Executive Change: Payments Industry Exec Joins Online Resources

Chantilly, Va.-based Online Resources Corporation (Nasdaq: ORCC), a leading provider of web-based financial services, announced that Stephen R. Winston has been named senior director of payment industry relations for the company’s eCommerce Services unit. Mr. Winston is the primary liaison between Online Resources and key industry organizations, including the payment networks.

Mr. Winston joins Online Resources with 25 years of experience in the payments industry, specifically in the banking and card sectors. Most recently he was Capital One’s vice president of Treasury Operations, where he oversaw the growth of the ACH electronic payments program to become one of the largest in the U.S. He has also served at SunTrust Bank and Signet Bank. In addition, Mr. Winston has served on the NACHA Board of Directors and the 5th District Federal Reserve Operations Advisory Committee. Mr. Winston’s team was a recipient of the Alexander Hamilton Award for payment innovation by creating “same-day ACH” processing for Capital One and received quality awards from NACHA.

Mr. Winston reports to William Kinnelly, senior vice president of product marketing of Online Resources’ eCommerce Services, which provides electronic billing solutions for presentment, payment and receivables to recurring billers in many industries. Through eCommerce Services, the company currently serves 8 of the top 20 U.S. card issuers, as well as more than 500 leading billers across multiple industry segments.

“We are very pleased for Steve to join as Online Resources’ primary representative to the payments industry,” said Kinnelly. “Our biller clients place high value on our investments in compliance, security, privacy, and innovation. Steve’s role is a deepening of that investment. He brings with him extensive experience and in-depth knowledge of the complexities of this business, and will play a key role in the strategic growth of our comprehensive commercial payments business.”

About Online Resources
Online Resources powers web-based financial services for thousands of financial institutions, billers and credit service providers. Its proprietary suite of account presentation and payment services are branded to its clients, and augmented by marketing services to drive consumer and business end-user adoption. Founded in 1989, Online Resources is recognized as one of the nation’s fastest growing technology companies.