Edward E. Furash Elected To Online Resources Board Of Directors

MCLEAN, Va., July 29, 2003

Online Resources Corp. (Nasdaq: ORCC), a leading outsourcer of Internet banking and payment services, today announced Edward E. Furash has been elected to the Company's Board of Directors. Furash is co-founder and recently retired chairman and chief executive officer of Treasury Bank, N.A., an Internet-based, multi channel financial services company. Furash is also the founder of Furash & Company, a highly respected management consulting firm to the financial services industry, recognized for his work during the thrift and banking crisis of the 1980s and 1990s.

"Widely known as an industry futurist, Ed Furash brings to the Board a unique and intimate perspective of our clients' business and the rapidly changing industry," said Matthew P. Lawlor, chairman and CEO of Online Resources. "As we look ahead at taking additional steps to leverage our strategic assets, Ed's experience will be extremely valuable in helping us create new opportunities for new products and markets."

During his tenure at Treasury Bank, which is now a wholly owned subsidiary of Countrywide Financial Corporation, Furash oversaw the growth in total assets from $72 million to nearly $12 billion. Prior to Treasury Bank, Furash co-founded Monument Financial Group, LLC, a boutique merchant banking firm that specializes in the invention and build-out of novel financial services companies.

In addition to consulting to financial institutions, Mr. Furash has advised major financial trade associations including the American Bankers Association, Robert Morris Associates, the Bank Marketing Association, the Consumer Bankers Association, The Bankers Roundtable (Financial Service Round Table), the Independent Community Bankers Association, and numerous state banking associations. Mr. Furash also serves on the Board of Advisors of the American Association of Bank Directors, the Board of Directors of Philadelphia-based Pennsylvania Business Bank and Washington-based City First, a community development bank. Mr. Furash received a B.A. degree from Harvard College and an M.B.A. from University of Pennsylvania.

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 $6 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