Online Resources Corporation (Nasdaq:ORCC), a leading provider of online financial services, today announced that Delta Community Credit Union has signed a multi-year agreement with its Community Bank and Credit Union Services unit for bill payment services.
Delta Community is a $2.8 billion asset credit union serving 175,000 residents of the Atlanta metropolitan area, Delta Air Lines employees and other members.
Delta Community will convert to Online Resources' PayAnyone service by mid-2009. PayAnyone includes Real-Time Digital Scanline (RTDS) proprietary technology, which instantly validates payment and merchant information to produce the highest electronic rate and lowest claims rate in the industry.
The credit union will also offer Online Resources' expedited payments service to guarantee same-day posting for eligible payments. Expedited payments are processed through the company's unique end-to-end payments network, which links its proprietary financial institution gateway with its extensive biller network. The service is seamlessly integrated into the credit union's bill pay application, providing ease of use and greater consumer adoption.
"Online Resources is best positioned to help us deliver seamless bill payment services for an outstanding member experience," said Carol Sundberg, senior vice president of eCommerce for Delta Community Credit Union. "Their unique payments infrastructure and innovative technology provides us the opportunity to take advantage of new services such as expedited payments."
"Delta Community understands that best-of-breed bill payment is a critical element of their online services," said Ronald J. Bergamesca, Online Resources' executive vice president and general manager for Community Bank and Credit Union Services. "As the leading provider of payments to credit unions, we look forward to delivering Delta Community's members high quality service and continued payments innovation."