US Dataworks Achieves Record Growth in Web Transactions

HOUSTON, May 25 /PRNewswire-FirstCall/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK) the long-time leader in Accounts Receivable Check (ARC) Conversion, today announced that it achieved record volume growth last year in Internet-initiated Automated Clearing House (ACH) transactions, and steady growth in check image exchange volume, strengthening its position as the market leader in enterprise payments solutions.

While US Dataworks maintains its position as the ARC Volume leader with a 40% market share in calendar year 2009, the company also secured an expanded share of the WEB transaction volume reported by NACHA during the same year.  As a result of this growth, US Dataworks processed 6% of all WEB Standard Entry Class Code transactions in the U.S. last year, up from a 1% volume share in calendar 2008, based on NACHA statistics.  Additionally, US Dataworks achieved 4% volume growth in Back Office Conversion (BOC) and Point of Purchase (POP) ACH transactions in calendar 2009, compared to the previous calendar year, while recording a 23% increase in check image exchange volumes in calendar 2009 as compared to calendar 2008.

"A lot of vendors talk about integrating payments channels but NACHA's most recent statistics prove that US Dataworks remains the leader in this space," said US Dataworks President and COO Mario Villarreal.  Mr. Villarreal continued, "US Dataworks plans to build on this momentum by investing in its technology and people to deliver the enterprise payments solutions that the market is demanding."

Since 2006, US Dataworks has expanded its Clearingworks® payments processing and clearing application into a true enterprise payments platform, or integrated payments hub.  Last month, US Dataworks introduced ClearHistory®, a revolutionary payment history solution that simplifies and consolidates the long-term storage of all payment transactions, regardless of source.  In addition, ClearHistory is the first solution to provide a powerful analytics tool designed to unleash the power of this consolidated payment information.  By eliminating traditional payment silos, Clearingworks and ClearHistory help financial institutions, utilities, retailers and government entities, reduce costs, mitigate risk, and increase visibility into their payments information.

About US Dataworks

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.  US Dataworks also offers a solution that consolidates the archive, management and reporting of any transaction type.  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.

All figures in the press release are approximate and rounded to the nearest whole number.

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, our new solutions' ability to provide a higher return on investment for our clients, our plans for future investment and expansion, and any implications that the statistical performance cited herein will repeat itself in the future.  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 failure to make the anticipated investments, our failure to repeat the statistical performance of prior periods, and other risks detailed from time to time in the SEC reports of US Dataworks, Inc., 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, Inc. disclaims any obligation to update these forward-looking statements.

SOURCE US Dataworks, Inc.