Online Resources Signs Two Major Conversion Clients

Online Resources Corp. (NASDAQ: ORCC), a leading provider of Internet financial services, announced today it has signed new agreements with two financial institutions for Internet banking and bill payment services. Both clients will convert from competitive platforms to Online Resources in the fourth quarter.

Lockheed Federal Credit Union, a top-50 credit union with 107,000 members, has selected Online Resources’ on-premise Internet banking solution, which the Company added to its product suite through the acquisition of the former Integrated Data Systems earlier this year. Lockheed will also use the Company?s account opening service. Lockheed has approximately 50,000 checking (share draft) accounts and 32,000 online banking users.

MacDill Federal Credit Union, another top-50 credit union with 173,000 members, has contracted for Internet billpay, further solidifying Online Resources’ position as the primary bill payment provider to the credit union market. MacDill also signed on for Money HQSM, a premium financial management service. The credit union will convert 4,000 existing billpay end-users to Online Resources’ platform. MacDill has approximately 100,000 checking (share draft) accounts and 46,000 online banking users.

“These clients chose Online Resources to provide them a superior user experience, higher value from the Internet channel through improved adoption, and a host of innovative services to keep them competitive,” said Raymond T. Crosier, president and COO of Online Resources. “We look forward to surpassing their expectations.”