Online Resources Announces New Bill Payment Partnership

Conversion of Corporate Network eCom Clients to Increase Volume by 25 Percent

MCLEAN, Va., May 29, 2003

Online Resources Corp. (Nasdaq: ORCC), a leading outsourcer of Internet banking and payment services, today announced its partnership with Corporate Network eCom, LLC, the e-commerce subsidiary of $33 billion asset U.S. Central Credit Union. The companies are in the final stages of moving approximately 53,000 active, existing bill payment users from more than 50 of Corporate Network eCom's credit union clients to the Online Resources' platform. As previously disclosed, this conversion will result in an approximate 25 percent increase in payments processed by Online Resources.

Corporate Network eCom provides e-commerce services to credit unions representing two million members and 1.2 million share-draft accounts. Collectively, these credit unions currently process approximately 415,000 bill payment transactions per month. Implementation between Corporate Network eCom's credit unions and Online Resources' bill payment platform began in January, with conversion of their users to conclude in mid-June.

"Online Resources is noted as having one of the industry's highest quality bill payment solutions," said Robert Amundson, Corporate Network eCom's Chief Operating Officer and U.S. Central's senior vice president, correspondent services. "We are very pleased with the entire conversion process as a whole. The smooth transition has reconfirmed our belief that Online Resources is the right choice for the rapidly growing base of credit unions who use our Internet bill payment solutions."

"Corporate Network eCom has built their business on a philosophy of exceptional quality and service. High quality, high touch and high adoption is a winning formula for their credit unions and their members," stated Raymond T. Crosier, Online Resources' President and Chief Operating Officer. "We're pleased to complement their existing offering with our industry leading bill payment and customer care expertise."

About Corporate Network eCom and U.S. Central

Founded as a credit union service organization (CUSO) in 1999, eCom works with corporate credit unions, which serve natural-person credit unions in its field of membership, to provide e-commerce services that are innovative and reliable. Backed by corporates, eCom was built on the premise of addressing market demands, allowing credit unions to offer bill payment and other e-commerce solutions to their members, and maximizing cooperative opportunities. As a majority-owned subsidiary of U.S. Central, which has been providing payment services to credit unions since 1974, eCom combines high-quality systems and competitive pricing with the advantages of the Corporate Network.

U.S. Central Credit Union, with approximately $40 billion in assets, is the nation's only wholesale corporate credit union and is one of the most highly rated depository institutions in the world. Together, U.S. Central and its 31 member corporates comprise the Corporate Credit Union Network, which provides investment, liquidity, lending, payment and cash management services to more than 10,000 credit unions nationwide, which serve more than 80 million consumers.

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 more than 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.

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