Online Resources Launches Mobile Banking Solution

Online Resources, a provider of Web-based financial services, announced the launch of its mobile banking and bill payment service, a hosted application that enables financial institutions to provide their consumers with a full range of online services via mobile phones and other wireless devices.

Available through a partnership with Access Softek, a developer of technology software, the mobile banking and payment service is a software application based on the Open Financial Exchange (OFX) format that works with all major U.S. wireless networks. The service provides immediate access to approximately 70 percent of today's mobile phone devices. The service is fully integrated with Online Resources payments and security technology, allowing consumers to view their accounts, pay bills, transfer funds and receive messages from their financial institutions.

The service, which has been tested with financial institutions since July 2006, is now available to Online Resources' OFX-enabled clients. Each client launch of the mobile service is supported with the company's ICM Marketing services, including targeted in-session messaging, demos and other instructional information embedded in the application. After registering online, consumers simply download the software application via their wireless device.

"Consumer delivery of the Web channel has become more complicated with increased security requirements and growing demand for wireless access. By leveraging our integration capabilities, we are providing our clients a mobile banking and payment application that is secure, seamless and highly user-friendly," stated Matthew P. Lawlor, Online Resources' chairman and chief executive officer. "We believe that by widening distribution of the Web channel via mobile devices, our clients can increase adoption of their channels and in many cases benefit from offering another premium service."