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CHANTILLY, Va.--([ BUSINESS WIRE ])--[ Online Resources Corporation (NASDAQ: ORCC) ], a leading provider of digital financial services, announced that Greg Haney has joined the company as executive vice president of Operations for itsElectronicBill Presentment and Payment (EBPP) business. In his role, Haney will be responsible for ePayment operations and client services.

"Gregas leadership within the industry exemplifies what ORCC aims to offer our customers"

Haney brings nearly 20 years of industry expertise to ORCC. Previously, he served as the senior vice president of Operations of Biller Services for Fiserv, Inc., a provider of technology solutions for the financial industry. While there, Haney was responsible for overseeing daily operations and played a major role in developing strategic relationships with Visa, MasterCard, Discover and others. Haney was also instrumental in creating the business model which allowed BillMatrix (now part of Fiserv) to provide electronic payment services to clients within the boundaries of ACH and card association compliance.

Most recently, Haney was a financial services consultant for electronic payments and interchange management to merchants, payment processors and card-issuing clients to improve their overall operations. Haney has also held audit positions for several companies, including Bank One Corporation, Darling International, Inc. and Sammons Enterprises. He holds a B.B.A. in accounting from Texas A&M University.

aGregas leadership within the industry exemplifies what ORCC aims to offer our customers,a said Joseph L. Cowan, ORCCas president and chief executive officer. aHe has a proven record of creating value for organizations, and as we continue to grow, we are confident his extensive knowledge and expertise in the payments industry will prove to be paramount in our continued success. We look forward to the value he brings to our organization and our clients as we maintain our strategic growth plan.a

About Online Resources

Online Resources Corporation (NASDAQ: ORCC) powers financial interactions between millions of consumers and the companyas 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, ORCC is the largest financial technology provider dedicated to the online channel. For more information, visit [ www.orcc.com ].

This news release contains forward-looking statements based on Online Resources Corporation management's current expectations and beliefs and a number of assumptions concerning future events made with information that is currently available. The words "will," "would," "may," "should," "estimate," "project," "forecast," "intend," "expect," "believe," "target," "designed," "plan," and similar expressions are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements, which are not a guarantee of any results or performance and are subject to a number of known and unknown risks, uncertainties and other factors which could cause actual performance or results to differ materially and adversely from any results or performance expressed or implied by such forward-looking statements. Certain factors that might cause such a difference include, but are not limited to: a history of losses and anticipation of future losses; potential fluctuations in operating results; dependence on the marketing efforts of third parties; potential loss of one or more material clients; potential need for additional capital; potential inability to prevent systems failures and security breaches; potential inability to expand certain services and products in the event of a substantial increase in demand for such services and products; competitive pressures; ability or inability to attract and retain skilled personnel; reliance on patents and other intellectual property; potential change in the rate of user adoption of certain products and services; exposure to consolidation in the financial services industry; and government regulatory developments. For a more detailed description of the factors that could cause such a difference, please refer to our latest filings with the Securities and Exchange Commission, including the information under the heading "Risk Factors" in our latest Annual Report on Form 10-K. We assume no obligation to update or supplement any forward-looking statements.

Online Resources, ORCC and the Online Resources logo are trademarks of Online Resources Corp. Other company and product names and logos used in this release are the trademarks of their respective owners.