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MCLEAN, Va. — Dec. 14

The agreement will add Magnet's capabilities including account balance reporting, ACH origination, book transfers, wire transfers, stop payment, and multi-level user access to Online Resources' comprehensive business banking and cash management solution. Based on the needs of the financial institutions, more robust services can be expanded to include positive pay, lock box and drafts.

Raymond Crosier, Online Resources' chief operating officer, said, "This partnership agreement with Magnet reflects our strategy to build alliances with the industry's leading technology and financial service providers".

"Online Resources is constantly searching for the best Internet-based solutions to integrate with our end-to-end suite of e-financial services. By providing Magnet's line of cash management and business banking solutions, we can offer the latest in Internet banking technology in one convenient Web format," said Crosier. Online Resources expects to launch the expanded cash management services to financial institutions in mid-2001.

Online Resources Corporation (http://www.orcc.com), a leading Internet application service provider, offers a comprehensive suite of e-financial services. The company provides its Quotien (SM) Internet banking, bill payment customer care and other Web-based financial services to approximately 500 financial institutions with 300,000 customer and small business end-users. As part of its suite of services, the company processes approximately 9 million bill payments per year, clearing $2 billion. An integrated database enables seamless user support targeted marketing and personalization. Clients and users benefit from a simple yet powerful Internet solution, backed by an end-to-end service quality guarantee and bundled pricing advantages. Online Resources was founded in 1989 and has 400 employees.

Magnet Communications, The Internet Business Banking Authority, was founded in 1995 and leads the financial supply chain as a premier provider of secure business banking and cash management solutions to banks worldwide through its application service provider (ASP), Magnet Outsource Service. Magnet's Internet Banking Suite is one of the most comprehensive Internet business-banking solutions in the market today and has been selected by some of the world's largest financial institutions. The suite offers more than 15 applications, including digital signatures, image-based lockbox delivery, and foreign exchange. Building on its success in the market, Magnet now also offers iPortBiz, its bank-branded ASP portal, which combines digitally secure cash management services with essential business services, including B2B bill payment, bill presentment, and tax filing, as well as integration with business financial management packages such as QuickBooks® and wireless channels. For more information regarding Magnet Communications or its products and services, please visit www.magnetbanking.com or via email at sales@magnetbanking.com.

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Magnet, Magnet Communications, Magnet Internet Banking Suite, iPortBiz, Magnet Outsource Service and The Internet Business Banking Authority are trademarks and/or service marks of Magnet Communications, Inc.

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. Specifically 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 Form 10-K as filed with the Securities and Exchange Commission.