US Dataworks Achieves Record Enterprise Payments Volume Growth
10 Junio 2009 - 8:00AM
PR Newswire (US)
HOUSTON, June 10 /PRNewswire-FirstCall/ -- US Dataworks, Inc.
(AMEX:UDW), the long-time leader in Accounts Receivable Check (ARC)
Conversion market share, today announced that it achieved
industry-leading enterprise payments volume growth during calendar
2008. Overall, US Dataworks achieved a ninety-five percent (95%)
growth in the total number of transactions processed involving the
clearing of check image exchange items, and the processing of Back
Office Conversion (BOC), WEB and TEL transactions, which are
automated clearing house (ACH) Standard Entry Class Codes, in 2008
as compared to the number of such transactions in 2007.
Contributing to this growth was the marked increase in the number
of image exchange transactions, which more than quadrupled in 2008,
going from 20 million transactions processed in 2007 to more the
155 million transactions processed in 2008. In addition, US
Dataworks maintained its position as the ARC volume leader with a
thirty-nine percent (39%) market share in 2008 (based on the annual
ARC volumes reported by NACHA, which tends to be steady year over
year). US Dataworks has been the ARC market share leader since the
adoption of this new Standard Entry Class Code. "US Dataworks has
consistently delivered high-performance results in the ARC space.
Our growth in check image exchange, BOC, WEB and TEL transactions
is further proof that we are on the right track in delivering
industry-leading enterprise payments solutions," said US Dataworks
President and Chief Operating Officer Mario Villarreal. "It also
means that our solutions are capable of delivering value to our
customers on many fronts, including operational efficiency and cost
savings." Since early 2006, US Dataworks has expanded its
Clearingworks(R) payments processing and clearing application into
a true Enterprise Payments Hub. US Dataworks' Clearingworks reduces
costs and simplifies payments systems and processes by providing
billers with a single platform to integrate paper-based and
electronic payment mechanisms, regardless of where they were
captured. The platform supports conventional check processing and
all NACHA Standard Entry Class Codes. Clearingworks includes
components for payments processing, check processing, retail
processing, payments decisioning and returns processing. With a
modular framework, the platform can co-exist with any legacy
payments systems and processes in support of multiple payments
channels. Clearingworks also can be delivered as a hosted solution,
with transaction-based pricing. "US Dataworks has proven,
industry-leading performance capabilities for harnessing the
business advantages of an Enterprise Payments Hub," said US
Dataworks Senior Vice President of Sales and Business Development
Mike Dignen. "Our clients are realizing improved operational
efficiency and productivity, reduction of operations and systems
costs, and streamlined compliance and control." About US Dataworks,
Inc. Payments automation solutions from US Dataworks help financial
institutions, businesses and government entities deploy an
enterprise payments infrastructure that processes and manages
paper-based and electronic transactions more efficiently and with
less risk. Designed to complement an organization's legacy systems
and processes, our enterprise payments solution delivers
capabilities for payments processing, retail payments processing,
check processing, payments decisioning, and returns management. Our
agile enterprise payments approach is particularly important as
billers migrate from paper-based payment and billing processes
towards electronic payments and straight through processing (STP).
For more information, visit http://www.usdataworks.com/. Certain
statements made in this press release (other than the historical
information contained herein) constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended, including, but not limited to,
statements regarding our expectation of continued growth, the
benefits of our recent restructuring, the anticipated features and
benefits of our new distribution payment capture solution, our
vision for payment processing and our new solutions' ability to
provide a higher return on investment for our clients. Any
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including, but
not limited to, the failure of our new solutions to perform as
anticipated, our ability to provide long-term customer value and
agility, our ability to protect our intellectual property, the
Company's position in the marketplace, its ability to develop and
timely introduce products that address market demand, its ability
to grow revenue, its ability to successfully execute its business
plans, the impact of alternative technological advances and
competitive products, market fluctuations and other risks detailed
from time to time in the SEC reports of US Dataworks, including its
annual report on Form 10-KSB for the period ended March 31, 2008
and its quarterly reports on Form 10-Q for the periods ended June
30,2008, September 30, 2008 and December 31, 2008. These
forward-looking statements speak only as of the date hereof. US
Dataworks disclaims any obligation to update these forward-looking
statements. CONTACTS: Charles Ramey, CEO Donald C. Weinberger US
Dataworks, Inc. Wolfe Axelrod Weinberger Assoc. LLC Tel. (281)
504-8100 Tel. (212) 370-4500 Fax (212) 370-4505 DATASOURCE: US
Dataworks, Inc. CONTACT: Charles Ramey, CEO, US Dataworks, Inc.,
+1-281-504-8100; or Donald C. Weinberger, Wolfe Axelrod Weinberger
Assoc. LLC, +1-212-370-4500, Fax +1-212-370-4505 Web Site:
http://www.usdataworks.com/
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