Wings Financial Credit Union to Implement ORCC’s Architect Banking Platform and Bill Pay Services
29 Novembre 2012 - 3:00PM
Business Wire
Online Resources Corporation (NASDAQ: ORCC), a leading provider
of financial technology services, today announced that Wings
Financial Credit Union ($3.8 billion in assets) has selected ORCC’s
Architect Banking solution and bill payment services to enhance its
services to over 200,000 members.
Wings Financial was founded in 1938 to serve employees of
Northwest Airlines. It now serves air transportation employees
nationwide as well as residents of the Minneapolis/St. Paul and
Seattle/Tacoma metropolitan areas.
The institution selected Architect Banking for its ability to
grow online banking applications as the needs of the Wings member
base change, all while providing a user experience that is highly
intuitive and personalized to members’ unique preferences and
needs. With Architect, Wings Financial gains the capability to
seamlessly integrate other best-of-breed technologies into their
banking solution to expand their service offering.
Through Architect’s advanced functionality for services such as
online account opening, personal financial management, one-to-one
marketing and social media integration, Wings Financial’s members
will have access to a superior digital banking experience within a
single, extensible platform. In addition, the institution will be
able to easily add or develop new features as trends or needs
emerge and user adoption increases.
By also leveraging ORCC’s bill payment services, Wings Financial
benefits from an industry-leading Payment Guarantee and rich
heritage of payment services that deliver reliable and accurate
bill pay solutions, seamlessly integrated within Architect Banking.
ORCC’s Electronic Biller Directory and proprietary Real-time
Digital Scanline® technology maximizes payment accuracy for both
Wings Financial and their members, resulting in faster payment
delivery and fewer payment errors.
“For nearly 75 years, we have been dedicated to providing our
unique member base with exceptional service, and by partnering with
ORCC, we build on that tradition,” said David Mason, VP/CIO of
Wings Financial. “Architect gives us a new level of system
performance that enables us to grow in parallel with our members’
needs and be a leader in the deployment of today’s newest
technologies – including mobile banking and bill payment
applications.”
ORCC has established itself as an industry leader through its
digital banking and bill payment solutions, enabling higher
electronic rates, faster payment speed, and a consistent payment
process for its clients and their end users. Additionally, 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.
“With a keen understanding of today’s mobile consumer and the
importance of digital banking technology, Wings Financial sets the
standard for outstanding member service,” said Eric Labiak, ORCC’s
chief sales officer. “The credit union continues to be on the
cutting edge, and by implementing ORCC’s state-of-the-art Architect
solution they are poised for future growth. We’re excited to
partner with this institution and look forward to supporting their
banking needs.”
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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