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Online Resources Posts Second Quarter 2005 Results
Quarterly Operating Data
(Unaudited)
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Total |
% Change |
| 2Q04 |
3Q04 |
4Q041 |
1Q051 |
2Q05 |
2Q05 vs. 1Q05 |
2Q05 vs. 2Q04 |
ACCOUNT PRESENTATION
Banking Services |
| Users (#K) |
439 |
463 |
485 |
501 |
481 |
-4% |
10% |
| Adoption Rate2 |
19.3% |
21.1% |
22.4% |
27.6% |
28.1% |
2% |
46% |
| Clients |
195 |
180 |
183 |
182 |
180 |
-1% |
-8% |
| Card Services |
| Users (#K) |
n/a |
n/a |
1,986 |
2,213 |
2,405 |
9% |
n/a |
| Adoption Rate3 |
n/a |
n/a |
14.9% |
15.7% |
16.0% |
2% |
n/a |
| Clients |
n/a |
n/a |
6 |
6 |
6 |
0% |
n/a |
PAYMENTS
Banking Services |
| Users (#K) |
651 |
728 |
776 |
828 |
858 |
4% |
32% |
| Adoption Rate4 |
6.2% |
6.8% |
8.2% |
9.0% |
9.5% |
6% |
53% |
| Transactions (#M) |
9.0 |
9.6 |
10.2 |
10.9 |
11.3 |
4% |
26% |
| Clients |
687 |
697 |
716 |
740 |
7405 |
0% |
8% |
RELATIONSHIP MANAGEMENT
Banking Services |
| Products/User |
1.28 |
1.30 |
1.31 |
1.31 |
1.31 |
0% |
2% |
| Upsells6 |
18,693 |
17,060 |
18,980 |
19,897 |
17,961 |
-10% |
-4% |
| Clients |
333 |
341 |
356 |
372 |
388 |
4% |
17% |
| TOTAL ENTERPRISE |
| Unique Users7 (#K) |
| Banking Services |
972 |
1,065 |
1,125 |
1,195 |
1,213 |
2% |
25% |
| Card Services |
n/a |
n/a |
1,986 |
2,213 |
2,405 |
9% |
n/a |
| Total |
972 |
1,065 |
3,111 |
3,408 |
3,618 |
6% |
272% |
| Adoption Rate (Total)8 |
9.2% |
10.0% |
13.6% |
14.6% |
15.1% |
3% |
64% |
| Payment Transactions (#M) |
9.0 |
9.6 |
10.2 |
10.9 |
11.3 |
4% |
26% |
| Unique Clients |
687 |
697 |
722 |
746 |
746 |
0% |
9% |
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Notes:
- Does not include Sears, a Card & Credit Services division
client that was acquired and left in 2Q05.
- The number of users divided by the 1.6 million total launched
checking accounts held with our Banking Services clients. The
numbers of checking accounts are as reported to us by our clients.
- The number of users divided by the 15.0 million active card
accounts held with our Card Services clients. Based on industry
averages, we have defined active card accounts to be 50% of total
card accounts, and like the industry, are reporting adoption rates
against the active card account base.
- The number of users divided by the 9.0 million total payments-eligible
launched checking accounts held with our Banking Services clients.
The numbers of checking accounts are as reported to us by our
clients.
- This number is a result of 32 new client sales, net of 20 non-core
(paper draft only) clients and 12 other clients (of which 4 were
acquired).
- The number of additional services (e.g., bill payment, Money
HQ, Quicken) that banking users enrolled in during the quarter.
- The number of unique users that use either account presentation
services and/or payment services. Some may be counted in both
account presentation and payments.
- The number of users divided by the sum of 15.0 million active
card accounts held with our Card Services clients and the 9.0
million launched checking accounts held with our Banking Services
clients.
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Back
Media Contact: Beth Halloran,
Director, Corporate Communications
Online Resources Corporation
703.653.2248
bhalloran@orcc.com
Investor Contact: Catherine Graham,
EVP & Chief Financial Officer
703.653.3155
cgraham@orcc.com
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