Online Resources Corporation (NASDAQ: ORCC), a leading provider of financial technology services, announced today from BAI Retail Delivery its Reseller Essentials platform, a high-value, easy, and quick-to-implement payment service. ORCC’s reseller partners can now manage clients by providing a single application that houses multiple client payment solutions. The single application allows for fast implementations while enabling biller clients to configure the branding, payment channel, and other aspects of its solution. Reseller Essentials utilizes ORCC’s existing Payment Advantage suite as its underlying architecture, providing a proven, robust payment processing platform with a feature set tailored to the needs of smaller billers. Both resellers and their biller clients benefit from faster, lower-cost implementations and maintenance. Standardized solutions enable resellers to better manage client relationships, while biller clients have access to solutions that are simple and easy to configure. In addition, resellers can more easily expand relationships with smaller clients and benefit from more prevalent reseller branding. “Our reseller channel is a core component of our corporate strategy,” said Janie West, chief marketing officer of ORCC. “With Reseller Essentials, we aim to improve our program and enhance the on-boarding experience for our reseller partners and their clients. We look forward to better serving the marketplace as well as expanding our partner network to provide more billing institutions with our industry leading Payment Advantage bill payment platform.” Serving businesses as an industry leader in bill payment for more than 20 years, ORCC’s Electronic Bill Presentment and Payment (EBPP) solutions process over 90 million transactions annually for over 600 clients in the United States, including credit card companies, utilities, mortgage, healthcare, auto lending, telecom, and insurance companies. ORCC focuses on companies that have a recurring billing relationship with a consumer and who seek a feature-rich solution that provides an optimized, seamless bill pay experience for the end user.
Reseller Essentials is now available to ORCC’s existing partners and will be made available to new partners in early 2013.About Online Resources Corporation Online 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 differences, readers are advised to review 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 (which filings are available, among other places, from the SEC's EDGAR database at www.sec.gov and via the Company's website at www.ORCC.com ). Online Resources assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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.