Online Resources and PeoplesBank Launch iPhone Application
February 22 2010 - 9:00AM
Business Wire
Online Resources Corporation (Nasdaq: ORCC), a leading provider
of online financial services, today announced that it has launched
a downloadable application enabling customers of client PeoplesBank
to access mobile banking and payment services through the iPhone®.
The Massachusetts-based $1.5 billion asset bank is now one of fewer
than 50 U.S. financial institutions that currently offer the iPhone
application through the App Store or iTunes®.
PeoplesBank has used Online Resources’ full suite of retail and
business Internet banking and bill payment services since 1999. An
extension of these online services, the new iPhone application
allows users to view account balances, transaction history,
schedule same day transfers, pay bills, and send and receive secure
in-session messages. PeoplesBank customers simply register online
for mobile access and download the iPhone application, which also
works on iPad® and iPod® touch devices.
“Mobile access for online banking furthers PeoplesBank’s goal to
provide our customers highly convenient services,” said Karen
Buell, Internet Branch Officer for PeoplesBank. “Online Resources
has played a crucial role in our mobile strategy, from development
to marketing to customer care. This is the latest example of
continued innovation we have come to expect from an online channel
specialist and trusted partner.”
“PeoplesBank chose to be a frontrunner in providing mobile
access because it views the online channel, and the convenience it
provides customers, as critical to their success,” said Ron
Bergamesca, executive vice president and general manager of
Community Bank and Credit Union Services for Online Resources. “It
was our priority to enable PeoplesBank’s customers with an iPhone
app that optimizes their mobile banking experience, and we are
pleased to provide the necessary technology, operation and
marketing support required for this highly sought after
service.”
About Online Resources
Online Resources (Nasdaq: ORCC) specializes in powering
financial interactions between millions of consumers and the
company’s financial institution and biller clients, including 12 of
the top 13 U.S. retail banks and 13 of the top 20 U.S. card
issuers. 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, Online
Resources has been recognized for its high growth and product
innovation. It is the largest financial technology provider
dedicated to the online channel. For more information, visit
www.orcc.com.
This news release contains statements about future events and
expectations, which are "forward-looking statements." Any statement
in this release that is not a statement of historical fact may be
deemed to be a forward-looking statement. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the Company's actual results, performance
or achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Specifically factors that might cause
such a difference include, but are not limited to the Company’s:
history of losses; dependence on the marketing efforts of
third parties; potential fluctuations in operating results; ability
to make and successfully integrate acquisitions of new businesses;
potential need for additional capital; potential inability to
prevent systems failures and security breaches; potential inability
to expand services and related products in the event of substantial
increases in demand; competition; ability to attract and retain
skilled personnel; reliance on patents and other intellectual
property; exposure to the early stage of market adoption of the
services it offers; exposure to the consolidation of the banking
and financial services industry; and additional risks and
uncertainties discussed in filings made by the Company with the
Securities and Exchange Commission, including those risks and
uncertainties contained under the heading "Risk Factors" in the
Company's Form 10-K, latest 10-Q, and S-3 as filed with the
Securities and Exchange Commission. These factors should be
considered in evaluating the forward-looking statements, and undue
reliance should not be placed on such statements.
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