Online Resources Files Proxy to Increase Equity Plan Shares

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Thu Oct 29, 2009 4:43pm EDT

Stockholders Asked to Authorize Additional 800,000 Shares at November 24, 2009
Meeting
CHANTILLY, Va.--(Business Wire)--
Online Resources Corporation (Nasdaq:ORCC), a leading provider of online
financial services, today announced that it has filed a Definitive Proxy
Statement on Schedule 14A with the Securities and Exchange Commission ("SEC").
This Proxy Statement asks stockholders to authorize an additional 800,000 shares
for the Company`s Amended and Restated 2005 Restricted Stock and Option Plan
(the "Plan") at a special meeting of stockholders to be held on November 24,
2009. Stockholder approval of this proposal would bring the total number of
shares authorized under the Plan to 4.3 million. 

The Company simultaneously filed with the SEC a copy of the Plan, as proposed,
as an exhibit to Form 8-K. 

About Online Resources

Online Resources (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, Online Resources
has been recognized for its high growth and product innovation. It is the
largest financial technology provider dedicated to the online channel. For more
information, visit www.orcc.com. 

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. Specifically 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 Form 10-K, latest 10-Q, and S-3 as filed with
the Securities and Exchange Commission. These factors should be considered in
evaluating the forward-looking statements, and undue reliance should not be
placed on such statements.

Online Resources Corporation
Media Contact:
Beth Halloran
Sr. Dir., Corporate Communications
703-653-2248
bhalloran@orcc.com
or
Investor Contact:
Catherine Graham
EVP & Chief Financial Officer
703-653-3155
cgraham@orcc.com

Copyright Business Wire 2009

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