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  <TITLE> Online Resources Corporation (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	July 26, 2007
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  	Online Resources Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	0-26123
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  	52-1623052
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	4795 Meadow Wood Lane, Suite 300, Chantilly, Virginia
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  	20151
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	703-653-3100
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 1.01 Entry into a Material Definitive Agreement.
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  (a)	(1)  On July 26, 2007, Online Resources Corporation and its wholly-owned subsidiary, ITS Acquisition Sub, LLC, entered into an Agreement and Plan of Merger ("Merger Agreement") with Internet Transaction Solutions, Inc. ("ITS") pursuant to which ITS will merge into the subsidiary.<br><br>        (2)  Under the Merger Agreement, the holders of outstanding equity interests of ITS, inclusive of options, will receive  $45,000,000, as adjusted in accordance with the Merger Agreement, in cash and shares of Online Resources Corporation common stock.  The shares of common stock for these purposes will be valued at their  volume weighted average price for the 10 trading days ended July 24, 2007.  It is anticipated that at least  50% of the merger consideration will comprise shares of common stock.  Following the merger, the shares issued will be registered for resale although the right to sell will be limited for some of ITS&#x2019; stockholders for six-months after the consummation of the merger with ITS.  Approximately $3,600,000 of the cash paid in the merger will be escrowed in order to indemnify Online Resources from losses for which indemnification has been provided under the Merger Agreement.<br>
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  	Item 9.01 Financial Statements and Exhibits.
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  (d)      Exhibit 99.1 - Agreement and Plan of Merger among Online Resouces Corporation, ITS Acquisition Sub, LLC and Internet Transaction Solutions, Inc.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Online Resources Corporation
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  	&nbsp;&nbsp;
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  <I>
  	August 1, 2007
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  	&nbsp;
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  	By:
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  <I>
  	Catherine A. Graham
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  	&nbsp;
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  <I>
  	Name: Catherine A. Graham
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  <I>
  	Title: Executive Vice President and Cheif Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	99.1
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  	&nbsp;
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  Agreement and Plan of Merger among Online Resouces Corporation, ITS Acquisition Sub, LLC and Internet Transaction Solutions, Inc.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_21793.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11150}]
metadata_filer: {"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": "8-K", "act": "34", "file-number": "000-26123", "film-number": "071015885"}, "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"}}
text: Online Resources Corporation (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  July 26, 2007
  Online Resources Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  0-26123
  52-1623052
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  4795 Meadow Wood Lane, Suite 300, Chantilly, Virginia
  20151
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  703-653-3100
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  (a)	(1)  On July 26, 2007, Online Resources Corporation and its wholly-owned subsidiary, ITS Acquisition Sub, LLC, entered into an Agreement and Plan of Merger ("Merger Agreement") with Internet Transaction Solutions, Inc. ("ITS") pursuant to which ITS will merge into the subsidiary.
  (2)  Under the Merger Agreement, the holders of outstanding equity interests of ITS, inclusive of options, will receive  $45,000,000, as adjusted in accordance with the Merger Agreement, in cash and shares of Online Resources Corporation common stock.  The shares of common stock for these purposes will be valued at their  volume weighted average price for the 10 trading days ended July 24, 2007.  It is anticipated that at least  50% of the merger consideration will comprise shares of common stock.  Following the merger, the shares issued will be registered for resale although the right to sell will be limited for some of ITS' stockholders for six-months after the consummation of the merger with ITS.  Approximately $3,600,000 of the cash paid in the merger will be escrowed in order to indemnify Online Resources from losses for which indemnification has been provided under the Merger Agreement.
  Item 9.01 Financial Statements and Exhibits.
  (d)      Exhibit 99.1 - Agreement and Plan of Merger among Online Resouces Corporation, ITS Acquisition Sub, LLC and Internet Transaction Solutions, Inc.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Online Resources Corporation
  August 1, 2007
  By:
  Catherine A. Graham
  Name: Catherine A. Graham
  Title: Executive Vice President and Cheif Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Agreement and Plan of Merger among Online Resouces Corporation, ITS Acquisition Sub, LLC and Internet Transaction Solutions, Inc.