Executive Changes: Two Elected To Online Resources Board Of Directors

Online Resources Corporation (Nasdaq: ORCC), a leading provider of Web-based financial services, today announced web banking technology pioneer, Janey Place, and technology executive and entrepreneur Heidi Roizen have been elected to the Company's Board of Directors.

Dr. Janey Place is a highly respected industry veteran, having served for fourteen years in executive management positions at Wells Fargo, Bank of America and Mellon Financial Services. Her responsibilities included payments, technology strategy and web services. Place also served as President of the Financial Services Technology Consortium, a leading banking technology industry group. Place is now CEO of DigitalThinking, a strategic banking consulting firm, and she advises or serves on the board for several technology companies. Place was recently named one of the top financial service innovators in the last two decades by Bank Technology News.

Heidi Roizen, a widely recognized Silicon Valley technology executive and venture capitalist, was co-founder and CEO of T/Maker, a software provider acquired by Deluxe Corporation in the mid-1990s. She later served with Apple Computer, as vice president of worldwide developer relations, and as a Managing Director with Mobius Venture Capital. Roizen is very active in technology industry affairs, having served as President of the Software Publishers Association and on the Board of Directors of the National Venture Capital Association. Roizen’s most recent venture, SkinnySongs, is a health and fitness company that markets motivational music, apparel, and other products.

“We’re honored to have these two recognized technology leaders join our Board of Directors,” said Matthew P. Lawlor, chairman and chief executive officer of the company. “Both bring a fresh perspective, and a level of experience that is critical to building Online Resources’ future. In particular, Janey brings in-depth knowledge and relationships in the banking industry, and Heidi brings an entrepreneurial view as we build technology alliances and move into the next generation of web-based financial and payment services.”

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. The Company serves more than 10 million end-users and processes over $100 billion in bill payments annually. Founded in 1989, Online Resources is recognized as one of the nation’s fastest growing technology companies.