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 TM Digital 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.
About Online Resources CorporationOnline Resources Corporation (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, 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 Online Resources Corporation’s latest filings with the Securities and Exchange Commission, including (but not limited to) the information provided 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.