Online Resources Corporation (NASDAQ: ORCC), a leading provider of financial technology services, today announced that it was honored for the ninth consecutive year as a technology leader on the 2012 FinTech 100 list by American Banker, Bank Technology News, and IDC Financial Insights. The company ranked 62 nd in this annual listing of technology companies that derive more than one-third of their revenue from the financial services industry. “This past year has been very successful for ORCC,” said Joseph Cowan, president of ORCC. “We have undergone complex infrastructure upgrades, invested in skilled talent to continue to execute on our corporate growth strategy, and continued to thrive in a challenging economic environment. Being ranked on the FinTech 100 is not only an honor, but further underscores our leadership as a top provider in the payments industry.” This year has brought tremendous growth for ORCC. The company recently opened an office in Metro Atlanta, gaining the capacity to recruit more than 20 payments professionals. The company also celebrated the one-year anniversary of its Bangalore, India office and the addition of 80 new employees to support ORCC’s existing products and solutions while developing new systems and technologies. Both offices will increase the capabilities and delivery options of its banking and bill pay solutions, further solidifying the company as a technology leader in the financial technology space. In addition, ORCC announced two new products from BAI Retail Delivery yesterday, including Architect Banking 2.0, the company’s latest digital banking solution, and its Reseller Essentials platform, a high-value, easy, and quick-to-implement payment service. Architect 2.0 boasts an updated user experience, new features, and value-added services to deliver even more personalization and improve customer loyalty. With Reseller Essentials, 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. The FinTech 100 ranking is compiled by American Banker, Bank Technology News, and IDC Financial Insights. 2012 marks the ninth consecutive year that IDC Financial Insights and Source Media have joined forces for this ranking, which is highlighted as a Special Report in this month's issue of American Banker and in Bank Technology News. For more information about the FinTech rankings, visit www.financial-insights.com/fintech. To view the FinTech Special report, visit www.AmericanBanker.com/fintech100. ORCC and other award honorees highlighted on this prestigious roster were recognized at an industry event held during the 2012 BAI Retail Delivery Conference & Expo. ORCC is showcasing its technology solutions in booth #1453 at the BAI Conference this week in Washington, D.C.
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.