AudioTel Makes Online Resources' Bill Payment And Money HQ Available to 800 Client Banks.Business Editors MCLEAN, Va.--(BUSINESS WIRE)--Sept. 8, 2003 Online Resources Corp. (Nasdaq:ORCC ORCC Ohio Regional Campus Conference ORCC Outwardly Rectifying Chloride Channel ORCC Ottawa Regional Cancer Center ORCC Old Roman Catholic Church ORCC Online Resources & Communications Corporation (now named Online Resources Corporation) ), a leading outsourcer of Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the banking and payment services, today announced a new partner agreement with AudioTel Corporation, a financial software provider with more than 800 community-sized client banks. Beginning in the fourth quarter, AudioTel will offer its clients Online Resources' patented Quotien(SM) Internet bill payment service, including Money HQ(SM), the state-of-the-art online personal financial management and transaction center. AudioTel currently provides online banking software to its community bank clients, which range in asset size from $30-150 million. By partnering with Online Resources, AudioTel will make available to its clients seamlessly integrated online bill payment and Money HQ, which includes account aggregation Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. , bill presentment See EBPP. , money movement and alerts. AudioTel's clients also will be able to take advantage of Online Resources' extensive consumer marketing and eCRM services, which converts more than 27 percent of online banking customers to bill payment, one of the highest success rates in the industry. "By offering Online Resources' high quality bill payment, Money HQ's premium services and powerful marketing support, we are giving our clients the ability to compete online with the largest of financial institutions and to retain more of their customers," said Scott Doores, president of AudioTel Corporation. "We look forward to working with AudioTel by providing high quality, cutting edge services that will help their clients further their position as the primary financial institution for their customers," said Raymond T. Crosier crosier bishop’s staff signifying his ruling power. [Christian Symbolism: Appleton, 21] See : Authority , Online Resources' president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . About Online Resources Online Resources (Nasdaq: ORCC - www.orcc.com) is an outsourcer of Internet banking and payment services to over 500 financial institutions nationwide. In contrast to other providers, Online Resources owns, operates and drives critical banking, payments and marketing infrastructure that enable a superior customer experience and Internet channel The Internet Channel is a version of the Opera 9 web browser for use on the Wii by Opera Software and Nintendo.[1] On December 22, 2006, a free beta version (promoted as a "trial version") of the browser was released. success. The company's services, branded to our financial institution clients, power approximately 100 million transactions and $7 billion in consumer bill payments annually. Founded in 1989, Online Resources has been recognized as one of the nation's fastest growing technology companies. About AudioTel Corporation AudioTel Corporation (www.audiotel.com) is a financial software company headquartered in Addison, Texas Addison is a city in Dallas County, Texas (USA). The population was 14,166 at the 2000 census. Addison is a northern suburb of Dallas. The city calls itself the Town of Addison but it is incorporated as a city. . AudioTel provides voice response, online banking and imaging solutions to more than 800 community banks throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company provides installation, training and support for each of its applications. This news release contains statements about future events and expectations, which are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." 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 and anticipation of future losses; the company's dependence on the marketing efforts of third parties; the potential fluctuations in the company's operating results; the company's potential need for additional capital; the company's potential inability to expand the company's services and related products in the event of substantial increases in demand for these services and related products; the company's competition; the company's ability to attract and retain skilled personnel; the company's reliance on the company's patents and other intellectual property; the early stage of market adoption of the services it offers; consolidation of the banking and 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. industry; and those 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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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