US Dataworks to Showcase Apps for the Clearingworks® Platform at AFP Conference

Nov 03, 2011, 10:07 ET from US Dataworks, Inc.

SUGAR LAND, Texas, Nov. 3, 2011 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in enterprise payment solutions, announced today that it will showcase its recently developed Apps for the Clearingworks platform at the AFP (Association for Financial Professionals) Annual Conference in Boston next week.

Payments experts from US Dataworks will be among more than 6,000 finance and treasury experts who will converge at this annual event to learn and share through world-class educational topics that navigate the often complex landscape of finance. Featured speakers include former President Bill Clinton and Boston Celtics basketball legend, Bill Russell.

US Dataworks will be exhibiting in Booth No. 1736.

As a trusted leader in payments innovation, US Dataworks currently processes more than 8,000,000 payments each day for customers in the financial services, telecommunications, utilities and government sectors. US Dataworks recently opened the Clearingworks platform to enable the development of Apps that extend or add to core functions. Two Apps will be showcased:

  • PayItFast™ – This app speeds up and greatly simplifies in-store payments with minimal hardware and IT costs.
  • PayItAnywhere™ – This app enables billers to incorporate a customizable web payment interface on their own websites that is compatible with iPhones and smartphones.

These Apps not only signal the entry of US Dataworks into the world of App development but also open the door for future innovation.

Mario Villarreal, US Dataworks President and COO, commented, "In today's business environment, companies need streamlined and nimble solutions for their evolving payment processes. Clearingworks provides that solution with a solid platform that is easily extended through App development."

More information on US Dataworks and Clearingworks is available at www.usdataworks.com and www.clearingworks.com

Clearingworks' enterprise-class solution includes the four pillars of modern payment processing:

  • ClearPayments - Comprehensive, multi-channel payment processing for paper checks, Internet, phone payments, lock-box, and electronic bill-pay.
  • ClearDeposits - Multiple deposits and clearing for Automated Clearing House (ACH), Check21, and credit/debit cards.
  • ClearReturns - Automated returns matching, resubmissions, posting of final returns, and fee assessments.
  • ClearInsights - Integrated retention and retrieval of payment data and images with powerful, payment analytics.

About US Dataworks

US Dataworks offers cloud computing on-demand payment processing services with proven enterprise-class payment, deposit, returns processing, and powerful payment analytic tools.  US Dataworks is a trusted payments provider to utilities, telecommunications providers, content providers, financial institutions and government agencies. Additional information about US Dataworks is available at www.usdataworks.com and at 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 PayItAnywhere and PayItFast products.  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 detailed from time to time in our SEC reports including our Annual Report on Form 10-K for the year ended March 31, 2011 filed with the SEC on July 13, 2011.  These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.

Contact:

Leilani Doyle

US Dataworks, Inc.

281-504-8092

SOURCE US Dataworks, Inc.



RELATED LINKS

http://www.usdataworks.com


http://www.clearingworks.com