CHANTILLY, Va.  – Online Resources Corporation (Nasdaq: ORCC), a leading provider of online financial services, today announced that long-time payments executive and attorney Donald W. Layden, Jr. has been elected to the Company’s Board of Directors.

Since October 2009, Mr. Layden has served as an advisor to Warburg Pincus, LLC, a leading global equity firm, for its payments and transaction processing investments. He is also a partner at Quarles & Brady, LLP, a Milwaukee, WI-based law firm with a focus on technology and business services clients.

Previously, Layden spent more than 17 years in the banking and payments industry, most recently as president of the International Group and senior executive vice president of Corporate Development at Metavante Technologies, Inc. He also served as General Counsel and Secretary of Metavante, which merged with Fidelity National Information Services, Inc. (NYSE: FIS) in 2009.

Prior to joining Metavante, Layden held senior positions at Fiserv, Marshall & Ilsley, and NuEdge Systems, a customer relationship management software company that was acquired by Metavante in 2004.

“We are very pleased that Don has agreed to bring his online banking and payments industry insight to our Board of Directors,” said John C. Dorman, the company’s co-chairman of the Board of Directors and interim chief executive officer. “A key strategic priority for Online Resources is to further develop key industry partnerships, and Don’s experience, relationships and understanding of these strategic opportunities will be especially valuable.”

Layden joins the 2010 class of Directors that is up for election by shareholders at the company’s Annual Meeting on July 1, 2010.

About Online Resources
Online Resources (Nasdaq: ORCC) powers financial interactions between millions of consumers and the company’s financial institution and biller clients, including 12 of the top 13 U.S. retail banks and 13 of the top 20 U.S. card issuers. 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 is the largest financial technology provider dedicated to the online channel. For more information, visit www.orcc.com.

 


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