Top 20 U.S. Waste Utility Takes Advantage of New Visa Payments Program
CHANTILLY, Va.--(BUSINESS WIRE)--
Online Resources Corporation (Nasdaq: ORCC), a leading provider of
online financial services, today announced that Waste Industries, one of
the top 20 largest solid waste services companies in the U.S., has
chosen Online Resources for its electronic payment services and will
participate in the company's Visa payments program for utilities.
In the first quarter, Waste Industries will convert to Online Resources'
eCom AdvantageSM suite, providing its customers multiple
options to pay their bills through the Web and phone. In addition, Waste
Industries is opting to take advantage of Online Resources' program for
utilities which lowers overall payment processing costs and enables
their customers to use a Visa card in more payment channels.
Waste Industries will also use Online Resources' one-click enrollment
service to maximize the conversion of customers who use their web site
for one-time payments into enrolled customers. The enrollment service
enables Waste Industries to build deeper customer relationships and
increase timely payments while providing customers a streamlined
registration process for accessing e-statements, one-time or recurring
payments, reminders and alerts, and customer support information.
"Waste Industries selected Online Resources for its ability to help us
provide our customers a superior online payments experience," said
Pamela M. Schaard, Director of Information Technology for Waste
Industries. "Their payments leadership, evident in their relationship
with Visa as well as in their innovative one-click enrollment, will help
our consumers become repeat electronic payers."
"Waste Industries is a progressive company that demands the latest in
payments innovation to improve service across their business," said
Robert R. Craig, executive vice president of eCommerce Services for
Online Resources Corp. "We are very pleased to be able to meet their
needs for offering their customers preferred payment types through a
robust electronic payment service."
Online Resources currently provides more than 70 government and private
water, sewer, electric, gas, and waste utilities across the U.S. with
eCom Advantage electronic bill payment, presentment and receivables
solutions. Online Resources' utility clients are able to provide their
customers convenient options for making payments and real-time
acknowledgment of payment posting, which can prevent the inconvenience
of costly shut-offs.
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. 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 http://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.
Online Resources Corporation
Beth Halloran, 703-653-2248
Dir., Corporate Communications
Source: Online Resources Corporation
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