CHANTILLY, Va.--(BUSINESS WIRE)--Online Resources Corporation (NASDAQ: ORCC), a leading provider of financial technology services, today announced that Waynesboro, Va.-based DuPont Community Credit Union (DCCU) selected ORCC’s Architect Banking solution and bill payment services. Both solutions integrate seamlessly with the credit union’s existing core platform and will be hosted on-premises at DCCU.
“At DuPont Community Credit Union, we required an online banking and bill pay solution that we could host on-premises as well as one that could provide rich customization tools”
Serving more than 62,000 members, DCCU (currently $835 million in assets) operates 10 branches in the Central Shenandoah Valley, Va. region and has been providing financial services since 1959. The credit union selected ORCC’s Architect solution to provide a highly intuitive, personalized user experience, and one that adapts to user behavior and preferences. With Architect’s advanced functionality, DCCU can offer members services such as online account opening and personal financial management, providing a superior digital banking experience within a single, extensible platform. Through ORCC’s unique Software Development Kit (SDK), DCCU has full control to add or develop new features as trends or needs emerge and user adoption increases.
“At DuPont Community Credit Union, we required an online banking and bill pay solution that we could host on-premises as well as one that could provide rich customization tools,” said Kimberly L. Dean, SVP of Strategic Initiatives for DCCU. “We found that ORCC’s Architect Banking and bill pay solution was the best solution on the market to meet our needs and would seamlessly integrate with our DataSafe core platform. We’re excited about the host of benefits it will bring to our member base, including offering our members a complete and customizable solution that will meet and grow with their evolving needs.”
ORCC’s Architect solution integrates seamlessly with its online banking bill payment solution, which has been serving community banks and credit unions as an industry leader for more than 15 years. ORCC has connections to core processors and ATM networks that provide real-time access to the 9,000+ domestic biller endpoints within ORCC’s Biller Endpoint Network.
“A financial institution’s overall success hinges on its ability to recognize and meet the needs of its members – an area where DuPont Community Credit Union excels,” said Eric Labiak, ORCC’s chief sales officer. “By implementing a flexible, adaptable digital banking solution, designed for their specific needs, DCCU will have a competitive advantage in maximizing member convenience while increasing satisfaction and loyalty. We look forward to working with them to help further their institution.”
ORCC’s digital banking and bill payment services enable higher electronic rates, faster payment speed, and a consistent payment process for its clients and their end users.
About Online Resources Corporation
Online Resources Corporation (NASDAQ: ORCC) powers financial interactions between millions of consumers and the company’s financial institution and biller clients. 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, ORCC is the largest financial technology provider dedicated to the online channel. For more information, visit www.orcc.com.
This news release contains forward-looking statements based on Online Resources Corporation management's current expectations and beliefs and a number of assumptions concerning future events made with information that is currently available. The words "will," "would," "may," "should," "estimate," "project," "forecast," "intend," "expect," "believe," "target," "designed," "plan," and similar expressions are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements, which are not a guarantee of any results or performance and are subject to a number of known and unknown risks, uncertainties and other factors which could cause actual performance or results to differ materially and adversely from any results or performance expressed or implied by such forward-looking statements. Certain factors that might cause such a difference include, but are not limited to: a history of losses and anticipation of future losses; potential fluctuations in operating results; dependence on the marketing efforts of third parties; potential loss of one or more material clients; potential need for additional capital; potential inability to prevent systems failures and security breaches; potential inability to expand certain services and products in the event of a substantial increase in demand for such services and products; competitive pressures; ability or inability to attract and retain skilled personnel; reliance on patents and other intellectual property; potential change in the rate of user adoption of certain products and services; exposure to consolidation in the financial services industry; and government regulatory developments. For a more detailed description of the factors that could cause such differences, readers are advised to review Online Resources Corporation’s latest filings with the Securities and Exchange Commission, including (but not limited to) the information provided under the heading "Risk Factors" in our latest Annual Report on Form 10-K (which filings are available, among other places, from the SEC's EDGAR database at www.sec.gov and via the Company's website at www.ORCC.com).Online Resources assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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