SUGAR LAND, Texas, July 10, 2013 /PRNewswire/ -- US Dataworks, Inc., a leader in payment processing solutions, today announced that our partner Lighthouse Payment Services is now live on our newly released Clearingworks - NextGen Lockbox solution. Lighthouse added seventeen clients to the NextGen Lockbox solution in one week, a prime example of the ease of implementation and reliability of the product. Lighthouse expects to add more than two hundred clients to the solution over the next few months. As a well-respected payment services provider in the Northeast, Lighthouse needed a solution that enabled the business to grow in response to market demands from corporations, municipalities, financial institutions, healthcare providers and government entities.
Tom Drunsic, founder of Lighthouse Payment Services stated, "We are pleased to offer the next generation in receivables processing services to our new and existing clients. US Dataworks is a tremendous partner to work with, supporting us with expanded product capabilities, scalable and secure cloud technology and key marketing initiatives. Working together we are able to bring world-class remittance services to a growing number of clients in the Northeast and across the United States."
The NextGen Lockbox platform makes it simple to onboard all types of new clients by interfacing with a wide variety of check and document imaging equipment, allowing users to configure custom reports and accounts receivable extracts without expensive software customizations and providing an online portal for exception handling, research and reports. In addition, Lighthouse no longer has to worry about expensive infrastructure, backups and disaster recovery— it is all included with the NextGen Lockbox cloud service.
John Penrod, Vice President of Operations for US Dataworks stated, "Lighthouse is extremely focused on delivering a custom and quality service for each one of their unique business, government or financial institution clients. Clearingworks- NextGen Lockbox makes it simple for Lighthouse operators to setup custom accounting fields and unique business rules for payment processing. This gives Lighthouse a distinct competitive advantage in the market with this value-added service."
Clearingworks-NextGen Lockbox is designed to remove complexity from all types of payment processing simply by consolidating all payment channels in one flexible solution. We are committed to continued innovation, the highest standards of security and quality customer service. For more information about Lighthouse Payment Services please visit www.lighthousepayments.com or for information on the NextGen Lockbox visit www.usdataworks.com.
About Lighthouse Payment Services
Lighthouse Payment Services has made its mark in the remittance processing sector by offering a variety of wholesale and retail lockbox services to financial institutions, businesses and government agencies of all sizes. Located in the New England area, Lighthouse is on a mission to deliver consistent quality remittance processing services with competitive pricing.
About US Dataworks
US Dataworks offers cloud payment processing services with proven enterprise-class payment, deposit, returns processing, and powerful payment analytic tools. US Dataworks' solutions are trusted to process $7 billion in payments each day for utilities, telecommunications providers, content providers, financial institutions and government agencies. 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 expectations concerning our Clearingworks – NextGen Lockbox solution and our partnering arrangement with Lighthouse Payment Services. 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 business initiatives and other risks some of which were detailed in our Annual Report on Form 10-K for the year ended March 31, 2012 filed with the SEC on July 13, 2012, which risk disclosures speaks only as of such filing date. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.
Lighthouse Payment Services
SOURCE US Dataworks, Inc.