Stephen S. Cole Elected to Online Resources Board Of Directors

Wednesday 11 May 2005 18:04 CET | News

Online Resources Corp., a leading outsourcer of Internet financial services, announced Stephen S. Cole has been elected to the Companys Board of Directors. Mr. Cole is a 33-year veteran of the banking and electronic funds transfer (EFT) industry.

He replaces David A. OConnor, an ATM network pioneer, who retired from the Board after nine years of service. Mr. Cole is former chief executive officer of Cash Station, Inc. before it was acquired by Star Systems, now a subsidiary of First Data Corporation. Prior to Cash Station, he served in a variety of electronic payments management positions at The First National Bank of Chicago. Currently, he serves as president and chief executive officer of the YMCA of Metropolitan Chicago, the third largest YMCA in the world with 25 facilities and 3500 employees. Mr. Cole is also director of American EPAY, Inc. and OptiScan Technologies, Inc. He is director emeritus of the Electronic Funds Transfer Association, and has previously served on the Boards of Interlink (Visa), CIRRUS Network (MasterCard), and Primary Payments Systems. We are highly honored to have Steve Cole serve on our Board, stated Matthew P. Lawlor, chairman and chief executive officer of Online Resources. He is one of the pioneers of the EFT industry, and we will look to his strategic creativity and energy as the Company moves to capitalize on our unique web-based online payments capabilities. Lawlor added, At the same time, Dave OConnors service will be greatly missed. His vision, wisdom and support for the past nine years have been a personal inspiration and constant source of strength to our Board. Dave has made his imprint on the Company over its emerging years, and his spirit and sense of optimism will carry us to a new level.

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Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
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Banking & Fintech