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Online Resources And Corillian Enter Reseller Agreement

CHANTILLY, Va. and PORTLAND, Ore., July 31, 2006 – Online Resources Corporation (Nasdaq: ORCC) and Corillian Corporation (Nasdaq: CORI), leading providers of online banking and bill payment services, today announced they have entered a new, multi-year reseller agreement to provide financial institutions comprehensive bill payment services. 

The agreement is an expansion upon a referral arrangement that exists between Corillian and Princeton eCom, which was acquired by Online Resources on July 3, 2006.  Corillian will now also resell Online Resources’ bill payment and customer care services, providing its clients an integrated source for online banking and bill payment services. 

Corillian software enables online banking to an estimated 30 million consumers through its more than 120 bank and credit union customers.  Online Resources provides bill payment and other web-based financial services to over 3800 clients through a variety of direct and distribution partnerships.

“We are excited to build on our long-standing relationship with Princeton eCom as it becomes part of the Online Resources organization,” said Alex Hart, president and chief executive officer of Corillian. “This expanded partnership gives us the ability to more tightly integrate our online banking applications with Online Resources' high quality, high touch payments capabilities, bringing a lot of benefits to our clients. Online Resources has a reputation as a trusted alliance partner, and we are pleased to expand our partnership.” 

“By combining our billpay and customer care strength with Corillian’s distribution and presentment capabilities, we can take our partnership to a new level,” stated Matthew P. Lawlor, chairman and chief executive officer of Online Resources.  “We look forward to expanding this and other relationships that play to the market and product strengths of each partner, while respecting our competitive position elsewhere.”   

About Corillian Corporation  

Corillian is a market leader of online banking, bill payment and fraud prevention applications to the financial services industry. With 28 of the top 100 U.S. banks and 20 of the top 100 U.S. credit unions as customers, Corillian serves over 25 percent of the online banking community. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world.  Corillian features integrated applications across Consumer Banking, Small Business Banking, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Payments Warehouse, Alerts, eStatements, and OFX. Corillian's fraud prevention solutions use Preemptive Forensics™ to protect web sites from phishers, hackers, and fraudsters.  Corillian's strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world’s most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely.  For more information about Corillian Corporation, visit the company’s Web site at http://www.corillian.com.

About Online Resources

Online Resources powers web-based financial services for over 3800 financial institutions, billers and credit service providers. Its proprietary suite of account presentation and payment services are branded to its clients, and augmented by marketing services to drive consumer and business end-user adoption. The Company serves over 8 million billable end-users and processes approximately $75 billion in bill payments annually. Founded in 1989, Online Resources (Nasdaq: ORCC; www.orcc.com) is recognized as one of the nation’s fastest growing 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 each 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, each Company’s: history of losses; dependence on the marketing efforts of third parties; potential fluctuations in operating results; ability to make and successfully integrate acquisitions of new businesses; potential need for additional capital; potential inability to prevent systems failures and security breaches; potential inability to expand services and related products in the event of substantial increases in demand; competition; ability to attract and retain skilled personnel; reliance on patents and other intellectual property; exposure to the early stage of market adoption of the services it offers; exposure to the consolidation of the banking and financial services industry; and additional risks and uncertainties discussed in filings made by each Company with the Securities and Exchange Commission, including those risks and uncertainties contained under the heading "Risk Factors" in each 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