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Online Resources elects Debra Janssen to board of directors

17 May 2007  |  1561 views  |  0 Source: Online Resources

Online Resources Corporation (Nasdaq: ORCC), a leading provider of Web-based financial services, today announced Debra A. Janssen, a payments industry veteran of more than 20 years, has been elected to the Company's Board of Directors.

She replaces Edward E. Furash, who retired from the Board after nearly four years of service.

Ms. Janssen has served as President of First Data Debit Services (Star Network), and as President and CEO of eFunds Corporation. She also served for fourteen years with Metavante Corporation (formerly M&I Data), where she last served as its Chief Information Officer. Currently, she is a private investor, and serves as CEO of one of the private firms in which she has invested.

Ms. Janssen is also a Director of Plato Learning, Inc, a publicly traded company, and serves on its Audit Committee. She has also served on the Boards of other Wisconsin-based organizations.

"We are very pleased to welcome Debra to our Board," stated Matthew P. Lawlor, chairman and chief executive officer of Online Resources. "The Company will benefit from her extensive financial services and technology experience as we work to leverage our substantially expanded capabilities in multiple markets."

In thanking Ed Furash for his service as a Director, Lawlor added, "True to form as a banking industry strategist and pioneer, Ed Furash helped guide Online Resources through a period of transformation. When Ed joined the Board, we supported 720,000 end-users for our bank and credit union clients. Today, we serve over 9 million users, and have expanded into the highly synergistic credit card, biller and collections markets. Ed's perspective and insight were invaluable during these past years, and all of us on the Board will miss his day-to-day personal friendship."

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