ORCC Sets Up India Operations

Top Quote Company's first technology solutions centre comes up in Bangalore. End Quote
  • (1888PressRelease) December 16, 2011 - Online Resources Corporation (Nasdaq: ORCC), a leading provider of online financial services, today announced the commencement of their India operations with the inauguration of their technology solutions centre at Bangalore. Mr. Joseph L. Cowan, President and CEO of ORCC lit the ceremonial lamp to mark the occasion. The inauguration of ORCC's new centre in Bangalore signifies the company's increased focus on extending its reach globally and its focus on India as a centre of importance.

    ORCC, one of the fast-growing online financial service providers in the world, that has the 2nd largest end-to-end payments network, will be utilizing their Bangalore center to further develop their products and services using home grown talent. The company is looking at scaling up their operation in the region by tapping into the wealth of talent available in India. Through the combination of ORCC's leading product line and the wealth of expertise in India, the company will aim to further strengthen its position as a leading provider of online financial services worldwide.

    "It is a significant milestone for ORCC, as a part of our global strategy we are focusing on expanding our business globally and I am happy that India is our first technology solutions centre outside of US. This development and solution centre in India will help us gain a foothold in the Asian market. The Indian operation will support our existing businesses and also give us great opportunities to expand our business into new avenues" said Mr. Joseph L Cowan, President & CEO, ORCC.

    Over the past two decades ORCC has successfully provided trusted solutions to nearly 2,000 banks, credit unions, billers, credit card issuers, account receivables management providers and other credit providers. 1 out of 3 of the top 50 Banks and 7 of the top 12 card issuers in US use the company's services to cater to the ever increasing demand of their customers.

    ORCC's products and services offer a superior consumer experience and competitive advantage which help its clients to achieve internet channel success. ORCC is the only independent company in payments space which creates partnership opportunities with significant revenue potential. The company provides high quality profitable financial services through three business lines namely Bill payment & Transaction processing, online Banking & Account Presentation and Consumer Marketing & Other Services.

    ORCC's Banking Services delivers a great consumer experience through its integrated banking and bill payment services extending to both the retail and business sectors. In Retail Banking, ORCC delivers an exceptionally full range of services that includes account opening and online lending as well as Internet banking and bill payment. In Business Banking, ORCC offers a variety of online business banking services for financial institution, which delivers targeted services to businesses of any size.

    ORCC's ecommerce Services include, Electronic bill presentation which enables the customer to manage their finances with online account information and management tools, Electronic Payment for leveraging a full suite of integrated payments products that you configure and control to manage the customer experience throughout the electronic billing and payment lifecycle and Web Based Collection, with the Virtual Collection Agent™, which offers customers a tool to self-cure in a preferred, no confrontational environment.

    Awards & Recognition
    - Rated as one of the top 100 Companies by in 2010 FinTech 100 by American Banker & Financial Insight.
    - Rated as one of the fastest growing company by Deloitte's 2010 Technology Fast 500
    - ORCC was selected as the Most Influential Collection Technology Product 2008 by The Collection Advisor Magazine
    - Online Resources Corp named among "Top Ten Tech Companies to watch" by Bank Technology News

    About ORCC

    U.S. based 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 has been recognized for its high growth and product innovation. It is the largest financial technology provider dedicated to the online channel. ORCC is headquartered in Chantilly, VA with regional offices throughout the U.S.

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