Online Resources Expands Distribution Channel to Credit Unions; Three Reseller Agreements Signed with Technology and Business Solution Providers.Business Editors/Hi-Tech Writers MCLEAN, Va.--(BUSINESS WIRE)--Aug. 6, 2002 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 e-financial services, today announced it has signed three new reselling agreements with eCU Technologies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Southwest Business Corporation and United Datatronics, Inc. The companies will market Online Resources' Quotien(SM) suite of Internet banking and bill payment services to more than 1,250 financial institutions, primarily credit unions. -- Southwest Business Corporation is a leading provider of insurance and financial business solutions to more than 1,200 financial institutions, serving some of the largest credit unions in the Southwestern and Western regions of the United States. Their 18 sales representatives will market Online Resources' services directly to their clients, as well as through national advertising, regional and national trade shows and their corporate Web site. -- United Datatronics, Inc., is an application service provider (ASP) to credit unions using software from USERS, Inc., a leading credit union data processing vendor and an Online Resources transaction processing alliance partner. Through United Datatronics, Online Resources has already signed remittance service agreements with two credit unions representing 24,000 member checking accounts. United Datatronics provides services to credit unions and credit union shared service centers. -- eCU Technologies, LLC, specializes in the development of information technology products and services such as home banking, online lending, kiosks and report generation. Online Resources will be eCU Technologies' primary Internet bill payment provider. Many of eCU Technologies' clients use Symitar, a premier data processing software provider for credit unions and also an Online Resources transaction processing alliance partner. eCU Technologies' credit union clients represent more than 650,000 members throughout the United States. "We are very pleased to deliver on our commitment to expand our distribution channel by working with all three of these companies, each of which is widely respected in the credit union industry," said Raymond Crosier crosier bishop’s staff signifying his ruling power. [Christian Symbolism: Appleton, 21] See : Authority , 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. of Online Resources. "We expect that through these forerunners in credit union technology and business solutions, Online Resources will see additional new and conversion business as early as next quarter." About eCU Technologies, LLC Created in 2001, eCU Technologies, LLC, is a credit union services organization (CUSO CUSO Credit Union Service Organization CUSO Canadian University Services Overseas CUSO Canadian University Services Organization CUSO Carson United Soccer Organization ) headquartered in Harrisburg, Pennsylvania This article is about the capital city of the Commonwealth of Pennsylvania. For other places named Harrisburg, see Harrisburg (disambiguation). Harrisburg is the capital of the Commonwealth of Pennsylvania, a state of the United States of America. , and is a subsidiary of the Pennsylvania State Employees Credit Union (PSECU PSECU Pennsylvania State Employee's Credit Union PSECU Parma School Employees Credit Union ), one of the nation's most technologically advanced credit unions. eCU Technologies, LLC, specializes in the development and licensing of software and data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a services to credit unions across 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. . About Southwest Business Corporation Southwest Business Corporation is a local and national leader in the 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, providing a diversified menu of insurance and financial solutions for financial institutions. Services include products designed specifically for insurance and marketing needs, such as Collateral Protection Insurance, the Driving Advantage Residual program, AD&D, and employee benefits, as well as a wide range of mortgage loan and alternative investment services. Southwest Business Corporation is based in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . About United Datatronics, Inc. United Datatronics, Inc. (UDI (1) (Unified Display Interface) A digital interface from the United Display Interface SIG that is designed to replace the analog VGA interface common on CRTs and flat panel monitors. UDI is expected to provide backward compatibility with DVI and HDMI interfaces. ) is a credit union services organization (CUSO) founded in 1983, and headquartered in Tallahassee, Florida For other uses, see Tallahassee (disambiguation). Tallahassee is the capital of the State of Florida and the county seat of Leon County. Tallahassee became the capital of Florida in 1824. As of 2006, the population recorded by the U.S. . In addition to offering financial application service processing, UDI and its subsidiaries provide complete Collection Services, Optical Imaging, Data Storage and Retrieval, Network Services, as well as Temporary Staffing and Training services. About Online Resources Online Resources provides outsourced e-financial services to over 500 banks and credit unions. The company's Quotien(SM) suite of Internet banking services includes industry-leading bill payment, call center and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. . The company processes approximately 85 million transactions annually, including $4 billion in consumer bill payments. Online Resources (Nasdaq:ORCC - www.orcc.com) was named one of the nation's fastest growing technology companies in 2001 by Deloitte & Touche. 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 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 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. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion