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MCLEAN, Va., Jan. 25, 2000

Online Resources & Communications Corp., a leading provider of Internet banking services, today announced support for version 2.0 of the Open Financial Exchange (OFX 2.0) and outlined the company's strategy for employing the new standard on behalf of Online Resources' more than 400 financial institutional clients.

"OFX 2.0 will help us fulfill one of the visions we have for our clients—the seamless transfer through our Financial Hub of online account information to and from personal financial management software many consumers use on their desktops," said CIO Alex Seltzer. "We want to make it easy for institutions to offer online financial services to their customers. One way is to provide smooth connections between the 11 million Quicken® and QuickBooks® users and their financial institutions. OFX 2.0 helps us do just that. We increase flexibility for institutions offering Internet-based services, which is part of our Hub strategy."

Seltzer said XML (Extensible Mark-Up Language), a standard language for describing business information, is a good foundation for OFX, due to its popularity and the availability of standard software tools. XML enables faster, cheaper, more standard integration with content and business applications on the Internet. Providing more Internet-based content and applications is also part of the company's Hub strategy.

Seltzer also outlined today Online Resources' OFX strategy, saying the company plans to use the standard to launch financial services for small businesses that use Intuit's Quicken and QuickBooks and to integrate real-time brokerage services with real-time banking and bill paying. The company is testing integrated brokerage services using an OFX server from Enterprise Engineering, Inc. (EEI), a leading financial technology provider and systems integrator for major securities firms. The Web-based service will enable users of financial services to move money seamlessly among checking, savings and brokerage accounts, pay bills online and initiate securities transactions—all fully integrated and in real-time. Seamless financial integration is yet another aspect of the Hub strategy.

"OFX 2.0 with XML will allow us to move information as quickly and easily as we move money itself using our advanced payment systems," said Seltzer. "OFX 2.0 is another standard to help marry the Internet with the banking industry's trusted real-time payments networks."

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. 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.

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.