Online Resources Corporation (NASDAQ: ORCC), a leading provider of financial technology services, announced today its new Mobile Browser Bill Pay solution for businesses to respond to consumer demand to view, pay and suppress their paper bill from the mobile phone. ORCC’s new mobile browser is a quick and easy add-on to the biller’s existing payment system, enabling their consumers to pay their bill with just a few taps on their mobile device. Increasing adoption of the smartphone, along with the explosion of apps on the iPhone and Android are driving more and more consumers to use their mobile devices to manage their lives. Given this ongoing shift towards mobile, consumers are expecting to pay their bills anytime and anywhere. With the growing use and familiarity with mobile devices, consumers have come to expect an intuitive, convenient mobile payment experience when they navigate the web from their mobile phone. When viewing websites from their mobile phone, users quickly become frustrated with how long it takes to pinch to zoom payment websites that were created for desktop computers. ORCC’s Mobile Browser Bill Pay solution was designed with today’s demanding mobile consumer in mind. With ORCC’s Mobile Browser Bill Pay solution, when the biller’s payment website is accessed from a mobile device, the browser solution detects whether the user is accessing the payment website via a desktop computer or a mobile device. If the latter, the customer is automatically routed to the biller’s new, mobile-optimized site. Customer satisfaction is enhanced when the awkward navigation of pinching and zooming in on a non-mobile website is eradicated and replaced with a mobile-friendly, easy-to-use payment experience. Additionally, by providing their consumers with an innovative mobile browser offering, billers reap the benefits of a positive brand interaction with the consumer. “In today’s fast-paced, multi-device environment, consumers increasingly expect to pay their bills through a variety of channels and through the most convenient means,” said Janie West, chief marketing officer of ORCC. “Our new Mobile Browser Bill Pay helps billers deliver a great customer experience. Now, combined with ORCC’s other payment options, billers can deliver a user-friendly solution that allows their customers to better manage their bills through any payment channel, whether its mobile, web, or telephone.”
Mobile Browser Bill Pay makes it easy for billers to offer the convenient payment options their consumers are demanding. Mobile Browser Bill Pay integrates with Online Resources’ other payment choices of Web, IVR and CSR payments so consumers have a consistent payment history and billers get one administrative tool, posting file, and bank deposit. Mobile Browser Bill Pay assures security with PCI compliance, encrypted data transmission and no financial or personal information stored on the phone.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.