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ORCC Online Resources Corp. (MM)

3.85
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Online Resources Corp. (MM) NASDAQ:ORCC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.85 0 01:00:00

CUsource Teams with Online Resources for Full Service Banking and Bill Pay

14/02/2011 2:00pm

Business Wire


Online Resources Corp. (MM) (NASDAQ:ORCC)
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Online Resources Corporation (Nasdaq:ORCC), a leading provider of online financial services, and CUsource, LLC, a Montana-based credit union service organization, today announced they have signed a reseller agreement for Internet banking and bill payment services.

The new agreement provides CUsource’s more than 20 credit unions access to Online Resources’ full suite, including personal financial management, mobile banking, expedited payments, consumer marketing and call center services. This year, 11 credit unions representing more than 120,000 members will convert to Online Resources’ platform.

“CUsource is keenly aware of issues and trends affecting our clients’ ability to remain competitive and profitable in an ever-changing financial services marketplace,” said Shirley Bailey, President/CEO of CUsource. “After an intensive research and vetting process, Online Resources’ products and their team of professionals consistently rose to our top pick.”

Members of CUsource’s cooperatives can take advantage of Online Resources’ recently enhanced Internet banking and bill payment application, which was redesigned with highly adaptive, intuitive navigation and seamless premium payments services. The service was created with usability, visual design and information architecture specialists, and was consumer tested to meet the needs of any level of online banker, from the novice statement viewer to the small business user to the experienced power payer.

“Online Resources is able to provide each of our cooperatives with a member-focused online financial experience that is easy to manage on the back side,” reported Brandi Holefelder, Software Services Manager with CUsource. “Our credit unions will be able to offer targeted marketing at an affordable price with Online Resources.”

Online Resources’ service also enables credit unions to leverage member-specific data through marketing tools that maximize awareness and education, boost online member service power and drive adoption and up-sell opportunities. Driven by consumer usage pattern intelligence, the service incorporates contextual messaging throughout the interface, such as help links and advertisements that are timely and relevant to the member.

“We are very pleased to support CUsource’s mission to provide their cooperatives high-quality, innovative solutions, backed by outstanding support,” said Ronald J. Bergamesca, executive vice president of Banking Services for Online Resources. “We believe our solution is ideal for credit unions looking to maximize the value of their online channel and maintain a competitive edge.”

About Online Resources

Online Resources (NASDAQ: ORCC) powers financial interactions between millions of consumers and the company’s financial institution and biller clients. Backed by its proprietary payments gateway that links banks directly with billers, the company provides web and phone-based financial services, electronic payments and marketing services to drive consumer adoption. Founded in 1989, Online Resources is the largest financial technology provider dedicated to the online channel. For more information, visit www.orcc.com.

This news release contains statements about future events and expectations, which are "forward-looking statements." Any statement in this release that is not a statement of historical fact may be deemed to be a forward-looking statement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specifically factors that might cause such a difference include, but are not limited to the Company’s: history of losses; dependence on the marketing efforts of third parties; potential fluctuations in operating results; ability to make and successfully integrate acquisitions of new businesses; potential need for additional capital; potential inability to prevent systems failures and security breaches; potential inability to expand services and related products in the event of substantial increases in demand; competition; ability to attract and retain skilled personnel; reliance on patents and other intellectual property; exposure to the early stage of market adoption of the services it offers; exposure to the consolidation of the banking and financial services industry; and additional risks and uncertainties discussed in filings made by the Company with the Securities and Exchange Commission, including those risks and uncertainties contained under the heading "Risk Factors" in the Company's Form 10-K, latest 10-Q, and S-3 as filed with the Securities and Exchange Commission. These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements.

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