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MCLEAN, Va., Oct. 15 /BUSINESS WIRE/

Online Resources & Communications Corp., (Nasdaq: ORCC) a leading provider of Internet banking services, today announced that California Federal Bank has renewed its contract for online banking and bill pay services.

With $57 billion in assets, Cal Fed is the second largest savings bank in the U.S. and the largest financial institution client of Online Resources. Cal Fed has been an ORCC client since 1997, offering OpusChoicesm, ORCC's turnkey online banking and bill paying service.

"We have been pleased with our partnership with Online Resources," said Cal Fed's First Vice President Pam White. "It has proven to be a good decision for us to outsource our online banking program to a company with a reputation for quality bill pay services."

"Cal Fed's commitment to online services bodes well for both our organizations," said Ray Crosier, COO at Online Resources. "Sign-up of Cal Fed customers for our service continues to be strong, and with approximately 900,000 checking account customers, we expect they will continue to contribute significantly to our end-user numbers in the future."

Online Resources & Communications Corporation (http://www.orcc.com) is a leading outsourcer of privately-branded Internet financial services for regional and community banking institutions. The McLean, Virginia-based company has more than 400 institutional clients nationwide. The company provides consumer bill paying and banking services and aggregates lending, insurance, securities trading and investment services. Online Resources performs real-time processing through its patented EFT gateway and full customer service for client institutions, giving them a comprehensive "hub" solution from a single vendor. Client consumer marketing programs are conducted under the bankonline.com co-brand.

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.

OpusChoice is a service mark of Online Resources & Communications Corp.