BNET Industries

Online Resources Corp.

(ORCC) is in the Business Services Industry

Market Cap:$164.7M
Last Fiscal Year Sales:$151.6M
  • Public
  • US
Dow Jones Description

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 millions of end-users and processes $100 billion in bill payments annually. ORCC is headquartered in Chantilly, VA with regional offices in Parsippany and Princeton, NJ, Woodland Hills and Pleasanton, CA, and Columbus, OH. Founded in 1989, Online Resources (Nasdaq: ORCC) is recognized as one of the nation?s fastest growing companies.

Chairman & CEO
Matthew P. Lawlor
Number of Employees 619
Contact Information

4795 Meadow Wood Lane Suite 300

Chantilly, Virginia 20151

www.orcc.com

(703) 653-3100

NAICS Code All Other Professional, Scientific, and Technical Services: 541990

Recent Events

  • Online Resources Launches New Consumer-Friendly Online Banking &

    11/03/09 - Product Announcement - View Story

  • Online Resources Launches New Consumer-Friendly Online Banking & Billpay

    11/03/09 - Product Announcement - View Story

  • Online Resources Posts Third Quarter 2009 Results

    10/28/09 - Financial Announcement - View Story

  • Online Resources, CO-OP Ink Re-Seller Deal

    9/23/09 - Joint Venture / Alliance - View Story

  • Online Resources Posts Second Quarter 2009 Results

    8/06/09 - Financial Announcement - View Story

  • CyberShift Promotes Gene Wronko to Vice President of IT and On Demand Services

    6/24/09 - Merger / Acquisition - View Story

  • CyberShift: CyberShift Promotes Gene Wronko to Vice President of IT and On Demand Services

    5/27/09 - Merger / Acquisition - View Story

News & Analysis

online resources corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Raymond T. Crosier President & COO
Catherine A. Graham Executive Vice President, CFO
Paul A. Franko CTO & Senior Vice President, Banking Technology Services
Daniel F. Ritten Senior Vice President, Sales
Daniel M. Thomas Senior Vice President, Strategic Development
David M. Stafford Senior Vice President, Professional Services
Holly J. Larsen Senior Vice President, Client Services
Holly Palmeri Senior Vice President, Client Services
Richard Martin Senior Vice President, Operations
William T. Kinnelly Senior Vice President, Card & Credit Services
Beth Halloran Director, Corp Communications
William J. Newman Controller & Director, Finance
Ron Bergamesca Senior Vice President & Acting General Manager, Integrated Banking Services
Stephanie S. Chaufournier Senior Vice President & General Manager, Banking Consumer Service Provider

Board of Directors

Name (plus bio) Position
Matthew P. Lawlor Chairman & CEO
Barry D. Wessler Board of Directors
David A. O'Connor Board of Directors
Edward E. Furash Board of Directors
Ervin R. Shames Board of Directors
Joseph J. Spalluto Board of Directors
Michael H. Heath Board of Directors
Stephen S. Cole Board of Directors
William H. Washecka Board of Directors

"Matthew P. Lawlor has served as Chairman and CEO since March 1989. Mr. Lawlor co-founded Online Resources and serves as chief executive officer. He has over 30 years of financial services experience, starting with Chemical Bank (now JPMorgan Chase) where he headed a consumer banking division, and its international investment company. Mr. Lawlor’s career also spans venture capital, project engineering and service as a presidential exchange executive with the White House in 1980. He is active in industry affairs, and is founder of the e-Financial Enablers Council, a roundtable of Internet banking and payments executives. Mr. Lawlor holds a bachelor's degree in mechanical engineering from the University of Pennsylvania and an MBA from Harvard University. z"

Organization Position Status
Online Resources Corporation Chairman & CEO Current
Online Resources Corporation Chairman & CEO Current
Client Services Inc. Senior Vice President Former

"Ray Crosier has day-to-day operating responsibility for Online Resources, reporting to the chief executive officer. He manages the Company’s three major operating divisions and its banking technology unit. Crosier also serves on the Board of Directors (executive committee) for the Electronic Funds Transfer Association, an inter-industry trade association dedicated to the advancement of electronic payments. Crosier has over 25 years of management experience in payment systems, transaction processing and financial services technology. He rose through the ranks to become vice president, sales and customer service for First Data’s TeleCheck division. He joined Online Resources in 1996 as senior vice president of sales and also served as executive vice president of client services. He has served as President & COO since 2001. Crosier is a graduate of the University of Virginia. "

Organization Position Status
Online Resources Corporation President & COO Current
Efta Vice Chairman of The Board of Directors Current
Telecheck International, Inc. vice president of sales and customer service Former
University of Virginia Former

"Cathy Graham has financial management and corporate administrative responsibility for Online Resources, reporting to the chief executive officer. Graham has 20 years of experience in the banking and technology fields, and a history of building businesses via strategic acquisitions. Graham previously served as CFO of VIA NET.WORKS, Inc., where she negotiated the acquisition of 26 companies in 14 countries over a 24-month period. Prior to VIA NET.WORKS, Graham was Vice President of Finance and Investor Relations Officer for Yurie Systems and headed the transition team after the sale of the company to Lucent Technologies. Graham has also held financial executive positions with Smith Barney, First National Bank of Maryland and Maryland National Bank. Graham holds an M.B.A. from Loyola College in Maryland and a B.A in economics from the University of Maryland. "

Organization Position Status
Online Resources Corporation Executive Vice President, CFO Current
Online Resources Corporation CFO, Executive Vice President & Secretary Current
Works, Inc. Former
Loyola College in Maryland M.B.A. Former
University of Maryland B.A in economics Former

"Paul Franko manages the Banking Technology Services division of Online Resources, a specialty business unit reporting to the chief operating officer. He has responsibility for technology development and technology-based operations for the Company’s banking and credit union clients. In addition, he serves a coordinating function as the Company’s Chief Technology Officer, overseeing corporate and divisional technology-based strategy and plans. Franko was previously president of Computer Business Associates, providing design, programming and technical expertise in data base development, operating systems and networks. He also was director of database administration for Sallie Mae. Franko holds a bachelor's degree from Boston College. "

Organization Position Status
Online Resources Corporation CTO & Senior Vice President, Banking Technology Services Current
Financial Institutions, Inc. Former
Boston College bachelor's degree Former

Organization Position Status
Online Resources Corporation Senior Vice President, Sales Current
University of Minnesota bachelor's degree in business administration Former

"Dan Thomas is responsible for the strategic development of Online Resources, reporting to the chief executive officer. In this capacity, he has leadership responsibility for the Company’s e-commerce initiative, including the integration of the Company’s real-time PINless payments capabilities with the former Princeton eCom’s payment services. Prior to joining Online Resources in 1996, Thomas spent eight years with ARINC, an airline-owned network services company where he was responsible for payment processing of airline credit cards, check authorization, and other fraud prevention systems for international and domestic airlines. Prior to that, he spent twelve years with McDonnell Douglas Payment Systems Company in a number of key product and technical development roles. Thomas earned his bachelor's degree in Information Systems Management and recently his master's degree in Management & Technology from the University of Maryland. "

Organization Position Status
Online Resources Corporation Senior Vice President, Strategic Development Current
ARINC Incorporated Former
University of Maryland master's degree in Management & Technology Former

Organization Position Status
Online Resources Corporation Senior Vice President, Professional Services Current

Organization Position Status
Online Resources Corporation Senior Vice President, Client Services Current

Organization Position Status
Online Resources Corporation Senior Vice President, Client Services Current
George Mason University bachelor's degree Former

Organization Position Status
Online Resources Corporation Senior Vice President, Operations Current
Duratek, Inc. General Counsel & Vice President Current
University of Baltimore M.B.A. Former
University of Maryland bachelor's degree Former

Organization Position Status
Online Resources Corporation Senior Vice President, Card & Credit Services Current
Wharton Graduate School of the University of Pennsylvania MBA Former
Georgetown University bachelor's degree in Finance and Computer Science Former

Organization Position Status
Online Resources Corporation Director, Corp Communications Current
Online Resources Corporation Director, Corp Communications Former

Organization Position Status
Online Resources Corporation Controller & Director, Finance Current
Online Resources Corporation Board of Directors Current
Online Resources Corporation Corp Controller & FinDir Former
Online Resources Corporation CorpController, FinDir Former

"Ron Bergamesca oversees Online Resources’ Community Bank & Credit Union Services division, reporting to the chief operating officer. He is responsible for the Company’s full service banking relationships, which integrate its suite of Internet account presentation, payments, relationship management, professional services and software. In addition to acting as General Manager, Bergamesca heads the division’s Relationship Management Services unit, which includes the Company’s consumer marketing programs and its 7x24 call center. Bergamesca was formerly a vice president with CUC International (later Cendant Corp.), where he managed the nation's largest credit card protection program. For 10 years he was a general manager at MBI, Inc., a leading direct marketer of heirloom collectibles. Bergamesca holds a bachelor's degree in mechanical engineering from Lafayette College and an MBA from MIT's Sloan School of Management. "

Organization Position Status
Online Resources Corporation Senior Vice President & Acting General Manager, Integrated Banking Services Current
MIT Sloan School of Management MBA Former
Lafayette College bachelor's degree in mechanical engineering Former

Organization Position Status
Online Resources Corporation Senior Vice President & General Manager, Banking Consumer Service Provider Current
Denison University bachelor's degree Former

Organization Position Status
Clareos, Inc. Current
Online Resources Corporation Board of Directors Current
University of Utah Ph.D. in Computer Science Former

Organization Position Status
Online Resources Corporation Board of Directors Current
American University BS Former

Organization Position Status
Online Resources Corporation Board of Directors Current

"Ervin R. Shames has served as a Director since January 2000. Mr. Shames served as President and CEO of General Foods USA and Kraft USA from 1986 to 1989, and is currently a visiting lecturer for consumer marketing at the University of Virginia's Darden School of Business. Mr. Shames also served as CEO of Borden, Inc., from 1993 through 1995, and CEO of Stride Rite Corporation from 1990 to 1993. Mr. Shames is currently serving on the Board of Directors of Select Comfort Corporation, where he is Chairman of the Compensation Committee. Mr. Shames holds a BSBA from Florida University and an MBA from Harvard University. "

Organization Position Status
Online Resources Corporation Board of Directors Current
The Stride Rite Corporation CEO Former
Harvard University MBA Former
University of Florida BS Former

"Joseph J. Spalluto has served as a Director since May 1995. Mr. Spalluto is a Managing Director of Corporate Finance for Keefe, Bruyette & Woods, a leading specialty investment banking firm focusing on regional and community banks, and financial services firms. Keefe, Bruyette Woods provided early stage financing to Online Resources in 1995 and has participated in joint marketing programs with Online Resources. Mr. Spalluto joined Keefe, Bruyette and Woods in 1981 and currently heads the firms' specialty financing business. He holds a BA from Amherst College and a JD from the University of Connecticut. "

Organization Position Status
Online Resources Corporation Board of Directors Current
Keefe, Bruyette & Woods Inc. managing director Former
University of Connecticut JD Former
Amherst College BA Former

"Michael H. Heath has served as a Director since March 1989. Mr. Heath has over 30 years experience in the financial services and publishing industries. He served as President of MediaNews, owner of the Denver Post and Houston Post from 1988 to 1991. He later served as President of Online Resources from 1995 to 1997, and is currently President of Convention Guides, a leading publisher of advertising based convention media. Mr. Heath has also held senior management positions at Chemical Bank from 1967 to 1978, and as President of The Record, a large New Jersey-based regional newspaper and broadcast company. Mr. Heath received his BA from Williams College and an MBA from Harvard University. "

Organization Position Status
Online Resources Corporation Board of Directors Current
Harvard University MBA Former
Williams College BA Former

"Stephen S. Cole joined as a Director in May 2005. Mr. Cole is a 33-year veteran of the banking and electronic funds transfer (EFT) industry, having served as former chief executive officer of Cash Station, Inc. before it was acquired by Star Systems (now a subsidiary of First Data Corporation). He also served in a variety of electronic payments management positions at The First National Bank of Chicago. Mr. Cole is currently president and chief executive officer of the YMCA of Metropolitan Chicago. He is also director of American EPAY, Inc. and OptiScan Technologies, Inc., and director emeritus of the Electronic Funds Transfer Association. He has previously served on the Boards of Interlink (Visa), CIRRUS Network (MasterCard), and Primary Payments Systems. Mr. Cole holds a BA from Lake Forest College. "

Organization Position Status
Online Resources Corporation Board of Directors Current
YMCA of Metropolitan Chicago chief executive officer Former
YMCA of Metropolitan Chicago president Former
American Epay, Inc. Director Former
First National Bank of Chicago Former
Lake Forest College BA Former

William H. Washecka , age 59, has been a director since June 2004. Since August 2002, Mr. Washecka has been an independent consultant. From December 2004 to December 2006, Mr. Washecka was the Chief Financial Officer of Prestwick Pharmaceuticals Inc. From June 2001 to August 2002, he was Executive Vice President and Chief Financial Officer of USinternetworking, Inc. While serving in this capacity, Mr. Washecka led USinternetworking through a restructuring under a Chapter 11 bankruptcy proceeding. Prior to that time, from 1972, Mr. Washecka was employed by Ernst & Young LLP where he was promoted to partner in 1986. Mr. Washecka is a certified public accountant. Mr. Washecka is also a director of Online Resources Corporation, a Nasdaq-listed outsourcer of online banking and payment services, and Avalon Pharmaceuticals, a Nasdaq-listed biopharmaceutical company focused on the discovery and development of potential first-in-class cancer therapeutics .

Organization Position Status
Audible, Inc. Chairman Current
Online Resources Corporation Board of Directors Current
Eletronicsbuzz.Com Director Current
Prestwick Pharmaceuticals, Inc Chief Financial Officer Former
Usinternetworking, Inc. Chief Financial Officer Former
Usinternetworking, Inc. Executive Vice President Former
Prestwick Pharmaceuticals, Inc Executive Vice President Former
Usinternetworking, Inc. Senior Vice President Former
Ernst & Young partner Former
Avalon Pharmaceuticals, Inc. Board of Directors Former
Baruch College BS In Accounting Former
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     ORCC $5.48 +0.14 (2.62% )
Average Volume 108,171
Shares Outstanding 30.07M
Market Cap 164.8M
Year High 6.9
Year Low 1.8
Earnings Per Share -0.06
P/E Ratio -91.33
Dividend N/A
Yield N/A
Glass Door

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