ORCC Named Among Top 100 Global Providers of Financial Technology for Ninth Consecutive Year
October 10 2012 - 9:00AM
Business Wire
Online Resources Corporation (NASDAQ: ORCC), a leading provider
of financial technology services, today announced that it was
honored for the ninth consecutive year as a technology leader on
the 2012 FinTech 100 list by American Banker, Bank Technology News,
and IDC Financial Insights. The company ranked 62nd in this annual
listing of technology companies that derive more than one-third of
their revenue from the financial services industry.
“This past year has been very successful for ORCC,” said Joseph
Cowan, president of ORCC. “We have undergone complex infrastructure
upgrades, invested in skilled talent to continue to execute on our
corporate growth strategy, and continued to thrive in a challenging
economic environment. Being ranked on the FinTech 100 is not only
an honor, but further underscores our leadership as a top provider
in the payments industry.”
This year has brought tremendous growth for ORCC. The company
recently opened an office in Metro Atlanta, gaining the capacity to
recruit more than 20 payments professionals. The company also
celebrated the one-year anniversary of its Bangalore, India office
and the addition of 80 new employees to support ORCC’s existing
products and solutions while developing new systems and
technologies. Both offices will increase the capabilities and
delivery options of its banking and bill pay solutions, further
solidifying the company as a technology leader in the financial
technology space.
In addition, ORCC announced two new products from BAI Retail
Delivery yesterday, including Architect Banking 2.0, the company’s
latest digital banking solution, and its Reseller Essentials
platform, a high-value, easy, and quick-to-implement payment
service. Architect 2.0 boasts an updated user experience, new
features, and value-added services to deliver even more
personalization and improve customer loyalty. With Reseller
Essentials, ORCC’s reseller partners can now manage clients by
providing a single application that houses multiple client payment
solutions. The single application allows for fast implementations
while enabling biller clients to configure the branding, payment
channel, and other aspects of its solution.
The FinTech 100 ranking is compiled by American Banker, Bank
Technology News, and IDC Financial Insights. 2012 marks the ninth
consecutive year that IDC Financial Insights and Source Media have
joined forces for this ranking, which is highlighted as a Special
Report in this month's issue of American Banker and in Bank
Technology News. For more information about the FinTech rankings,
visit www.financial-insights.com/fintech. To view the FinTech
Special report, visit www.AmericanBanker.com/fintech100.
ORCC and other award honorees highlighted on this prestigious
roster were recognized at an industry event held during the 2012
BAI Retail Delivery Conference & Expo. ORCC is showcasing its
technology solutions in booth #1453 at the BAI Conference this week
in Washington, D.C.
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.
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