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Online Resources Renews Full Service Agreement with Ohio Savings Bank

CHANTILLY, Va., April 5, 2006

Online Resources Corporation (Nasdaq: ORCC), a leading provider of Internet financial services, today announced that Ohio Savings Bank has renewed its agreement for full service Internet banking and bill payment services. The $16 billion asset bank is one of the 20 largest mortgage lenders in the United States.

Since converting to Online Resources' platform in early 2003, Ohio Savings Bank has more than doubled its online banking adoption rate to twice the industry average and increased its bill payment adoption rate seven-fold. During the same period, the Bank also significantly increased its customer base.

Ohio Savings Bank takes advantage of Online Resources' unique full service Internet banking and payments platform, which includes the Company's extensive Relationship Management Services. These services combine consumer marketing expertise, data intelligence and multiple consumer touch points to increase consumer adoption.

"Online Resources continues to deliver on their promise to maximize the value of our Internet channel by dramatically raising our adoption rates," said Jo Ann Boylan, executive vice president and chief technology officer for Ohio Savings Bank. "Through Online Resources' integrated full service platform, we gain a single point of web channel accountability - not only for operations and technology, but also for the marketing capabilities to drive channel profitability."

"Three years ago, we set out to provide Ohio Savings Bank with Internet channel profitability through increased adoption," said Raymond T. Crosier, president and chief operating officer for Online Resources. "We are pleased to have made great strides towards that goal, along with providing an outstanding customer experience and innovative technology that distinguishes Ohio Savings Bank."

 

About Online Resources

Online Resources powers Internet financial services for over 800 firms nationwide. The Company's proprietary account presentation, payment, relationship management and professional services are branded to its client banks, credit unions, card issuers and payment acquirers. The Company serves over four million consumer end-users and processes $15 billion in payments annually. Founded in 1989, Online Resources (Nasdaq: ORCC, Website: www.orcc.com) has been widely recognized as one of the nation's fastest growing technology firms.



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
703.653.2248
bhalloran@orcc.com

Investor Contact: Catherine Graham,
EVP & Chief Financial Officer
703.653.3155
cgraham@orcc.com