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CHANTILLY, Va. – Online Resources Corp. has completed its acquisition of payments processor Princeton eCom for $180 million in cash and an earn-out of up to $10 million. Online Resources now serves more than 2,200 financial institutions and 1,600 billers and says it expects to process more than 200 million transactions, representing about $75 billion in bill payments in the next year. “The combination with Princeton eCom clearly establishes Online Resources as a leader in electronic bill payments,” says Matt Lawlor, Online Resource’s chairman and CEO. “We welcome Princeton’s clients, partners and staff to Online Resources.” Ronald W. Averett, Princeton eCom’s CEO, was named to head the combined companies’ e-commerce business, including Princeton eCom’s BSP and Online Resources’ card, credit and real-time payments services, when the purchase was announced in May. Online Resources was founded in 1989 and includes several hundred credit unions on its list of online banking and e-commerce clients. The company says it serves about eight million end users.

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