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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

Waste Industries USA Selects Online Resources for Bill Payment Services

25/01/2011 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, today announced that Waste Industries, one of the top 20 largest solid waste services companies in the U.S., has chosen Online Resources for its electronic payment services and will participate in the company’s Visa payments program for utilities.

In the first quarter, Waste Industries will convert to Online Resources’ eCom AdvantageSM suite, providing its customers multiple options to pay their bills through the Web and phone. In addition, Waste Industries is opting to take advantage of Online Resources’ program for utilities which lowers overall payment processing costs and enables their customers to use a Visa card in more payment channels.

Waste Industries will also use Online Resources’ one-click enrollment service to maximize the conversion of customers who use their web site for one-time payments into enrolled customers. The enrollment service enables Waste Industries to build deeper customer relationships and increase timely payments while providing customers a streamlined registration process for accessing e-statements, one-time or recurring payments, reminders and alerts, and customer support information.

“Waste Industries selected Online Resources for its ability to help us provide our customers a superior online payments experience,” said Pamela M. Schaard, Director of Information Technology for Waste Industries. “Their payments leadership, evident in their relationship with Visa as well as in their innovative one-click enrollment, will help our consumers become repeat electronic payers.”

“Waste Industries is a progressive company that demands the latest in payments innovation to improve service across their business,” said Robert R. Craig, executive vice president of eCommerce Services for Online Resources Corp. “We are very pleased to be able to meet their needs for offering their customers preferred payment types through a robust electronic payment service.”

Online Resources currently provides more than 70 government and private water, sewer, electric, gas, and waste utilities across the U.S. with eCom Advantage electronic bill payment, presentment and receivables solutions. Online Resources’ utility clients are able to provide their customers convenient options for making payments and real-time acknowledgment of payment posting, which can prevent the inconvenience of costly shut-offs.

About Online Resources

Online Resources (Nasdaq: ORCC) specializes in powering 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 has been recognized for its high growth and product innovation. It is the largest financial technology provider dedicated to the online channel. For more information, visit http://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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