HOUSTON, Oct 05, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- US Dataworks (Amex: UDW), a leading developer of payment processing solutions, showcases its enterprise payments platform, Clearingworks(R), this week at the AFP Annual Conference from October 4 -7, 2009 in San Francisco, CA.
The industry's first deployed enterprise payments platform, Clearingworks is a critical tool for helping banks, billers and service bureaus transform their payments environment from transaction processing to returns management. By using Clearingworks to automate multi-channel transaction processing and clearing, organizations can significantly improve operational efficiency, reduce cost and more effectively manage converging paper-based and electronic payments processes -- all key requirements in our challenging economy.
Visitors to the US Dataworks expo booth (No. 314) can meet company representatives and see an overview of Clearingworks, including its components for ACH, WEB, Tel and remittance processing, check processing, payments decisioning, and returns management.
"US Dataworks' enterprise payments platform is flexible, enables continuous change and provides financial institutions and service bureaus with the infrastructure to better manage their entire transaction environment," commented US Dataworks President and COO Mario Villarreal. "Banks and billers currently face tremendous pressures to upgrade their payments platforms to handle the ever-expanding variety of emerging payment channels, all under limited budgets. The good news is that Clearingworks is a proven solution to simplify complex payment collections processing and reduce costs."
AFP's Annual Conference features keynote speakers, interactive sessions and pre-conference workshops delivering insight on industry trends and the strategies necessary for finance professionals to navigate the uncertain economy while transforming their operations.
"US Dataworks is uniquely positioned to help banks, billers and service providers reduce payments processing and clearing costs and improve operational efficiency," said Villarreal. "No other company has the full range of capabilities that banks and billers need to streamline the entire transaction lifecycle, including payments processing, check processing, payments, remote deposit capture, payments decisioning and routing, and returns management."
About US Dataworks, Inc.
US Dataworks is a developer of payment processing solutions, focused on the Financial Services market, federal, state and local governments, billers and retailers. Software developed by US Dataworks is designed to enable organizations to transition from traditional paper-based payment and billing processes to electronic solutions that automate end-to-end processes for accepting and clearing checks. Additional information about US Dataworks is available at 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 solution to perform as anticipated, our ability to provide long-term customer value and agility, our ability to protect our intellectual property, our position in the marketplace, our ability to develop and timely introduce products that address market demand, the impact of alternative technological advances and competitive products, market fluctuations, our ability to avoid being delisted from the NYSE Alternext US (formerly the American Stock Exchange), our ability to repay, refinance or extend the maturity date of our debt, and other risks detailed from time to time in the SEC reports of US Dataworks, including its annual report on Form 10-K for the year ended March 31, 2009 and its quarterly report on Form 10-Q for the three months ended June 30, 2009. 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
SOURCE US Dataworks, Inc.
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