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ACE Cash Express signs multi-year bill pay deal with Online Resources

12 May 2008  |  1698 views  |  0 Source: Online Resources

Online Resources Corporation (Nasdaq: ORCC), a leading provider of web-based financial services, today announced that ACE Cash Express, Inc. has signed a multi-year contract for bill payment services.

ACE, a leading retail financial service company, operates the largest network of retail check-cashing stores, with more than 1,800 locations throughout 38 states and the District of Columbia. Through these outlets, ACE provides financial services with more than 40 million customer visits each year. Online Resources will enhance the existing walk-up bill payment service offered by ACE by providing a wider distribution network of billers.

Three tiers of electronic bill payment services will be available:

1) Expedited payments, with guaranteed same-day posting to hundreds of billers in Online Resources' extensive biller network;

2) Next day guaranteed payments to Online Resources' biller network; and

3) Standard online bill pay to thousands of payees in the United States.

"By partnering with Online Resources, we are strengthening our commitment to provide needed and valuable services to our consumers. We take pride in understanding the needs of our customers and making available the best financial services in local neighborhood branches that they know and trust," said Victor Faszczuk, vice-president of business development for ACE Cash Express.

"We are well positioned to bring electronic bill payment services to ACE's customers because of our expansive biller network and expertise in enabling consumers to make fast, accurate payments," said Robert Craig, executive vice president and general manager of Online Resources' eCommerce Services. "We look forward to delivering feature-rich payment options—such as expedited bill pay—that will serve their growing number of consumers." r penetration in 2008."

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