Online Resources Corporation (Nasdaq: ORCC), a leading outsourcer of Internet banking and payment services, today announced that Online Banking Report has named Money HQsm, the Company's state-of-the-art online personal financial management and transaction center, the 2003 Innovation of the Year. Money HQ, which is currently being launched among Online Resources' 600 plus financial institution clients, was cited for its innovative packaging of several advanced features into a fee-based premium service.
Money HQ leverages Online Resources' patented real-time payments technology and licensed technology from CashEdge, Inc., a leading provider of secure online account aggregation and funds transfer services. The new service, which is tightly integrated within the Company's Quotiensm Internet Banking and Bill Payment services, features financial account aggregation, account-to-account (A2A) transfers, bill presentment, person-to-person (P2P) payments, and balance and eBill alerts. In addition, consumers have the option to conduct next day inter-bank transfers.
Source: Online Resources Corporation