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Online Resources' Bill Payment Services to Integrate with Symitar's Service Offerings

MCLEAN, Va., Oct. 25 /BUSINESS WIRE/

Online Resources & Communications Corp. (Nasdaq: ORCC), a leading provider of Internet banking services, today announced that Symitar Systems, a premier data processor for credit unions nationwide, will integrate its online banking and data processing services with Online Resources' bill payment services for an end-to-end solution for the nation's credit unions.

Symitar's 240 credit union clients have approximately 2.5 million share draft account holders — all potential end-users of Online Resources' Internet banking service.

Symitar Chief Operating Officer Bruce H. Cormode said ORCC's bill pay services are a perfect match with Symitar's services. "Our two companies share a commitment to excellence," Cormode said. "Online Resources' real-time bill payment service uses only guaranteed funds and is fast gaining an industry-wide reputation for quality. Combining it with their customer service center and marketing materials and our data processing systems and online banking program will put our credit unions on the front lines in the battle for Internet banking users."

"Symitar Systems is widely respected among credit unions for its advanced information, financial, management, and network solutions," said Online Resources Managing Director of Alternative Delivery, Harvey Abelson. "Together, our companies will enable Symitar's credit unions to launch integrated bill payment services using the nation's interconnected online networks to help credit unions retain members and increase the number of account relationships with them."

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.

Symitar Systems, Inc., provides data processing systems with advanced information, financial, management, and network solutions for credit unions. The Symitar system is based on integration, client server technology, and flexibility. Symitar's software runs on the IBM RS/6000™ line of computers under the AIX (UNIX®) operating system. Founded in 1984, Symitar Systems has signed more than 200 credit unions throughout the United States and abroad. With headquarters at 404 Camino del Rio South, San Diego, California, Symitar also maintains satellite offices in Los Angeles; Washington, D.C.; Knoxville, Tennessee; Jacksonville, Florida; Seattle, Washington; and Madison, Wisconsin.

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.