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Online Resources Elects Barry Wessler

MCLEAN, Va., March 11, 2000

Online Resources & Communications Corp. (Nasdaq: ORCC), a leading application services provider of Internet banking and bill payment services, today announced Barry Wessler, widely recognized as one of the founders of the Internet, has been elected to the company's board of directors. In the late 1960s at the Advanced Research Projects Agency, Dr. Wessler directed research for the design and implementation of the ARPANet, the forerunner of today's Internet. He is currently an independent consultant in computers and communications and serves on the board of Geo-Centers. Clients include America Online, ASCII Corporation, Santa Clara County (Calif.), Elsag SpA, CelPlan Technologies, KDD America, Teleglobe and the United Nations.

Matthew P. Lawlor, chairman and CEO of Online Resources, said Wessler's strategic technical acumen and business experience will be a critical asset as the company continues to merge the real-time communications capabilities of the Internet with the real-time payments systems of the banking industry. "Barry's technical counsel will be extremely valuable as we further develop internally our Internet-based financial services and partner with best-in-class providers," Lawlor said. "I will look to Barry to help us enhance our financial integration strategies that will make for a seamless offering for our clients."

In 1973, Dr. Wessler co-founded Telenet Communications, a pioneering packet switch service company (now Sprint International), which was later sold to GTE. In the mid-1990s, he was CEO of Plexsys International, a cellular telephone infrastructure manufacturer. Prior to joining Plexsys, Dr. Wessler was founder and president of NetExpress, Inc., a market leader in international facsimile network products and services.

Dr. Wessler received his BSEE in 1965 and MSEE in 1967 from MIT and his Ph.D. in Computer Science from the University of Utah in 1973. Dr. Wessler replaces Michael Lee, a general partner of Dominion Ventures. Dominion invested in several rounds of private financing for Online Resources before the company went public last June. "Michael's keen knowledge of both financial services and technology has been of great value to us," Lawlor said. "He's been an active investor and board member and we're very appreciative of his contributions."

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 over 400 institutional clients nationwide. The company provides consumer bill payment 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 and their retail customers, giving their clients a seamless "hub" solution with a single point of accountability and control.

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.

Online Resources Contact: Robert Griendling,
703/978-4686,
bob@griendling.com