QualityStocks would like to highlight Online Resources Corporation (NASDAQ: ORCC). The company develops and supplies its proprietary Digital Payment Framework to enable ePayment choices between consumers and financial institutions, creditors, and billers in the United States.
In the company’s news yesterday,
Online Resources announced that Scient Federal Credit Union, formerly Ledge Light Federal Credit Union, has successfully implemented its Architect Banking Solution and bill payment services as an enhancement of offerings to around 11,000 credit union members throughout the country.
With current assets of $200 million, Scient is the ninth largest credit union in the state of Connecticut and has been offering financial services customized for the life science industry for more than four decades. Scient chose ORCC’s Architect solution to provide members with a user experience that is highly intuitive, personalized, and adaptable to user behavior and preferences. The advanced functionality of Architect for services like online account opening, personal finance management, one-to-one marketing, and social media integration will provide Scient’s member base with a superior digital banking experience within a single, extensible platform. Scient will additionally have full control to add or develop new features as trends or needs emerge and as user adoption increases.
The Architect solution integrates seamlessly with ORCC’s banking bill payment solution, which has been implemented by community banks and credit union for more than 15 years. ORCC has connections to core processors and ATM networks that provide real-time access to more than 90 percent of the checking account in the U.S., as well as to the more than 9,000 domestic biller endpoints within ORCC’s Biller Endpoint Network. The digital banking and bill payment services provided by ORCC enable higher electronic rates, faster payment speeds, and a consistent payment process for the company’s clients and their end users.
As an institution that has built a 40-plus-year reputation of excellence in providing customized financial services for the pharmaceutical industry, Scient’s dedication has always been serving the needs of its members. Architect’s flexibility will help Scient continue that tradition by supplying the strong, individualized level of service the credit union’s customers have come to rely on – at the same time accelerating the development of Scient’s digital banking services.
Online Resources is engaged in powering financial interactions between millions of consumers and its own financial institution and biller clients. Providing Web and phone-based financial services, electronic payments, and marketing services to drive consumer adoption, the company is backed by its proprietary payments gateway, which links banks directly with billers. ORCC was founded in 1989 and is the largest financial technology provider dedicated to the online channel.
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