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Business Services Industry

Online Resources Signs Guaranty Federal for Opus Web Banking

Business Wire, June 30, 1999

MCLEAN, Va.--(BUSINESS WIRE)--June 30, 1999--

Online Resources & Communications Corporation (Nasdaq: ORCC), a leading provider of Internet and remote banking services, announced today it will implement its Opus (sm) Web Banking service for Dallas-based Guaranty Federal Bank.

The federal thrift institution has assets of $11 billion and more than 130 offices and 220,000 demand deposit accounts in Texas and California.

"Because it has long been one of the elite financial institutions based in Texas, we're especially enthusiastic about enabling Guaranty Federal to become a financial hub for its customers," said Ray Crosier, executive vice president of client services for Online Resources. "Together, Guaranty and Online Resources can provide consumers with all the services they need to manage their money online."

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Robert Butler, executive vice president of community banking, said Guaranty Federal chose Online Resources for several reasons. "We are very impressed with the quality of Online Resources' banking and bill paying service," Butler said. "Online also has a proven track record of successfully implementing institutions of our size. Though we considered many other firms, we feel we can get to market faster and satisfy our customers needs best implementing Online's comprehensive solution."

Opus Web Banking is a turnkey service that includes all technologies, applications and support systems needed by Guaranty Federal to market, support and brand their Internet services. In addition to home banking and bill paying, applications offered through Online's Financial Services Center include investment information, securities trading, insurance purchasing, remote loan applications, financial planning tools and online shopping. Online will also support Guaranty Federal with consumer marketing programs, customer support systems, transaction processing, communications networks, security services and network management.

Together, these services and technologies form Online's financial electronic commerce hub.

McLean, Va.-based Online Resources & Communications Corporation ( http://www.orcc.com ) is a leading provider of privately-branded outsourced electronic commerce services to regional and community financial institutions. Online's clients connect to its Internet financial hub to deliver its proprietary banking and billpaying services to their retail and small business customers. Complementary financial services, such as loan approval, insurance shopping, investment information and securities trading, are provided through Online's Financial Service Center. Online also operates a fully integrated customer care and technical support center and provides consumer co-marketing support through its BankOnline.com web site and direct marketing services. The company's Opus (sm) services are fully integrated and operate substantially in real-time, for a powerful, single-source solution with a variety of electronic commerce capabilities. Online Resources (Nasdaq: ORCC) was founded in 1989 and serves more than 325 financial institutions nationwide.

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. Specific factors that might cause such a difference include, but are not limited to: the company's history of losses and anticipation of future losses; the company's dependence on the marketing efforts of third parties; the potential fluctuations in the company's operating results; the company's potential need for additional capital; the company's potential inability to expand the company's services and related products in the event of substantial increases in demand for these services and related products; the company's competition; the company's ability to attract and retain skilled personnel; the company's reliance on the company's patents and other intellectual property; the early stage of market adoption of the services it offers; consolidation of the banking and financial services industry; and those 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 Registration Statement on Form S-1 as filed with the Securities and Exchange Commission.

Opus is a service mark of Online Resources & Communications Corp.

Business Services Industry

Online Resources Signs Guaranty Federal for Opus Web Banking

Business Wire, June 30, 1999

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