Online Resources Corporation (Nasdaq: ORCC), a leading provider of Internet financial services, today announced that Ohio Savings Bank has renewed its agreement for full service Internet banking and bill payment services.
Since converting to Online Resources' platform in early 2003, Ohio Savings Bank has more than doubled its online banking adoption rate to twice the industry average and increased its bill payment adoption rate seven-fold. During the same period, the Bank also significantly increased its customer base.
Ohio Savings Bank takes advantage of Online Resources' unique full service Internet banking and payments platform, which includes the Company's extensive Relationship Management Services. These services combine consumer marketing expertise, data intelligence and multiple consumer touch points to increase consumer adoption.
"Online Resources continues to deliver on their promise to maximize the value of our Internet channel by dramatically raising our adoption rates," said Jo Ann Boylan, executive vice president and chief technology officer for Ohio Savings Bank. "Through Online Resources' integrated full service platform, we gain a single point of web channel accountability – not only for operations and technology, but also for the marketing capabilities to drive channel profitability."
"Three years ago, we set out to provide Ohio Savings Bank with Internet channel profitability through increased adoption," said Raymond T. Crosier, president and chief operating officer for Online Resources. "We are pleased to have made great strides towards that goal, along with providing an outstanding customer experience and innovative technology that distinguishes Ohio Savings Bank."