Raymond T. Crosier is president and chief operating officer of Online Resources Corporation. He has day-to-day operating responsibility for Online Resources (NASDAQ: ORCC), a leading provider of web-based financial services to more than 3800 financial institutions, card issuers, creditors and billers and their eight million end-users. Reporting to the chief executive officer, he manages the Company’s three major operating divisions and its banking technology unit, which are based in Virginia, New Jersey and California.

Mr. Crosier also serves as vice chairman of the Board of Directors for the Electronic Funds Transfer Association, an inter-industry trade association dedicated to the advancement of electronic payments. Mr. Crosier has more than 25 years of management experience in payment systems, transaction processing and financial services technology. Prior to Online Resources, he spent 18 years at TeleCheck International, Inc., rising through the ranks to become vice president of sales and customer service for the company, now a division of First Data.

Mr. Crosier joined Online Resources in 1996 as senior vice president of sales and also served as executive vice president of client services. He has served as president & COO since 1999. Mr. Crosier is a graduate of the University of Virginia.