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Partnership Leverages ORCC's Real-Time Systems and EEI's Brokerage Industry Leadership

MCLEAN, Va., Jan. 3, 2000

Online Resources & Communications Corp. (Nasdaq: ORCC), a leading provider of Internet banking services, and Engineering Enterprises, Inc. (EEI), a leading financial solutions technology provider and systems integrator for major securities firms, announced plans today to integrate real-time Internet banking and bill payment services with brokerage services provided by EEI’s Enterprise FTX technology.

The partnership will enable customers of financial services firms to use the Internet to move money seamlessly among checking, savings and brokerage accounts, pay bills online and initiate securities transactions—all fully integrated and in real-time.

“This partnership is our first step since the recent passage of the banking reform law to help the financial services industry fulfill the law’s promise,” said Online Resources CEO Matthew P. Lawlor. “EEI has an unmatched reputation, especially in the brokerage industry, for delivering integrated software solutions. We plan to work together to mesh brokerage and banking services so that our client financial institutions can offer their customers the online services they’re demanding.”

Online Resources is a leader in the industry in offering integrated real-time banking and bill paying services, said George Anderson, EEI President and CEO. “Online Resources’ patented payment method that allows the merging of the real-time communications of the Internet with the banking industry’s real-time, trusted and secure payments systems offers unprecedented opportunities,” Anderson said. “Customers of our brokerage clients can look forward to investing proceeds from stock transactions in more immediate ways than have been possible before. And with ORCC’s partnerships with other financial services providers, our brokerage clients and Online Resources’ banking institutions can now be the one-stop financial shop our customers say they want.”

This merging of payments and information systems is part of Online Resources’ effort to build the real-time payments infrastructure for e-commerce, Lawlor says. His company hopes to leverage its 10 years of experience in the banking industry with its Internet-based software, systems and services. Online Resources’ patented method involves routing Internet transactions in real-time through the banking industry’s online payments networks, lowering costs and improving security.

These networks, which first enabled the hugely successful ATM machines, are now being used to fuel the escalating growth of debit cards. Next, the networks plan to move into e-commerce. The NYCE Network and the Star Network, both of which have processing agreements with Online Resources, have recently announced plans to explore real-time Internet point-of-sale.

“The world is rapidly moving toward the real-time integration of financial services,” said Lawlor, who has outlined his vision of real-time Internet payments for several financial industry trade publications. “Now, with EEI as a partner, we will move the brokerage industry into the real-time universe and meld it with online banking and bill paying services.”

Online Resources & Communications Corporation (http://www.orcc.com) is a leading outsourcer of privately branded Internet financial services, principally for regional and community banking institutions. The McLean, Virginia-based company has more than 400 institutional clients nationwide.

It 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.

Enterprise Engineering, Inc. (EEI) is a leading provider of enterprise and e-commerce software products for financial services firms. EEI’s product portfolio paves the way for banks, brokerages, and insurers to deliver integrated financial services via the Internet. EEI has created mission-critical systems and provided advanced training and strategic consulting for many Fortune 500 firms.

The company’s key areas of expertise include real-time, Web-based delivery of online banking, brokerage and electronic commerce; online bill payment and presentment; creation of back office capabilities; and advanced technology training.

EEI’s home page is located at http://www.joineei.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.