Online Resources Corporation (NASDAQ: ORCC), a leading provider of financial technology services, today announced that Wings Financial Credit Union ($3.8 billion in assets) has selected ORCC’s ArchitectBanking solution and bill payment services to enhance its services to over 200,000 members. Wings Financial was founded in 1938 to serve employees of Northwest Airlines. It now serves air transportation employees nationwide as well as residents of the Minneapolis/St. Paul and Seattle/Tacoma metropolitan areas. The institution selected Architect Banking for its ability to grow online banking applications as the needs of the Wings member base change, all while providing a user experience that is highly intuitive and personalized to members’ unique preferences and needs. With Architect, Wings Financial gains the capability to seamlessly integrate other best-of-breed technologies into their banking solution to expand their service offering. Through Architect’s advanced functionality for services such as online account opening, personal financial management, one-to-one marketing and social media integration, Wings Financial’s members will have access to a superior digital banking experience within a single, extensible platform. In addition, the institution will be able to easily add or develop new features as trends or needs emerge and user adoption increases. By also leveraging ORCC’s bill payment services, Wings Financial benefits from an industry-leading Payment Guarantee and rich heritage of payment services that deliver reliable and accurate bill pay solutions, seamlessly integrated within Architect Banking. ORCC’s Electronic Biller Directory and proprietary Real-time Digital Scanline® technology maximizes payment accuracy for both Wings Financial and their members, resulting in faster payment delivery and fewer payment errors. “For nearly 75 years, we have been dedicated to providing our unique member base with exceptional service, and by partnering with ORCC, we build on that tradition,” said David Mason, VP/CIO of Wings Financial. “Architect gives us a new level of system performance that enables us to grow in parallel with our members’ needs and be a leader in the deployment of today’s newest technologies – including mobile banking and bill payment applications.”
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.