ACI Worldwide Completes Acquisition of Online Resources Corporation

  ACI Worldwide Completes Acquisition of Online Resources Corporation

   Adds strategic bill pay capabilities, broadens online banking portfolio

Business Wire

NAPLES, Fla. -- March 11, 2013

ACI Worldwide (NASDAQ: ACIW), a leading international provider of payment
systems, announced today it has completed the acquisition of Online Resources
Corporation (NASDAQ: ORCC), a leading provider of online banking and full
service bill pay solutions. The acquisition adds Electronic Bill Presentment
and Payment (EBPP) solutions as a strategic part of ACI’s Universal Payments
portfolio. It also strengthens ACI’s online banking capabilities with
complementary technology, and expands the company’s leadership in serving
community banking and credit union customers.

Under the terms of the agreement, ACI acquired Online Resources in an all cash
transaction for $3.85 per share. ACI will update investors on the financial
implications of the acquisition on our upcoming Q1 conference call.

“Driven by the increase in electronic transactions from online and mobile
banking, bill pay is becoming a major pivot point and area of strategic
investment for our customers,” said Philip Heasley, president and CEO of ACI
Worldwide. “With the addition of Online Resources’ capabilities, customers can
rely on ACI as an end-to-end, integrated provider addressing the full range of
payment needs including: wholesale and retail payments, payments fraud, online
banking, merchant retail and now bill pay.”

“In addition, the acquisition will expand ACI’s best-in-class online banking
capabilities to offer a suite of solutions supporting banks and credit unions
of all sizes,” continued Heasley. “We are delighted to welcome Online
Resources’ talented employees into the ACI family to help seize these
opportunities and advance the best solutions to customers going forward.”

Commitment to Customers

ACI also announced that consistent with ACI’s long-standing lifecycle
management policy, the company is committed to maintaining multi-year roadmaps
and contractual commitments to Online Resources’ customers. Online Resources’
customers will benefit from ACI’s size and scale to support current and future
initiatives. ACI invests 18 percent of revenues in R&D, significantly ahead of
others in the industry. The company also provides a world-class hosting
environment, as well as global 24x7x365 support.

Completion of Tender Offer

ACI successfully completed its tender offer for common stock of Online
Resources, which expired at 12:00 midnight, New York City time, at the end of
Friday, March 8, 2013.

Based on information from American Stock Transfer & Trust Company, LLC, the
depositary for the offer, as of the expiration of the tender offer,
approximately 28,588,101 shares (which excludes 607,135 that were tendered
pursuant to guaranteed delivery procedures) were validly tendered and not
withdrawn in the tender offer, representing approximately 82.8% of Online
Resources' issued and outstanding shares. All validly tendered shares have
been accepted for payment, which will be made in accordance with the terms of
the tender offer.

After exercise of a top-up option granted by Online Resources, ACI completed
its acquisition of the remaining shares of Online Resources through a
short-form merger. In the short-form merger, the remaining Online Resources
shares (other than those held by ACI, Online Resources or any wholly-owned
subsidiary of ACI or Online Resources, and any shareholders who validly
exercise their appraisal rights in connection with the merger) were converted
into the right to receive $3.85 per share in cash, subject to applicable
withholding taxes.

About ACI Worldwide

ACI Worldwide powers electronic payments and banking for more than 1,750
financial institutions, retailers and processors around the world. ACI
software enables $13 trillion in payments each day, processing transactions
for more than 250 of the leading global retailers, and 18 of the world’s 20
largest banks. Through our integrated suite of software products and hosted
services, we deliver a broad range of solutions for payments processing, card
and merchant management, online banking, mobile, branch and voice banking,
fraud detection, and trade finance. To learn more about ACI and the reasons
why our solutions are trusted globally, please visit or
on Twitter @ACI_Worldwide.

Forward-Looking Statements

This press release contains forward-looking statements based on current
expectations that involve a number of risks and uncertainties. All statements,
other than statements of historical fact, are statements that could be deemed
forward-looking statements, including statements about the planned completion
of the tender offer and the merger. No forward-looking statement can be
guaranteed and actual results may differ materially from those that ACI and
Online Resources project. Numerous risks, uncertainties and other factors may
cause actual results to differ materially from those expressed in any
forward-looking statement, many of which are outside of the control of
management. These factors include, but are not limited to, those described in
ACI’s and Online Resources’ filings with the SEC, including their respective
reports on Forms 10-K, 10-Q, and 8-K. Except to the extent required by
applicable law, neither ACI nor Online Resources undertakes any obligation to
revise or update any forward-looking statements, or to make any other
forward-looking statements, whether as a result of new information, future
results or otherwise.

© Copyright ACI Worldwide, Inc. 2013.

ACI, ACI Payment Systems, the ACI logo and all ACI product names are
trademarks or registered trademarks of ACI Worldwide, Inc., or one of its
subsidiaries, in the United States, other countries or both. Other parties’
trademarks referenced are the property of their respective owners.

Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and timing
of future product releases remains at ACI’s sole discretion. ACI is providing
the following information in accordance with ACI's standard product
communication policies. Any resulting features, functionality, and
enhancements or timing of release of such features, functionality, and
enhancements are at the sole discretion of ACI and may be modified without
notice. All product roadmap or other similar information does not represent a
commitment to deliver any material, code, or functionality, and should not be
relied upon in making a purchasing decision.


ACI Worldwide
John Kraft, 239-403-4627
Vice President, Investor Relations & Strategic Analysis
Shirley Macbeth, 781-370-3687
Corporate Communications
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