Online Resources Corporation (NASDAQ: ORCC), a leading provider of digital financial services, today announced that Randolph-Brooks Federal Credit Union ($5 billion in assets) has signed a multi-year agreement to implement its Architect TMDigital Banking solution. RBFCU is one of the fastest-growing credit unions in Texas with more than 400,000 members. After an extensive two-year vendor evaluation process, the credit union selected ORCC’s Architect solution to offer its growing member base an outstanding digital banking experience. RBFCU members will not only have a highly intuitive, personalized user experience, but one that adapts to user behavior and preferences. “We selected ORCC because of their solution’s integration capabilities with third-party providers and their proven experience,” said Mary O’Rourke, senior vice president at RBFCU. “Our institution has rapidly grown over the last five years, adding more than 150,000 new members. It was imperative that our online banking platform meet our current and future members’ needs, and Architect offers us the configurability and flexibility to do so.” RBFCU will also be able to offer members new advanced functionality for both retail and small business services within a single, extensible platform. With Architect, the credit union will have full control to easily add or develop their own new and innovative features as new trends or needs emerge as well as manage new configuration and administration as user adoption increases. “Consistently ranked as a superior credit union, RBFCU demonstrates a strong commitment to delivering exceptional, personalized service to its members, and its online banking platform is no exception,” said Eric Labiak, chief sales officer for ORCC. “We’re pleased to work with such an outstanding institution, and we look forward to supporting their needs.” ORCC has been serving community banks and credit unions with industry-leading digital banking and bill payment for more than 15 years. The Company has connections to core processors and ATM networks that provide real-time access to more than 90 percent of checking accounts in the United States and to the 9,000+ domestic biller endpoints within ORCC’s Biller Endpoint Network.
Shares of Online Resources Corporation (Nasdaq:ORCC) were gapping down Wednesday morning with an open price 30.4% lower than Tuesday's closing price. The stock closed at $6.05 yesterday and opened today's trading at $4.21.