US Dataworks Showcases Enterprise Payments Platform At ETA Annual Meeting and Expo

HOUSTON, April 13 /PRNewswire-FirstCall/ -- US Dataworks (Amex: UDW) today announced that it will be showcasing the Company's innovative enterprise payments solutions available to financial institutions, corporate billers and retailers at the Electronic Transactions Association (ETA) Annual Meeting and Expo, April 13-15, at the Mandalay Bay Resort & Casino in Las Vegas.  US Dataworks will be in booth No. 358.

"The traditional approach of deploying individual platforms to process each payment type, whether it is a card or other payment mechanism, no longer works," said US Dataworks President and COO Mario Villarreal.  "US Dataworks looks forward to showing ETA delegates how our enterprise payments solutions can help their organizations reduce costs, streamline systems, mitigate risk, and improve visibility into their receivables information."  

The industry's first deployed enterprise payments platform, Clearingworks is a critical tool for helping banks, corporate billers and retailers 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 all types of payments.

Clearingworks was recently expanded to include the ability to accept and process credit and debit cards for payment.  This new functionality will support all credit card types, including VISA, MasterCard, American Express and Discover.  The platform intelligently routes credit card transactions to allow for complete flexibility in the user's choice of gateway operator and simplifies payment authorization to reduce costs for bill payment processing.  One corporate biller was able to slash its WEB and TEL clearing costs by more than 30% using Clearingworks.  In addition, Clearingworks provides a single integration point to the user's accounts receivable system, and automates returns handling for unauthorized transactions.  The expanded credit card functionality is planned for general release later this year.

The ETA Annual Meeting and Expo is an industry forum for merchant acquirers, financial institutions, processors, and alternative payment providers, value added resellers, prepaid companies, and merchant sales teams to come together for the most diverse and comprehensive show in the payments industry.  The event showcases a wide breadth of products and services.  Over 3,000 attendees, 200 exhibitors and 400 companies are expected to attend this year's event.

"The ETA Annual Meeting and Expo is an excellent venue to demonstrate the power of our enterprise payments solutions for banks, corporate billers and retailers," Villarreal said.

About US Dataworks, Inc.

Payments automation solutions from US Dataworks help financial institutions, businesses and government entities deploy an enterprise payments and receivables 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 business 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 organizations migrate from traditional paper-based payment and billing processes towards electronic payments and straight-through processing.  For more information, visit 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 or refinance 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 quarter ended September 30, 2009.  These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.

SOURCE US Dataworks, Inc.