Magazine article American Banker

Online Resources Offers Help Using and Placing Information on Internet

Magazine article American Banker

Online Resources Offers Help Using and Placing Information on Internet

Article excerpt

Online Resources and Communications Corp. has moved into cyberspace with an on-line directory of all financial companies that use the Internet and a service to help banks get started in doing so.

The Mclean, Va.-based company, whose basic business is providing home banking and bill payment to financial institutions, is offering the new services on the World Wide Web, the multimedia portion of the Internet.

A user clicking on a company name in the new directory is automatically linked to the company's "home page," which provides information about its products, services, and pricing.

Users also get access to industry news, updated daily, through links to company press releases posted on the network, and articles posted by on line content providers Online Resources is establishing relationships with.

Among the companies listed in the directory are the 58 banks around the world that have home pages on the Web, as well as 11 financial services companies such as Visa U.S.A. and MasterCard International.

Joe Koshuta, Online Resources' director of product planning, said the directory was designed to provide an easy way to keep up with the latest developments in the interactive financial services market.

An increasing number of banks and financial services companies are using the Internet as a marketing and advertising medium, posting information about their products and services.

Mr. Koshuta said bankers are "are facing paralysis because there are so many options" - third-party providers that offer hardware and software, electronic banking services, and support services to the financial industry. …

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