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Online Resources Corporation provides outsourced Web and phone-based financial technology services to banking services and e-commerce services markets to fulfill payment, banking, and other financial services to their consumer end-users in the United States. The company operates in two segments, Banking and eCommerce. The Banking segment offers electronic bill payment and online banking services for banks, credit unions, and other depository financial institutions. This segment provides bill payment services through a payments gateway that leverages real-time electronic funds transfer infrastructure and technology to process transactions for consumer end-users. Its online banking services include an integrated suite of Web-based account presentation and payment services, as well as supporting call center, consumer marketing, and professional services. The eCommerce segment offers Web and phone-based payment, account presentation, Web-collections, and supporting professional services for billers, card issuers, processors, and credit providers. Its services comprise a suite of payment options, including the acceptance of payments made by credit card, signature debit card, ACH, and PIN-less debit through multiple channels, such as online, interactive voice response, and call center customer service representatives, as well as other options consisting of flexible payment scheduling, convenience payments, bill presentment, and other payment and collection services. The company
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- P 703-653-3100
- F 703-653-3105
Press Release $ORCC Online Resources Corp.
NEW YORK, Feb. 7, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Online Resources Corp. ("Online Resources" or the "Company") (Nasdaq:ORCC) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to ACI Worldwide, Inc. A complaint was filed in Delaware state court.
Click here to learn how to join the action: http://zlk.9nl.com/online-resources-orcc/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Online Resources shareholders will receive $3.85 for each share of Online Resources stock they own. The claims concern whether the Online Resources Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether ACI Worldwide, Inc. is underpaying for Online Resources shares, thus unlawfully harming Online Resources stockholders. In particular, Online Resources stock has a reported book value of $4.04 per share for the most recent quarter.
If you own common stock in Online Resources and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/online-resources-orcc/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource: Levi & Korsinsky, LLP