Kirchman To Offer Seamless Access To Online Resources' Services
Through Advanced Technology, Companies Create Real-Time, Customer-Centric Interface
MCLEAN, Va., January 26, 2004
Online Resources Corp. (Nasdaq: ORCC), a leading outsourcer of Internet banking and payment services, today announced a new partnership agreement with Kirchman Corporation, a leading core banking software solution provider. Under the new agreement, the companies have developed an interface using advanced technology to enable real-time access to Online Resources' full suite of QuotienSM products and services, which Kirchman will market to its client base of more than 1,000 banks.
The interface between Kirchman's core banking software solution, Kirchman BankwayTM, and Online Resources is the first of its kind for the companies and will use IBM Websphere® MQ technology, known as the "gold standard" for message transport. The interface allows Kirchman to offer its bank clients the highest range of functionality of Online Resources' seamlessly integrated online banking and bill payment services as well as Money HQSM, the state-of-the-art online personal financial management and transaction center. The interface enables real-time information exchange in a highly reliable, secure environment.
Kirchman's clients also will be able to take advantage of Online Resources' patented real-time payments gateway, extensive marketing and integrated consumer management services, which converts more than 27 percent of online banking customers to bill payment, one of the highest success rates in the industry.
"Developing this cutting-edge interface with a banking industry pioneer like Kirchman is yet another way Online Resources is demonstrating its commitment to innovation," said Daniel M. Thomas, Online Resources' senior vice president of strategic development. "We look forward to helping Kirchman's clients maximize the value of their Internet channel."
About Online Resources
Online Resources (Nasdaq: ORCC - www.orcc.com) is an outsourcer of Internet banking and payment services to over 550 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 over 100 million transactions and $8 billion in consumer bill payments annually. Founded in 1989, Online Resources has been recognized as one of the nation's fastest growing technology companies.
Media Contact: Beth Halloran,
Director, Corporate Communications
703.394.5248
bhalloran@orcc.com
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