IDC) estimates that by 2004, the number of people accessing the Internet via WAP phones (1.3 billion) will outnumber those who access it via wired devices (7.2 million).