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<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549<BR>
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</DIV>

<P align="center" style="font-size: 18pt"><B>FORM S-8</B>


<P align="center" style="font-size: 10pt">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933


<P align="center" style="font-size: 24pt"><B>Online Resources Corporation<BR>
<HR size="1" noshade width="45%" align="center"></B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>



<P align="center" style="font-size: 10pt"><b>Delaware</b><BR>
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<DIV align="center" style="font-size: 10pt">(State or other jurisdiction of incorporation or organization)</DIV>



<P align="center" style="font-size: 10pt"><b>52-1623052</b><BR>
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<DIV align="center" style="font-size: 10pt">(I.R.S. employer identification no.)</DIV>



<P align="center" style="font-size: 10pt"><b>7600 Colshire Road, McLean, Virginia 22102</b><BR>
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<DIV align="center" style="font-size: 10pt">(Address of principal executive offices) (Zip code)</DIV>



<P align="center" style="font-size: 10pt"><u>ONLINE RESOURCES CORPORATION 1999 STOCK OPTION PLAN</u>



<P align="center" style="font-size: 10pt"><B>Catherine A. Graham<BR>
Executive Vice President and Chief Financial Officer<BR>
7600 Colshire Drive<BR>
McLean, Virginia 22102</B><BR>
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<DIV align="center" style="font-size: 10pt">(Name and address of agent for service)</DIV>



<P align="center" style="font-size: 10pt"><b>(703)&nbsp;394-5100</b><BR>
<HR size="1" noshade width="45%" align="center">

<DIV align="center" style="font-size: 10pt">(Telephone number, including area code, of agent for service)<br>
Copy to:</DIV>



<P align="center" style="font-size: 10pt">Mark J. Wishner



<P align="center" style="font-size: 10pt">Mintz Levin Cohn Ferris Glovsky and Popeo, PC



<P align="center" style="font-size: 10pt">Suite&nbsp;900



<P align="center" style="font-size: 10pt">12010 Sunset Hills Drive



<P align="center" style="font-size: 10pt">Reston, Virginia 20190



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">CALCULATION OF REGISTRATION FEE



<P align="center" style="font-size: 10pt"><HR size="4" noshade width="100%" align="center">


<DIV align="center">
    <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
      <!-- Begin Table Head -->
      <TR valign="bottom">
        <TD width="37%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="7%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="7%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
      </TR>
      <TR style="font-size: 8pt" valign="bottom">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3"><B>Proposed</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
      </TR>
      <TR style="font-size: 8pt" valign="bottom">
        <TD nowrap align="left"><div align="center"><B>Title of securities</B></div></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3"><B>maximum offering</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3"><B>aggregate offering</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
      </TR>
      <TR style="font-size: 8pt" valign="bottom">
        <TD nowrap align="left" style="border-bottom:"><div align="center"><B>to
            be registered</B></div></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3" style="border-bottom:"><B>registered(1)</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3" style="border-bottom:"><B>price
          per share(1)</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3" style="border-bottom:"><B>price(1)</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center" colspan="3" style="border-bottom:"><B>registration
          fee(1)</B></TD>
      </TR>
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      <TR valign="bottom" style="background: #ffffff">
        <TD colspan="17"><hr size="1"></TD>
      </TR>
      <TR valign="bottom" style="background: #eeeeee">
        <TD><DIV style="margin-left:10px; text-indent:-10px">Common Stock, par
            value $0.001 per share</DIV></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">5,100,623</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">$</TD>
        <TD align="right">6.475</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">$</TD>
        <TD align="right">33,026,534</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">$</TD>
        <TD align="right">4,184.46</TD>
        <TD>&nbsp;</TD>
      </TR>
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    </TABLE>
</DIV>



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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pursuant to Rules 457(c) and 457(h)(1), the proposed maximum offering price per share, proposed
maximum aggregate offering price and the amount of the registration fee are based on the average of
the high and low price of $6.475 per share of Online Resources Corporation common stock on May&nbsp;21,
2004 as reported on the Nasdaq National Market.</TD>
</TR>

</TABLE>


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<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">Explanatory Note



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form S-8 of Online Resources Corporation
(&#147;Online&#148;) is being filed to register 5,100,623 additional shares of common
stock authorized for issuance under Online&#146;s 1999 Stock Option Plan, as amended
(the &#147;1999 Plan&#148;). Online previously registered 757,708 shares of common stock
previously authorized for issuance under the 1999 Plan. The total number of
shares currently authorized for issuance under the 1999 Plan is 5,858,331. See
Registration Statement on Form S-8 (Registration No.&nbsp;333-92607) which was filed
with the SEC on December&nbsp;10, 1999. In accordance with Section&nbsp;E of the General
Instructions to Form S-8, the contents of Form S-8, Registration No.&nbsp;333-92607,
filed by Online with the SEC on December&nbsp;10, 1999 are incorporated herein by
reference.


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<P align="center" style="font-size: 10pt">&nbsp;
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<P align="center" style="font-size: 10pt">EXHIBIT INDEX


<DIV align="center">
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        <TD width="9%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="88%">&nbsp;</TD>
      </TR>
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      <!-- Begin Table Body -->
      <TR valign="bottom">
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
            <div align="left">Exhibit<BR>
              <u>Number</u> </div>
          </DIV></TD>
        <TD>&nbsp;</TD>
        <TD align="right" valign="bottom"><div align="center"><u>Description</u></div></TD>
      </TR>
      <TR valign="bottom">
        <TD valign="top">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right" valign="bottom">&nbsp;</TD>
      </TR>
      <TR valign="bottom">
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1 </DIV></TD>
        <TD>&nbsp;</TD>
        <TD align="right" valign="bottom"><div align="left">Opinion of Mintz Levin
            Cohen Ferris Glovsky and Popeo, PC regarding the legality of the shares
            of Common Stock being registered.*</div></TD>
      </TR>
      <TR valign="bottom">
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
        <TD>&nbsp;</TD>
        <TD align="right" valign="bottom"><div align="left"></div></TD>
      </TR>
      <TR valign="bottom">
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.01
          </DIV></TD>
        <TD>&nbsp;</TD>
        <TD align="right" valign="bottom"><div align="left">Consent of Ernst &#038;
            Young LLP.*</div></TD>
      </TR>
      <TR valign="bottom">
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
        <TD>&nbsp;</TD>
        <TD align="right" valign="bottom"><div align="left"></div></TD>
      </TR>
      <TR valign="bottom">
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.02
          </DIV></TD>
        <TD>&nbsp;</TD>
        <TD align="right" valign="bottom"><div align="left">Consent of Mintz Levin
            Cohen Ferris Glovsky and Popeo, PC (contained in Exhibit&nbsp;5.1).*</div></TD>
      </TR>
      <TR valign="bottom">
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
        <TD>&nbsp;</TD>
        <TD align="right" valign="bottom"><div align="left"></div></TD>
      </TR>
      <TR valign="bottom">
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24 </DIV></TD>
        <TD>&nbsp;</TD>
        <TD align="right" valign="bottom"><div align="left">Power of Attorney
            (contained on signature page).*</div></TD>
      </TR>
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    </TABLE>
</DIV>



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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Filed herewith</TD>
</TR>

</TABLE>


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<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt">SIGNATURES



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the County of Fairfax, Virginia on May&nbsp;27, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="27%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Online Resources Corporation</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ Matthew P. Lawlor</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Matthew P. Lawlor</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer</TD>
</TR>


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</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.
We, the undersigned officers and directors of Online Resources Corporation,
hereby severally and individually constitute and appoint Matthew P. Lawlor and
Catherine A. Graham, and each of them, the true and lawful attorneys and agents
of each of us to execute in the name, place and stead of each of us
(individually and in any capacity stated below) any and all amendments to this
Registration Statement on Form S-8, and all instruments necessary or advisable
in connection therewith and to file the same with the Securities and Exchange
Commission, each of said attorneys and agents to have power to act with or
without the other and to have full power and authority to do and perform in the
name and on behalf of each of the undersigned every act whatsoever necessary or
advisable to be done in the premises as fully and to all intents and purposes
as any of the undersigned might or could do in person, and we hereby ratify and
confirm our signatures as they may be signed by our said attorneys and agents
and each of them to any and all such amendment and amendments.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="24%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="71%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;27,
            2004 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ Matthew P. Lawlor</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Matthew P. Lawlor</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Principal Executive Officer)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;27,
            2004 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ Catherine A. Graham</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Catherine A.Graham</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President and Chief Financial Officer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Chief Financial Officer)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;27,
            2004 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ Michael H. Heath</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Michael H. Heath</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;27,
            2004 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ William H. Washecka</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">William H. Washecka</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;27,
            2004 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ Ervin R. Shames</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ervin R. Shames</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;27,
            2004 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ Barry D. Wessler</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Barry D. Wessler</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;27,
            2004 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ Joseph J. Spalluto</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Joseph J. Spalluto</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;27,
            2004 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ David O&#146;Connor</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">David O&#146;Connor</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;27,
            2004 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ Edward E. Furash</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Edward E. Furash</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<!-- End Table Body -->
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[{"type": "S-8", "sequence": "1", "filename": "w97816sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 24990}]
{"company-data": {"conformed-name": "ONLINE RESOURCES CORP", "cik": "0000888953", "assigned-sic": "7389", "irs-number": "521623052", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-115940", "film-number": "04835311"}, "business-address": {"street1": "7600 COLSHIRE DRIVE", "city": "MCLEAN", "state": "VA", "zip": "22102", "phone": "7033945100"}, "mail-address": {"street1": "7600 COLSHIRE DRIVE", "city": "MCLEAN", "state": "VA", "zip": "22102"}, "former-company": {"former-conformed-name": "ONLINE RESOURCES & COMMUNICATIONS CORP", "date-changed": "19990308"}}
sv8
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Online Resources Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
52-1623052
(I.R.S. employer identification no.)
7600 Colshire Road, McLean, Virginia 22102
(Address of principal executive offices) (Zip code)
ONLINE RESOURCES CORPORATION 1999 STOCK OPTION PLAN
Catherine A. Graham
Executive Vice President and Chief Financial Officer
7600 Colshire Drive
McLean, Virginia 22102
(Name and address of agent for service)
(703) 394-5100
(Telephone number, including area code, of agent for service)
Copy to:
Mark J. Wishner
Mintz Levin Cohn Ferris Glovsky and Popeo, PC
Suite 900
12010 Sunset Hills Drive
Reston, Virginia 20190
CALCULATION OF REGISTRATION FEE
Proposed
Proposed maximum
Title of securities
Amount to be
maximum offering
aggregate offering
Amount of
to
            be registered
registered(1)
price
          per share(1)
price(1)
registration
          fee(1)
Common Stock, par
            value $0.001 per share
5,100,623
$
6.475
$
33,026,534
$
4,184.46
(1)
Pursuant to Rules 457(c) and 457(h)(1), the proposed maximum offering price per share, proposed
maximum aggregate offering price and the amount of the registration fee are based on the average of
the high and low price of $6.475 per share of Online Resources Corporation common stock on May 21,
2004 as reported on the Nasdaq National Market.
Explanatory Note
This Registration Statement on Form S-8 of Online Resources Corporation
("Online") is being filed to register 5,100,623 additional shares of common
stock authorized for issuance under Online's 1999 Stock Option Plan, as amended
(the "1999 Plan"). Online previously registered 757,708 shares of common stock
previously authorized for issuance under the 1999 Plan. The total number of
shares currently authorized for issuance under the 1999 Plan is 5,858,331. See
Registration Statement on Form S-8 (Registration No. 333-92607) which was filed
with the SEC on December 10, 1999. In accordance with Section E of the General
Instructions to Form S-8, the contents of Form S-8, Registration No. 333-92607,
filed by Online with the SEC on December 10, 1999 are incorporated herein by
reference.
EXHIBIT INDEX
Exhibit
Number
Description
5.1
Opinion of Mintz Levin
            Cohen Ferris Glovsky and Popeo, PC regarding the legality of the shares
            of Common Stock being registered.*
23.01
Consent of Ernst &
            Young LLP.*
23.02
Consent of Mintz Levin
            Cohen Ferris Glovsky and Popeo, PC (contained in Exhibit 5.1).*
24
Power of Attorney
            (contained on signature page).*
*
Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the County of Fairfax, Virginia on May 27, 2004.
Online Resources Corporation
By: /s/ Matthew P. Lawlor
Matthew P. Lawlor
Chairman and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.
We, the undersigned officers and directors of Online Resources Corporation,
hereby severally and individually constitute and appoint Matthew P. Lawlor and
Catherine A. Graham, and each of them, the true and lawful attorneys and agents
of each of us to execute in the name, place and stead of each of us
(individually and in any capacity stated below) any and all amendments to this
Registration Statement on Form S-8, and all instruments necessary or advisable
in connection therewith and to file the same with the Securities and Exchange
Commission, each of said attorneys and agents to have power to act with or
without the other and to have full power and authority to do and perform in the
name and on behalf of each of the undersigned every act whatsoever necessary or
advisable to be done in the premises as fully and to all intents and purposes
as any of the undersigned might or could do in person, and we hereby ratify and
confirm our signatures as they may be signed by our said attorneys and agents
and each of them to any and all such amendment and amendments.
Date: May 27,
            2004
By: /s/ Matthew P. Lawlor
Matthew P. Lawlor
Chairman and Chief Executive Officer
(Principal Executive Officer)
Date: May 27,
            2004
By: /s/ Catherine A. Graham
Catherine A.Graham
Executive Vice President and Chief Financial Officer
(Chief Financial Officer)
Date: May 27,
            2004
By: /s/ Michael H. Heath
Michael H. Heath
Director
Date: May 27,
            2004
By: /s/ William H. Washecka
William H. Washecka
Director
Date: May 27,
            2004
By: /s/ Ervin R. Shames
Ervin R. Shames
Director
Date: May 27,
            2004
By: /s/ Barry D. Wessler
Barry D. Wessler
Director
Date: May 27,
            2004
By: /s/ Joseph J. Spalluto
Joseph J. Spalluto
Director
Date: May 27,
            2004
By: /s/ David O'Connor
David O'Connor
Director
Date: May 27,
            2004
By: /s/ Edward E. Furash
Edward E. Furash
Director