Online Resources Introduces Next Generation of Online Financial Management

MCLEAN, Va., May 6, 2003

Online Resources Corporation (Nasdaq: ORCC), a leading outsourcer of Internet banking and payment services, today announced Money HQ^SM, a major enhancement to its Quotien^SM suite of e-financial services that provides an integrated set of tools for online personal financial management.

Money HQ transforms a consumer's standard online banking service into their primary financial information and transaction center. It offers users new ways to transfer funds and execute payments, backed by timely information and alerts aggregated from online accounts held at other financial service provider and biller sites. Money HQ eliminates the necessity for consumers to visit multiple online sites to view information and to make payments by providing the highest degree of information access, control and convenience.

Money HQ leverages Online Resources' patented real-time payments technology and licensed technology from CashEdge, Inc., a leading provider of secure online account aggregation and funds transfer services. The new tool features financial account aggregation, account-to-account (A2A) transfers, bill presentment, person-to-person (P2P) payments, online account ownership verification, and balance and eBill alerts. In addition, consumers will have the option to conduct next day inter-bank transfers.

Money HQ is the first financial management tool to marry online money movement transactions with account aggregation. Online Resources has tightly integrated Money HQ with its suite of e-financial services, augmented by the Company's leading consumer marketing and customer care capabilities. For example, consumers can seamlessly make bill payments directly from electronic bills presented through Money HQ.

Beginning in July, Money HQ will be piloted with First Regional Bank and Pinnacle Federal Credit Union, two of Online Resources' Internet Banking and Bill Payment financial institution clients. The Company also plans to pilot Money HQ with its standalone Internet Bill Payment clients and anticipates general availability in the fourth quarter. Online Resources' clients will offer the new service to consumers for a modest fee.

"Money HQ will empower our clients to make quantum leaps toward profitability in the Internet channel by satisfying consumers' financial management needs for convenient, user-friendly tools in a centralized location," stated Matthew P. Lawlor, Online Resources' Chairman and CEO. "We are extremely pleased with our partnership with CashEdge. Money HQ is the result of extensive collaboration between our companies, combining the best of our respective technologies to build this exciting new service."

"Money HQ provides a clean, easy-to-use interface that makes advanced online services readily accessible to consumers," stated Beth Robertson, a Senior Analyst with the financial services advisory firm, TowerGroup. "The high level of integration in Money HQ will be a driving factor for accelerated adoption."

Members of the press and analysts are invited to participate in a web cast demonstration of Money HQ by contacting Beth Halloran, Online Resources, at 703.394.5248.

About Online Resources

Online Resources (Nasdaq: ORCC - www.orcc.com) is an outsourcer of Internet banking and payment services to over 500 financial institutions nationwide. In contrast to other providers, Online Resources owns, operates and drives critical banking, payments and marketing infrastructure that enable a superior customer experience and Internet channel success. The company's services, branded to our financial institution clients, power approximately 100 million transactions and $5 billion in consumer bill payments annually. Founded in 1989, Online Resources has been recognized as one of the nation's fastest growing technology companies.

About CashEdge, Inc.

CashEdge® provides infrastructure that global financial institutions rely on to extend their online channels and enhance customer profitability. CashEdge delivers secure Online Money Movement and Advanced Account Aggregation platforms that power specialized retail banking and advisor applications. These proven solutions enable CashEdge's clients to create compelling online offerings that attract customers, generate revenues, and reduce costs. CashEdge serves top-tier financial institutions around the world including Vanguard, RBC Financial Group, CIBC, TD Canada Trust, Laurentian Bank, and Yahoo! Finance. CashEdge has offices in New York and Silicon Valley.

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, latest 10-Q, and S-3 as filed with the Securities and Exchange Commission. These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements.

Media Contact: Beth Halloran,
Director, Corporate Communications
703.394.5248
bhalloran@orcc.com