Arlen, Corby keynote Online Resources 1st Client Conference.MCLEAN, Va.--(BUSINESS WIRE)--July 1, 1997-- Interactive Banking Provider Outlines Strategic Direction, Service Initiatives The first annual client conference by Online Resources & Communications Corporation, a leading provider of interactive financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , received high marks for its thoroughness and valuable insight into the company's future direction and service plans, as well as overviews of industry trends by some of the leading authorities in the field. Guest speakers and topics included: Gary Arlen, Arlen Communications, Breaking Through to the Consumer Bill Burnham, Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution , Inc., Electronic Banking & Commerce Catherine Corby, Earnings Performance Group, Evolution of the Remote Banking Industry William Gregor William Gregor (25 December 1761 – 11 June 1817) was the Cornish clergyman and mineralogist who discovered the elemental metal titanium. Early life He was born in Trewarthenick, Cornwall, the son of Francis Gregor and Mary Copley. , Gemini Consulting, Building Profitable Customer Relationships in Retail Banking Thomas Vartanian, Fried, Frank, Harris, Shiver shiver involuntary shaking of the body, as with cold. It is caused by contraction or twitching of the muscles, and is a physiological method of heat production in all animals. & Jacobson, Regulatory Requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. "This was a well organized conference with guest speakers who offered a mix of electronic banking topics and broader issues about the emerging interactive marketplace," said Dan Lynch, vice president, technology banking at California Federal Bank California Federal Bank, often abbreviated to "Cal Fed", was a savings and loan bank in California. It existed from 1926 until 2002, when its parent company Golden State Bancorp was acquired by Citigroup, resulting in the bank being merged into Citibank. , a $30 billion asset client institution of Online Resources. "The session on pricing was particularly illuminating." "Online unveiled key strategic initiatives that will help us attract customers," said Lauren Kastelberg, who is managing PC Home Banking Services at Central Fidelity Bank, which recently announced merger plans with Wachovia Bank to form the largest bank in Virginia. "Online's plan to package our home banking services in a way that will entice consumers to more of our profitable services and open more accounts demonstrates that this company has not only the technological systems needed to compete long-term but the marketing savvy to make this a win- win-win scenario for institutions, consumers and Online." Topics covered by the Online staff included: Long-Range Corporate Strategy Maximizing End-Users Next Generation Architecture Online Banking 3.0 and Beyond Pricing Strategies There are many ways in which the price of a product can be determined. The following are the foremost strategies that businesses are likely to use. Competition-based pricing Setting the price based upon prices of the similar competitor products. Leveraging Electronic Banking Infrastructure Banking and Marketing on the Web The conference was held last week in Annapolis, Md., and attracted more than 75 people from among Online's 96 client institutions. Online recently announced closing a private placement of approximately $20 million of convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". , thereby doubling the total cumulative investment in company since its founding in 1989. As described at the conference, the funds will be used for system hardening, to increase scalability of its processing systems, and to improve its marketing services for client institutions. McLean, Va.-based Online Resources & Communications Corporation. (http://www.orcc.com) provides electronic financial services to institutions for branding and resale to consumers. In addition to online banking, bill paying, securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the , loan approval and electronic commerce solutions, Online Resources offers institutions support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services such as consumer marketing, customer service, training, Web site design and hosting, electronic security systems, network management, fulfillment, billing and technical support. Consumers access services through telephones, screen phones or personal computers linked to the institution through private networks or the Internet. CONTACT: Online Resources Robert Griendling, 703/978-4686; griendling@compuserve.com |
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