William H. Washecka Elected To Online Resources' Board Of Directors

MCLEAN, Va., March 2, 2004

Online Resources Corp. (Nasdaq: ORCC), a leading outsourcer of Internet banking and payment services, today announced William H. Washecka has been elected to the Company's Board of Directors. Mr. Washecka is a financial expert with nearly 30 years experience with Ernst & Young, L.L.P. He replaces George M. Middlemas, managing general partner of Apex Venture Partners, who resigned from the Board in accordance with his firm's investor guidelines.

Mr. Washecka is a recognized leader in financing and management controls for high-growth technology companies. He established and managed Ernst & Young's High Technology and Emerging Business Practice for the mid-Atlantic region, where he provided audit, tax and consulting services for many well-known companies including America Online, Human Genome Sciences, Mobil Oil and Apple Computer, as well as for Online Resources. Mr. Washecka most recently served as chief financial officer for USinternetworking, Inc., an enterprise and e-commerce software service provider, where he was a major force in improving the company's financial health.

"George Middlemas joined Online Resources in 1997 at a critical time, providing us invaluable support beyond his firm's venture capital investment in building distribution, scaling up the business, going public, and finally driving to profitability. He leaves Online Resources with another success to his credit and our fullest appreciation," said Matthew P. Lawlor, chairman and CEO of Online Resources.

Lawlor continued, "We believe that Bill Washecka will also make a significant contribution to our Board, as the firm moves to its next phase where we begin to leverage our business into new markets, decentralize management and controls, and move to capitalize on new strategic opportunities. We welcome Bill and look forward to his participation on our Board of Directors."

Mr. Washecka also currently serves on the Board of Directors for Visual Networks, Inc., a performance management solutions provider. He is a graduate of Bernard Baruch College of New York and the Kellogg Executive Management Program. Mr. Washecka is a certified public accountant licensed in Maryland, Virginia, Washington, D.C. and New York.

About Online Resources

Online Resources (Nasdaq: ORCC - www.orcc.com) is an outsourcer of Internet banking and payment services to over 600 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 widely 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