Waste Industries USA Selects Online Resources for Bill Payment Services
January 25 2011 - 8:00AM
Business Wire
Online Resources Corporation (Nasdaq: ORCC), a leading provider
of online financial services, today announced that Waste
Industries, one of the top 20 largest solid waste services
companies in the U.S., has chosen Online Resources for its
electronic payment services and will participate in the company’s
Visa payments program for utilities.
In the first quarter, Waste Industries will convert to Online
Resources’ eCom AdvantageSM suite, providing its customers multiple
options to pay their bills through the Web and phone. In addition,
Waste Industries is opting to take advantage of Online Resources’
program for utilities which lowers overall payment processing costs
and enables their customers to use a Visa card in more payment
channels.
Waste Industries will also use Online Resources’ one-click
enrollment service to maximize the conversion of customers who use
their web site for one-time payments into enrolled customers. The
enrollment service enables Waste Industries to build deeper
customer relationships and increase timely payments while providing
customers a streamlined registration process for accessing
e-statements, one-time or recurring payments, reminders and alerts,
and customer support information.
“Waste Industries selected Online Resources for its ability to
help us provide our customers a superior online payments
experience,” said Pamela M. Schaard, Director of Information
Technology for Waste Industries. “Their payments leadership,
evident in their relationship with Visa as well as in their
innovative one-click enrollment, will help our consumers become
repeat electronic payers.”
“Waste Industries is a progressive company that demands the
latest in payments innovation to improve service across their
business,” said Robert R. Craig, executive vice president of
eCommerce Services for Online Resources Corp. “We are very pleased
to be able to meet their needs for offering their customers
preferred payment types through a robust electronic payment
service.”
Online Resources currently provides more than 70 government and
private water, sewer, electric, gas, and waste utilities across the
U.S. with eCom Advantage electronic bill payment, presentment and
receivables solutions. Online Resources’ utility clients are able
to provide their customers convenient options for making payments
and real-time acknowledgment of payment posting, which can prevent
the inconvenience of costly shut-offs.
About Online Resources
Online Resources (Nasdaq: ORCC) specializes in powering
financial interactions between millions of consumers and the
company’s financial institution and biller clients. Backed by its
proprietary payments gateway that links banks directly with
billers, the company provides web and phone-based financial
services, electronic payments and marketing services to drive
consumer adoption. Founded in 1989, Online Resources has been
recognized for its high growth and product innovation. It is the
largest financial technology provider dedicated to the online
channel. For more information, visit http://www.orcc.com.
This news release contains statements about future events and
expectations, which are "forward-looking statements." Any statement
in this release that is not a statement of historical fact may be
deemed to be a forward-looking statement. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the Company's actual results, performance
or achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Specifically factors that might cause
such a difference include, but are not limited to the Company’s:
history of losses; dependence on the marketing efforts of
third parties; potential fluctuations in operating results; ability
to make and successfully integrate acquisitions of new businesses;
potential need for additional capital; potential inability to
prevent systems failures and security breaches; potential inability
to expand services and related products in the event of substantial
increases in demand; competition; ability to attract and retain
skilled personnel; reliance on patents and other intellectual
property; exposure to the early stage of market adoption of the
services it offers; exposure to the consolidation of the banking
and financial services industry; and additional risks and
uncertainties discussed in filings made by the Company with the
Securities and Exchange Commission, including those risks and
uncertainties contained under the heading "Risk Factors" in the
Company's Form 10-K, latest 10-Q, and S-3 as filed with the
Securities and Exchange Commission. These factors should be
considered in evaluating the forward-looking statements, and undue
reliance should not be placed on such statements.
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