N@N

Delta Community Credit Union Selects Online Resources for Billpay

^{Published on 2008-12-01 08:17:05 - Market Wire}
 

CHANTILLY, Va.--([ BUSINESS WIRE ])--Online Resources Corporation (Nasdaq:ORCC), a leading provider of online financial services, today announced that Delta Community Credit Union has signed a multi-year agreement with its Community Bank and Credit Union Services unit for bill payment services. Delta Community is a $2.8 billion asset credit union serving 175,000 residents of the Atlanta metropolitan area, Delta Air Lines employees and other members.

Delta Community will convert to Online Resources' PayAnyone^® service by mid-2009. PayAnyone includes Real-Time Digital Scanline^® (RTDS) proprietary technology, which instantly validates payment and merchant information to produce the highest electronic rate and lowest claims rate in the industry.

The credit union will also offer Online Resources' expedited payments service to guarantee same-day posting for eligible payments. Expedited payments are processed through the company's unique end-to-end payments network, which links its proprietary financial institution gateway with its extensive biller network. The service is seamlessly integrated into the credit union's bill pay application, providing ease of use and greater consumer adoption.

"Online Resources is best positioned to help us deliver seamless bill payment services for an outstanding member experience," said Carol Sundberg, senior vice president of eCommerce for Delta Community Credit Union. "Their unique payments infrastructure and innovative technology provides us the opportunity to take advantage of new services such as expedited payments."

"Delta Community understands that best-of-breed bill payment is a critical element of their online services," said Ronald J. Bergamesca, Online Resources' executive vice president and general manager for Community Bank and Credit Union Services. "As the leading provider of payments to credit unions, we look forward to delivering Delta Community's members high quality service and continued payments innovation."

PayAnyone is part of Online Resources' UNITE Financial Services Suite of comprehensive retail, business, credit and loan, and marketing services designed specifically for community banks and credit unions.

About Online Resources

Online Resources (Nasdaq:ORCC) powers financial interactions between millions of consumers and the company's financial institution and biller clients. Backed by its proprietary payments gateway that links banks directly with billers, the company provides web and phone-based financial services, electronic payments and marketing services to drive consumer adoption. Founded in 1989, Online Resources is the largest financial technology provider dedicated to the online channel. For more information, visit [ www.orcc.com ].

About Delta Community Credit Union

Delta Community Credit Union, one of the largest credit unions in Georgia, was founded in 1940. Today it serves Metro Atlanta, including residents of local counties along with individuals, families and employees of organizations such as Delta Air Lines, Chik-fil-A, Yamaha Motor Manufacturing and Racetrac. As a not-for-profit organization, Delta Community chooses to give back its earnings to its customers and local communities. It is a state-chartered credit union organized under the Georgia Department of Banking and Finance and federally insured by the National Credit Union Share Insurance Fund. For more information, visit [ www.deltacommunitycu.com ].

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; 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 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.