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MCLEAN, Va., July 7 /BUSINESS WIRE/

Online Resources & Communications Corporation (Nasdaq: ORCC - news), a leading provider of outsourced Internet financial services, announced the appointment today of Raymond T. Crosier as chief operating officer.

Crosier, 44, joined Online Resources in 1996 and recently led its client services group, which is responsible for sales, implementation and account management for the company's financial institutional clients. As COO and executive vice president, he will oversee six operating groups. Before joining Online Resources, Crosier served as a senior manager with First Data's TeleCheck division.

Online Resources Chairman and CEO Matthew P. Lawlor said while Crosier has been an outstanding performer, the over-riding criterion in making this crucial appointment was his leadership. ``Ray believes and places his trust in people,'' Lawlor said. ``He has a firm belief that people are what make world class companies, and he supports people in their jobs. With an environment for personal success, I'm confident he can help take Online Resources to the next level of corporate success as we enhance our Financial Hub of Internet financial services.''

In addition, Online Resources appointed Executive Vice President Alex Seltzer, 45, as chief information officer, and George Northup, 40, as executive vice president in addition to his current role as chief financial officer. Each reports to Lawlor, along with Crosier, forming the company's senior executive team. As CIO, Seltzer will oversee the company's complex technology strategy, which includes information policies, long-range technology architecture and MIS policy guidance. He'll also spearhead ORCC's technology partnerships initiatives, which include working with ATM networks for Internet standards. Northup guided the company through its recent IPO that raised $43 million. Previously, he helped raise $37 million in private capital for the company. In addition to his CFO duties, Northup manages the company's human resources, legal and administrative functions.

Online Resources & Communications Corporation provides electronic commerce services to over 350 financial institutions nationwide. Consumer services range from online banking and billpaying to lending, insurance, securities trading and investment information. Customer and technical support, bill payment, real-time processing and marketing assistance, including ORCC's bankonline.com co-brand, are also provided to institutional clients through ORCC's Financial Hub for a fully-integrated and comprehensive solution from a single vendor. The Web site for the McLean, Va. based company is 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. Specific factors that might cause such a difference include, but are not limited to: the company's history of losses and anticipation of future losses; the company's dependence on the marketing efforts of third parties; the potential fluctuations in the company's operating results; the company's potential need for additional capital; the company's potential inability to expand the company's services and related products in the event of substantial increases in demand for these services and related products; the company's competition; the company's ability to attract and retain skilled personnel; the company's reliance on the company's patents and other intellectual property; the early stage of market adoption of the services it offers; consolidation of the banking and financial services industry; and those 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 Registration Statement on Form S-1 as filed with the Securities and Exchange Commission.

Opus is a service mark of Online Resources & Communications Corporation.