NEW YORK, April 16, 2009 (GLOBE NEWSWIRE) -- Veteran business journalist Gregory Clarkin joins Matthew ("Matt") Paul Lawlor, chairman and chief executive officer of Online Resources Corporation (Nasdaq:ORCC) (www.orcc.com) to discuss the company's industry, strategy, financials and positioning.
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Lawlor co-founded Virginia-based Online Resources in 1989, and has developed the firm into the nation's largest outsourcer dedicated to online financial services. The company provides bank and biller clients with web and phone-based financial services, electronic payments and marketing services to drive consumer adoption. Online Resources is widely recognized for its innovation and as one of the fastest growing U.S. technology companies. Prior to founding Online Resources, Lawlor was founder and president of US Multitrade. The firm developed early-stage ventures, including RSA Security (secure tokens), Sales & Marketing Systems (early CRM) and Energy Fuels (pioneered hedging for ethanol).
From 1973 to 1980, Lawlor served as an executive with Chemical Bank (then the nation's fifth largest bank). Lawlor started at the bank with a small team reporting to the CEO, where he supported the asset and liability management committee. He later managed a retail branch group in Manhattan and headed Chemical International Finance Ltd., which was then Chemical's principal offshore equity and merchant banking affiliate.
Between his undergraduate and graduate school years, Lawlor worked with RCA Corporation. There he served as project engineer of recording systems for NASA's Earth Resources Technology Satellite (ERTS).
Lawlor is active in the technology and entrepreneurial communities. He was awarded two major U.S. patents for financial technology. He served on the Board of Directors of the Electronic Funds Transfer Association, and founded the eFinancial Enablers Council, a senior executive roundtable of the major Internet banking and payments providers.
He is also active in public affairs, and served in 1980 for one year as a Presidential Exchange Executive in the White House OMB under Presidents Carter and Reagan.
Lawlor admits to being born as early as 1948. He is the son of a career Army officer, and lived through-out Asia in his youth. After graduating from New Trier High School (Illinois), Lawlor earned a BS in mechanical engineering from the University of Pennsylvania in 1970 and an MBA from Harvard University in 1973. During his schooling at Penn, Lawlor played varsity football and lacrosse, and is now active in youth athletics and swimming.
About Online Resources
Online Resources (Nasdaq:ORCC) powers financial interactions between millions of consumers and the company's financial institution and biller clients. Backed by its proprietary payments gateway that links banks directly with billers, the company provides web and phone-based financial services, electronic payments and marketing services to drive consumer adoption. Founded in 1989, Online Resources is the largest financial technology provider dedicated to the online channel. For more information, visit www.orcc.com.
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