CHANTILLY, Va. – Online Resources Corporation, which provides bill payment services to over 500 credit unions, is set to acquire bill pay provider Princeton eCom for $180 million in cash. It’s a significant deal in the world of bill payment. ORCC is very strong on the institution side of bill payment with a combined 900 bank and credit union clients, while Princeton eCom specializes on the biller side, such as utility companies, credit card companies and others. The combined company, which will retain the ORCC name, will serve 2,200 financial institutions and 1,600 billers, making it the largest bill pay firm in the country. It expects to process more than 200 million transactions representing $75 billion in bill payments over the next year.

ORCC CEO Matt Lawlor told Credit Union Times that Princeton eCom’s strength on the biller side provides the opportunity for ORCC to add some innovative products.

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