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

Online Resources & Communications Corp., (Nasdaq: ORCC) a leading provider of Internet banking services, today announced that GreenPoint Financial Corp., a major regional bank in New York, has signed an agreement to offer Online Resources OpusChoice(sm) online financial services.

"Online Resources' ability to launch our service quickly and its real-time architecture for bill payments were key factors in our decision to partner with ORCC," said GreenPoint Executive Vice President and head of Consumer Banking Ramesh Shah. "We intend to build our brand on the Internet and ORCC's turnkey service and payments systems will help us in many ways."

GreenPoint Financial has $14.8 billion in assets, making it one of the leading regional banks in the New York metropolitan area.

"GreenPoint's recent online initiatives speak volumes about its commitment to using the Internet to grow their business," said Online Resources CEO Matthew P. Lawlor, referring to the bank's GreenPoint Online project. "We look forward to working with them to help achieve their goals."

"We're also very pleased to see yet another large regional bank choose our services," Lawlor added.

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.