CHANTILLY, Va.--(BUSINESS WIRE)--
Online Resources Corporation (Nasdaq: ORCC), a leading provider of
online financial services, today announced that $1.1 billion asset
American Heritage Federal Credit Union has signed a multi-year agreement
for the Company's Architect retail banking software solution.
Pennsylvania-based American Heritage will convert to Online Resources'
solution in early 2012, providing its more than 110,000 members access
to a highly intuitive, personalized online banking experience. At the
same time, the advanced banking solution provides the Credit Union
access to robust tools and technology that enable a high level of
control over the administration and future enhancement of the service.
"We chose Online Resources' Architect solution because it provides the
best of both worlds: a superior online experience for our members as
well as flexible technology to help us grow our online channel in the
future," said Kevin P. Tressel, vice president of Information Systems
for American Heritage Federal Credit Union. "We look forward to working
with Online Resources to leverage their powerful software solution for
The Architect software's adaptive navigation enables American Heritage's
members to tailor the interface to their preferences. In addition, a
client toolbox provides the Credit Union full control of the
administration, configuration and ongoing maintenance of the service, to
further address the needs of different member segments.
In addition, the Architect software includes advanced functionality such
as online account opening, personal financial management, one-to-one
marketing and social media integration. With its extensible platform,
the Credit Union can easily add innovative, new features as trends and
technologies emerge and end-user adoption increases.
"Like other successful credit unions today, American Heritage knows that
in order to provide their members a superior online service, the
technology must deliver a high level of flexibility and control," said
Eric M. Labiak, chief sales officer for Online Resources. "We look
forward to working with American Heritage to adapt and grow its online
banking presence as its members' needs change and adoption increases."
About Online Resources
Online Resources (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, Online Resources is the largest
financial technology provider dedicated to the online channel. For more
information, visit www.orcc.com.
About American Heritage Federal Credit Union
American Heritage Federal Credit Union is a $1.1 billion member-owned
financial cooperative serving over 700 select employee groups. It is the
country's 158th largest credit union with over 110,000
members and 24 branches in Philadelphia, Bucks and Montgomery Counties
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 a
difference, please refer to our latest filings with the Securities and
Exchange Commission, including the information under the heading "Risk
Factors" in our Annual Report on Form 10-K. We assume no obligation to
update or supplement any forward-looking statements.
Online Resources and the Online Resources logo are trademarks of
Online Resources Corp. Other company and product names may be trademarks
of their respective owners.
Online Resources Corporation
Sr. Dir., Corporate Communications
Source: Online Resources Corporation
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