Oregon Community Credit Union Expands Relationship with ORCC, Adds Architect Digital Banking Solution
CHANTILLY, Va.--(BUSINESS WIRE)-- Online Resources Corporation (NASDAQ: ORCC), a leading provider of digital financial services, today announced that Oregon Community Credit Union, the second largest state-chartered credit union in Oregon, has signed a multi-year agreement to extend use of ORCCs services by implementing the Architect TM Digital Banking solution.
A client of ORCCs bill pay services since 2006, Oregon Community Credit Union will now implement Architect to offer members a single user experience for their banking and bill pay services. Both solutions integrate seamlessly with the credit unions FIS MISER® core solution.
Based on our success with their bill pay solution, selecting ORCC again to further enhance our members experience was logical, said Darrell Stark, chief retail operations officer for Oregon Community Credit Union. For the past six years, ORCC has supported our efforts to provide members a secure and efficient way to make payments, and as our members needs evolve, Architect Digital Banking will allow us to customize our interactions and grow our online and mobile channels.
ORCCs Architect solution will enable Oregon Communitys members to not only have a highly-intuitive, personalized user experience, but one that adapts to user behavior and preferences. Oregon Community will also be able to offer their members new advanced functionality for services such as personal financial management, one-to-one marketing and social media integration. With Architects extensible platform, Oregon Community CU 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.
Oregon Community Credit Union exemplifies a strong commitment to providing exceptional, personalized service, and to do so, it knows that its technology must deliver flexibility and control, said Eric Labiak, chief sales officer for ORCC. Were pleased to continue working with Oregon Community and look forward to helping them grow their membership.
ORCCs Architect solution integrates seamlessly with its Advantage banking bill payment solution, where it has been serving community banks and credit unions as an industry leader for more than 15 years. ORCC 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 ORCCs Biller Endpoint Network.
ORCC Digital Banking and Bill Payment services enable higher electronic rates, faster payment speed and a consistent payment process for its clients and their end users.
About Online Resources Corporation (ORCC)
Online Resources Corporation powers financial interactions between millions of consumers and the companys 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 our latest filings with the Securities and Exchange Commission, including the information 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.
Online Resources Corporation
Mary York Cox, 678-781-7217
Michael Touchton, 678-781-7215
Source: Online Resources CorporationCopyright Business Wire 2012