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Poster: SySAdmin
Posted on January 11, 2011 at 6:14:01 AM
US Dataworks Announces Clearingworks® to Save 20% - 60% on Payment Processing
SUGAR LAND, Texas, Jan. 11, 2011 /PRNewswire/ -- US Dataworks (OTC Bulletin Board and OTC Pink Sheets: UDWK), a leader in enterprise payment solutions, announces Clearingworks®, a new on-demand payment processing service that typically will save customers 20% - 60% on their payment processing costs.
"Creating a simpler option for payment processing was our goal, and now we're able to offer an all-encompassing streamlined payment processing service that saves our clients a significant amount of money," says Clearingworks CEO, Charles Ramey.
The payment processing systems of the past and even those currently in use are an expensive, time-consuming, and error-prone necessity that often involves too many manual tasks and lots of manpower.
The Clearingworks difference is in its simplicity. Clearingworks streamlines everything - even paper processing - into a single, easy-to-use service.
Clearingworks focuses on four pillars of payment
processing:
ClearPayments. Comprehensive, integrated, multi-
1. channel payment processing.
Process payments through paper, internet, tele-based,
mail-in, walk-in, lock-box and electronic bill-pay.
Provide convenience to both your internal accounting
operations team as well as your clients, and accelerate
cash forecasting while reducing errors and simplifying
balancing. Coming soon: arranged payments and mobile
capabilities.
ClearDeposits. Easily convert payments into simplified
2. electronic deposits.
Convert payments into working capital faster with cost-
effective electronic deposits instead of expensive,
wasteful, paper-based deposits. Clearingworks(R) allows you
to configure your deposit and payment processing in
multiple ways - all based on the optimal cost structure of
your business and banking relationships. Currently, we
offer Automated Clearing House (ACH), Check21, and
Accounts Receivable Conversion (ARC) deposit channels.
Coming soon: Credit and debit capabilities.
ClearReturns. Process returns and exceptions easily and
3. conveniently.
Cut costly exception processes with Clearingworks'
automated services such as returns matching,
resubmissions, post of final returns, and fee assessments.
No more waiting for paper or IRDs to process returns, and
you'll still be compliant with Check21 rules.
ClearInsight. Easy access to important data and record
4. retention capabilities.
Simplify reporting for compliance audits and other quality
control practices with effortless payment progress
monitoring across multiple platforms, all while adhering
to strict privacy standards. Easily convert information
into charts, graphs, spreadsheets and much more with the
wide range of management reporting tools. Or, use
ClearInsight as a data warehouse to manage the retention
of records for whatever timeframe meets your requirements.
With over 8 million transactions processed each day, Clearingworks is an enterprise-proven solution for the payment processing needs of companies of all sizes and shapes. The new website, http://www.clearingworks.com, includes the Clearingworks Payment Savings Analyzer(TM) that allows visitors to receive an instant free report showing how much they can save with Clearingworks.
About US Dataworks®
Clearingworks is a service offered by US Dataworks, a publicly traded company processing more than 2 billion payments each year. The Clearingworks team has years of experience working directly with small, medium, and Fortune 50 companies.
http://www.clearingworks.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 expectations relative to our Clearingworks Cloud Delivery Model. 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 repay or refinance our debt, our ability to realize the anticipated benefits from our SaaS, ClearHistory and Mobile Payments initiatives, and other risks detailed from time to time in our SEC reports including our Annual Report on Form 10-K for the fiscal year ended March 31, 2010. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.
For more information, contact:
CONTACT: Leilani Doyle
EMAIL: leilani.doyle@clearingworks.com
PHONE # 281-504-8092
SOURCE US Dataworks
US Dataworks
CONTACT: Leilani Doyle of US Dataworks, +1-281-504-8092, leilani.doyle@clearingworks.com
Web Site: http://www.clearingworks.com
SUGAR LAND, Texas, Jan. 11, 2011 /PRNewswire/ -- US Dataworks (OTC Bulletin Board and OTC Pink Sheets: UDWK), a leader in enterprise payment solutions, announces Clearingworks®, a new on-demand payment processing service that typically will save customers 20% - 60% on their payment processing costs.
"Creating a simpler option for payment processing was our goal, and now we're able to offer an all-encompassing streamlined payment processing service that saves our clients a significant amount of money," says Clearingworks CEO, Charles Ramey.
The payment processing systems of the past and even those currently in use are an expensive, time-consuming, and error-prone necessity that often involves too many manual tasks and lots of manpower.
The Clearingworks difference is in its simplicity. Clearingworks streamlines everything - even paper processing - into a single, easy-to-use service.
Clearingworks focuses on four pillars of payment
processing:
ClearPayments. Comprehensive, integrated, multi-
1. channel payment processing.
Process payments through paper, internet, tele-based,
mail-in, walk-in, lock-box and electronic bill-pay.
Provide convenience to both your internal accounting
operations team as well as your clients, and accelerate
cash forecasting while reducing errors and simplifying
balancing. Coming soon: arranged payments and mobile
capabilities.
ClearDeposits. Easily convert payments into simplified
2. electronic deposits.
Convert payments into working capital faster with cost-
effective electronic deposits instead of expensive,
wasteful, paper-based deposits. Clearingworks(R) allows you
to configure your deposit and payment processing in
multiple ways - all based on the optimal cost structure of
your business and banking relationships. Currently, we
offer Automated Clearing House (ACH), Check21, and
Accounts Receivable Conversion (ARC) deposit channels.
Coming soon: Credit and debit capabilities.
ClearReturns. Process returns and exceptions easily and
3. conveniently.
Cut costly exception processes with Clearingworks'
automated services such as returns matching,
resubmissions, post of final returns, and fee assessments.
No more waiting for paper or IRDs to process returns, and
you'll still be compliant with Check21 rules.
ClearInsight. Easy access to important data and record
4. retention capabilities.
Simplify reporting for compliance audits and other quality
control practices with effortless payment progress
monitoring across multiple platforms, all while adhering
to strict privacy standards. Easily convert information
into charts, graphs, spreadsheets and much more with the
wide range of management reporting tools. Or, use
ClearInsight as a data warehouse to manage the retention
of records for whatever timeframe meets your requirements.
With over 8 million transactions processed each day, Clearingworks is an enterprise-proven solution for the payment processing needs of companies of all sizes and shapes. The new website, http://www.clearingworks.com, includes the Clearingworks Payment Savings Analyzer(TM) that allows visitors to receive an instant free report showing how much they can save with Clearingworks.
About US Dataworks®
Clearingworks is a service offered by US Dataworks, a publicly traded company processing more than 2 billion payments each year. The Clearingworks team has years of experience working directly with small, medium, and Fortune 50 companies.
http://www.clearingworks.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 expectations relative to our Clearingworks Cloud Delivery Model. 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 repay or refinance our debt, our ability to realize the anticipated benefits from our SaaS, ClearHistory and Mobile Payments initiatives, and other risks detailed from time to time in our SEC reports including our Annual Report on Form 10-K for the fiscal year ended March 31, 2010. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.
For more information, contact:
CONTACT: Leilani Doyle
EMAIL: leilani.doyle@clearingworks.com
PHONE # 281-504-8092
SOURCE US Dataworks
US Dataworks
CONTACT: Leilani Doyle of US Dataworks, +1-281-504-8092, leilani.doyle@clearingworks.com
Web Site: http://www.clearingworks.com