CUsource Teams with Online Resources for Full Service Banking and Bill Pay
February 14 2011 - 9:00AM
Business Wire
Online Resources Corporation (Nasdaq:ORCC), a leading provider
of online financial services, and CUsource, LLC, a Montana-based
credit union service organization, today announced they have signed
a reseller agreement for Internet banking and bill payment
services.
The new agreement provides CUsource’s more than 20 credit unions
access to Online Resources’ full suite, including personal
financial management, mobile banking, expedited payments, consumer
marketing and call center services. This year, 11 credit unions
representing more than 120,000 members will convert to Online
Resources’ platform.
“CUsource is keenly aware of issues and trends affecting our
clients’ ability to remain competitive and profitable in an
ever-changing financial services marketplace,” said Shirley Bailey,
President/CEO of CUsource. “After an intensive research and vetting
process, Online Resources’ products and their team of professionals
consistently rose to our top pick.”
Members of CUsource’s cooperatives can take advantage of Online
Resources’ recently enhanced Internet banking and bill payment
application, which was redesigned with highly adaptive, intuitive
navigation and seamless premium payments services. The service was
created with usability, visual design and information architecture
specialists, and was consumer tested to meet the needs of any level
of online banker, from the novice statement viewer to the small
business user to the experienced power payer.
“Online Resources is able to provide each of our cooperatives
with a member-focused online financial experience that is easy to
manage on the back side,” reported Brandi Holefelder, Software
Services Manager with CUsource. “Our credit unions will be able to
offer targeted marketing at an affordable price with Online
Resources.”
Online Resources’ service also enables credit unions to leverage
member-specific data through marketing tools that maximize
awareness and education, boost online member service power and
drive adoption and up-sell opportunities. Driven by consumer usage
pattern intelligence, the service incorporates contextual messaging
throughout the interface, such as help links and advertisements
that are timely and relevant to the member.
“We are very pleased to support CUsource’s mission to provide
their cooperatives high-quality, innovative solutions, backed by
outstanding support,” said Ronald J. Bergamesca, executive vice
president of Banking Services for Online Resources. “We believe our
solution is ideal for credit unions looking to maximize the value
of their online channel and maintain a competitive edge.”
About Online Resources
Online Resources (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, Online Resources 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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