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MCLEAN, Va., Feb. 8

Online Resources announced that it recently completed additional capital financing of $7 million, comprised of convertible preferred stock, from a group of institutional and private investors led by Dominion Ventures of San Francisco, CA.

The new capital will be used to fund Online's expansion as institutions sign on for its Internet and remote banking and bill paying services. The number of Online Resources client financial institutions has grown from 60 toto 315 in the past two years.

McLean, Va.-based Online Resources & Communications Corporation (www.orcc.com) provides electronic commerce services to financial institutions that "privately brand" them. Online's outsourced solutions enable consumers and small businesses to pay bills, bank and use other financial services via PCs through the Internet or private communications networks, or by telephone or the company's ScreenPhone. Online's patented ATM network-based architecture allows real-time transaction processing with major cost and quality benefits. By merging consumer access, content and the payments infrastructure, Online Resources serves as a network of networks and a one-stop electronic commerce solution for financial institutions. The company, founded in 1989, is privately-held and serves 315 financial institutions nationwide.