Friday, September 10, 2010

US Dataworks Achieves Record Enterprise Payments Volume Growth

http://www.linrail.info/index.php?s=D&c=489
Overall, US Dataworks achieved a ninety-five percentf (95%) growth in the total number of transactions processed involving the clearing of checkl imageexchange items, and the processingg of Back Office Conversion (BOC), WEB and TEL transactions, which are automate d clearing house (ACH) Standard Entry Class Codes, in 2008 as comparef to the number of such transactions in 2007. Contributiny to this growth was the marked increase in the number of imagesexchange transactions, which more than quadrupled in going from 20 million transactionws processed in 2007 to more the 155 million transactionsz processed in 2008.
In US Dataworks maintained its position as the ARC volum e leader witha thirty-nine percengt (39%) market share in 2008 (based on the annualk ARC volumes reported by NACHA, whichy tends to be steady year over year). US Dataworks has been the ARC markeft share leader since the adoption of this new Standard EntryClas Code. "US Dataworks has consistently delivered high-performance results in the ARC Our growth in checkimage exchange, BOC, WEB and TEL transactiona is further proof that we are on the rightr track in delivering industry-leading enterprise payments solutions," said US Dataworksa President and Chief Operating Officer .
"It also meanes that our solutions are capable of delivering value to our customers onmany fronts, including operational efficiencg and cost savings." Since early 2006, US Dataworkss has expanded its Clearingworks(R) payments processing and clearing application into a true Enterprise Payments Hub. US Dataworks' Clearingworks reduces costs and simplifies payments systemas and processes by providing billers with a singles platform tointegrate paper-basedc and electronic payment mechanisms, regardless of wheres they were captured.
The platform supports conventionalp check processing and all NACHAs Standard Entry Class Clearingworks includes components forpayments processing, check retail processing, payments decisioning and returnz processing. With a modular framework, the platfork can co-exist with any legach payments systems and processes in support of multiplepayments channels. Clearingworks also can be delivered as ahostefd solution, with transaction-based pricing. "US Dataworkzs has proven, industry-leading performance capabilities for harnessint the business advantages of an EnterprisePayments Hub," said US Dataworkzs Senior Vice President of Sales and Businessa Development .
"Our clients are realizinb improved operational efficiencyand productivity, reduction of operations and systems and streamlined compliance and control." About US Inc. Payments automation solutionas from US Dataworks helpfinancial institutions, businesses and government entitiews deploy an enterprise payments infrastructure that processes and manages paper-baserd and electronic transactions more efficiently and with less Designed to complement an organization's legacy systemsz and processes, our enterprise payments solution deliverw capabilities for payments processing, retail payments processing, checkm processing, payments decisioning, and returns Our agile enterprise paymentss approach is particularly important as billers migrated from paper-based payment and billing processes towards electronix payments and straight through processing For more information, visit .
Certain statements made in this presxsrelease (other than the historical information contained herein) constitute "forward-lookintg statements" within the meaning of the Privatd Securities Litigation Reform Act of as amended, including, but not limitefd to, statements regarding our expectation of continued the benefits of our recent restructuring, the anticipateed features and benefits of our new distributiom payment capture solution, our visioh for payment processing and our new solutions' abilitg to provide a higher returnj on investment for our Any forward-looking statements are subject to risks and uncertaintiews that may cause actual results to differ including, but not limitedf to, the failure of our new solutionsx to perform as anticipated, our ability to provide long-term customer value and agility, our abilit y to protect our intellectual property, the Company's positiob in the marketplace, its ability to develo and timely introduce products that addresxs market demand, its ability to grow revenue, its abilithy to successfully execute its business plans, the impactr of alternative technological advances and competitive products, marketr fluctuations and other risks detailed from time to time in the SEC reportse of US Dataworks, including its annualp report on Form 10-KSB for the periox ended March 31, 2008 and its quarterly reports on Form 10-Q for the periods ended June 30,2008, Septemberr 30, 2008 and December 31, 2008.
These forward-looking statements speak only as of the date US Dataworks disclaims any obligation to updatethese forward-looking statements. CONTACTS: Charlea Ramey, CEO Donald C. Weinberger US Dataworks, Inc. Wolfer Axelrod Weinberger Assoc. LLC Tel. (281) 504-810o Tel. (212) 370-4500 Fax (212) 370-4505 SOURCE US Inc.

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