Summary of ONLINE RESOURCES CORP

Item 8.01 Other Events.
In a letter dated and sent January 16, 2009, the elected Directors of Online Resources Corporation responded to a letter addressed to these Directors from a shareholder, Tennenbaum Capital Partners. This letter from the Directors appears as Exhibit 99.1 to this Form 8-K. The Tennenbaum Capital Partners' letter is appended to its Schedule 13D/A which was filed with the Securities and Exchange Commission on December 23, 2008.
Item 9.01 Financial Statements and Exhibits.

(d) Ex. 99.1 Letter to Tennenbaum Capital Partners

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

 January 16, 2009   By:   Catherine A. Graham

                          Name: Catherine A. Graham
                          Title: Executive Vice President, Chief Financial Officer
                          and Treasurer

                                 Exhibit Index

               Exhibit No.   Description
               99.1          Letter to Tennenbaum Capital Partners