Online Resources Renews Four Large Financial Institutions.

Business Editors

MCLEAN, Va.--(BUSINESS WIRE)--May 26, 2004

Online Resources Corp. (Nasdaq:ORCC), a leading outsourcer of online banking and payment services, today announced it has renewed contracts with four financial institution clients with aggregate assets exceeding $25 billion. Each client has signed a three-to-five year agreement to expand the range of Quotien(SM) e-financial services provided to its consumers through Online Resources.

Citizens Equity First Credit Union (CEFCU), a $2.6 billion asset credit union that serves the employees of more than 550 companies in Central Illinois, executed an early renewal for bill payment services. An Online Resources client since 2001, CEFCU will expand its services to include the Company's ICM marketing programs.

Harbor Federal Savings Bank, one of the largest independent financial institutions in Florida with $2.5 billion in assets, has renewed its agreement for bill payment services. A client since 1999, Harbor Federal has also contracted for Online Resources' business services.

WestBanco Bank Inc., a $3.4 billion asset bank that operates more than 70 banking centers in West Virginia, Ohio and Pennsylvania, has renewed its agreement for bill payment services. A client since 2000, WestBanco has also contracted for a direct connection to Online Resources.

Finally, a large financial institution with more than $17 billion in assets has utilized Online Resources' full service suite since 1999. With the multi-year renewal, the client will add check imaging and supplementary marketing services to the online banking, payments, consumer contact and other services it currently receives.

"We appreciate the continued confidence of these valued clients," stated Raymond T. Crosier, president and chief operating officer of Online Resources. "We remain committed to providing them an outstanding consumer experience, powerful information and marketing services to drive Internet channel profitability, and innovative technology to help them stay competitive in the rapidly changing e-financial services environment."

About Online Resources

Online Resources (Nasdaq:ORCC) (www.orcc.com) is an outsourcer of Internet banking and payment services to over 650 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 success. The company's services, branded to our financial institution clients, power over 100 million transactions and $9 billion in consumer bill payments annually. Founded in 1989, Online Resources has been widely recognized as one of the nation's fastest growing technology companies.

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, 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.