Scient Federal Credit Union Adds ORCC’s Architect Digital Banking Platform and Bill Pay Services to Enhance Member Experience
10 Octobre 2012 - 3:00PM
Business Wire
Online Resources Corporation (NASDAQ: ORCC), a leading provider
of financial technology services, today announced that Scient
Federal Credit Union (formerly Ledge Light Federal Credit
Union) successfully implemented ORCC’s
Architect TM digital banking solution and bill payment services to
enhance its offerings to its 11,000 members nationwide.
Scient (currently $200 million in assets) is the ninth largest
credit union in Connecticut and has been delivering financial
services customized for the life science industry for over 40
years. Scient selected ORCC’s Architect solution to provide not
only a highly intuitive, personalized user experience, but one that
also adapts to user behavior and preferences. Architect’s advanced
functionality for services such as online account opening, personal
financial management, one-to-one marketing, and social media
integration will provide its member base a superior digital banking
experience within a single, extensible platform. In addition,
Scient will have full control in adding or developing new features
as trends or needs emerge and user adoption increases.
“As an institution that has built its reputation by providing
customized financial services for the pharmaceutical industry for
more than 40 years, our dedication is, and has always been, to
serve the needs of our members,” said Bruce Fafard of Scient
Federal Credit Union. “Architect’s flexibility helps us continue
that mission by providing the strong, individualized level of
service our existing members have come to rely on, while
accelerating the development of our digital banking services.”
ORCC’s Architect solution integrates seamlessly with its banking
bill payment solution, where it has been serving community banks
and credit unions as an industry leader for more than 15 years.
ORCC has connections to core processors and ATM networks that
provide real-time access to more than 90 percent of checking
accounts in the United States and to the 9,000+ domestic biller
endpoints within ORCC’s Biller Endpoint Network.
“Scient Federal Credit Union is known for serving the needs of
its growing member base with excellence,” said Eric Labiak, ORCC’s
chief sales officer. “Adding to an already highly-personalized
experience, ORCC’s Architect and bill payment services will ensure
that Scient continues to provide exceptional service. We’re
extremely pleased to partner with them to support their growth and
ensure competitiveness.”
ORCC’s digital banking and bill payment services enable higher
electronic rates, faster payment speed, and a consistent payment
process for its clients and their end users.
About Online Resources Corporation
Online Resources Corporation (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, ORCC is the largest financial technology provider
dedicated to the online channel. For more information, visit
www.orcc.com.
This news release contains forward-looking statements based on
Online Resources Corporation management's current expectations and
beliefs and a number of assumptions concerning future events made
with information that is currently available. The words "will,"
"would," "may," "should," "estimate," "project," "forecast,"
"intend," "expect," "believe," "target," "designed," "plan," and
similar expressions are intended to identify forward-looking
statements. Readers are cautioned not to place undue reliance on
such forward-looking statements, which are not a guarantee of any
results or performance and are subject to a number of known and
unknown risks, uncertainties and other factors which could cause
actual performance or results to differ materially and adversely
from any results or performance expressed or implied by such
forward-looking statements. Certain factors that might cause such a
difference include, but are not limited to: a history of losses and
anticipation of future losses; potential fluctuations in operating
results; dependence on the marketing efforts of third parties;
potential loss of one or more material clients; potential need for
additional capital; potential inability to prevent systems failures
and security breaches; potential inability to expand certain
services and products in the event of a substantial increase in
demand for such services and products; competitive pressures;
ability or inability to attract and retain skilled personnel;
reliance on patents and other intellectual property; potential
change in the rate of user adoption of certain products and
services; exposure to consolidation in the financial services
industry; and government regulatory developments. For a more
detailed description of the factors that could cause such
differences, readers are advised to review Online Resources
Corporation’s latest filings with the Securities and Exchange
Commission, including (but not limited to) the information provided
under the heading "Risk Factors" in our latest Annual Report on
Form 10-K (which filings are available, among other places, from
the SEC's EDGAR database at www.sec.gov and via the Company's
website at www.ORCC.com). Online Resources assumes no obligation
to, and expressly disclaims any obligation to, update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Online Resources, ORCC and the Online Resources logo are
trademarks of Online Resources Corp. Other company and product
names and logos used in this release are the trademarks of their
respective owners.
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