Online Resources Corporation (Nasdaq:ORCC), a leading provider of online financial services, today announced that $1.8 billion asset Virginia Credit Union has signed a multi-year agreement for its integrated online banking and bill payment services.
Virginia Credit Union is one of the top 70 credit unions in the United States and serves more than 188,000 members.
Virginia Credit Union chose the company's UniteSM Financial Services Suite, opting for the highly customized retail Internet banking solution. This solution is hosted by Online Resources and provides the credit union the flexibility to perform extensive interface modifications for its members. Best-in-class bill payment is fully integrated with the hosted solution, including same-day expedited payments.
The suite also includes several other self-service features such as e-statements and check imaging. It is also fully supported by advanced consumer marketing, end-to-end security and customer care services for a seamless online and offline consumer experience. The credit union will convert to Online Resources' platform in the fourth quarter.
"Virginia Credit Union wants an online services partner that can provide a flexible, secure platform, allowing us to create a robust online banking experience for our members," said Christopher Saneda, Virginia Credit Union's Senior Vice President and CIO. "Online Resources' scale, agility, and personal touch make them the best partner for helping Virginia Credit Union take its online channel to the next level."
"Virginia Credit Union's priority is to provide their members high quality, personalized, secure online services," said Ronald J. Bergamesca, Online Resources' executive vice president and general manager for Community Bank and Credit Union Services. "This full suite of services enables the front-end flexibility they require to meet the changing needs of their members, backed by Online Resources' high performing, end-to-end operations and infrastructure."