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TMCNet: American Eagle FCU Chooses Online Resources Customizable Retail and Business Suites

[February 08, 2010]

American Eagle FCU Chooses Online Resources Customizable Retail and Business Suites

CHANTILLY, Va. --(Business Wire)-- Online Resources Corporation (Nasdaq: ORCC), a leading provider of online financial services, today announced that American Eagle Federal Credit Union has signed a multi-year agreement for its retail and business suites of customizable Internet banking, bill payment and other services. American Eagle FCU is the largest community credit union in Connecticut with over 100,000 members and $1 billion in assets.

American Eagle FCU selected the company's hosted banking solutions, which are tailored to the credit union's specific configuration and operating needs and enable extensive client modification of the retail and business user interfaces. The credit union also chose integrated bill payment with enhanced personal financial management (PFM), as well as online account opening.

"As a full-service organization, it is very important to us to work with a specialist to tailor our online services to meet the full spectrum of our members' needs," said Jim Evans, American Eagle FCU's senior vice president, Information Technology. "After a very thorough review, we chose Online Resources because of their product breadth, high level of service and proven integration expertise, particularly with our core provider." Converting from separate banking and bill payment providers, the credit union plans to make the new services available to its members this summer. Online Resources will also provide marketing and call center support.

"Financial institutions seeking competitive differentiation through the online channel are continuing to choose these highly customizable, flexible online solutions," said Ronald J. Bergamesca, executive vice president and general manager of Online Resources' Community Bank and Credit Union Services. "American Eagle FCU views the Internet as a critical part of their progressive, full-service mission, and we look forward to helping them take their online services to the next level." About Online Resources Online Resources (Nasdaq: ORCC) specializes in powering financial interactions between millions of consumers and the company's financial institution and biller clients, including 12 of the top 13 U.S. retail banks and 13 of the top 20 U.S. card issuers. Backed by its proprietary payments gateway that links banks directly with billers, the company provides web and phone-based financial services, electronic payments and marketing services to drive consumer adoption. Founded in 1989, Online Resources has been recognized for its high growth and product innovation. It is the largest financial technology provider dedicated to the online channel. For more information, visit www.orcc.com.

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; dependence on the marketing efforts of third parties; potential fluctuations in operating results; ability to make and successfully integrate acquisitions of new businesses; potential need for additional capital; potential inability to prevent systems failures and security breaches; potential inability to expand services and related products in the event of substantial increases in demand; competition; ability to attract and retain skilled personnel; reliance on patents and other intellectual property; exposure to the early stage of market adoption of the services it offers; exposure to the consolidation of the banking and financial services industry; and additional 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.

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