US Dataworks Announces The San Diego Union-Tribune Migrates to Clearingworks Using Cloud Delivery Model
HOUSTON, Nov. 3, 2010 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leading provider of enterprise payments solutions to financial institutions, billers, and government entities, announced today that The San Diego Union Tribune has migrated to Clearingworks®, US Dataworks' flagship product, using a Cloud delivery model. The San Diego Union-Tribune now processes all paper-based remittances, Web, and telephone-initiated payments using Clearingworks.
Clearingworks is the only enterprise payments platform in production using Cloud delivery model to provide a unique end-to-end processing of payments. With US Dataworks' personalized and proactive service, The San Diego Union-Tribune completed migration in just a few weeks with minimal impact on their IT operations.
The Cloud delivery model reduces costs associated with on-premise solutions in terms of upfront investment, maintenance and upgrades. Other benefits include reduced processing costs, low disruption to daily processing, improved funds availability, simplified bank deposits and streamlined storage of payments-related images and data. Risk is managed through advanced security, SAS-70 audits and PCI compliance.
Diane Davies, accounting operations manager for The San Diego Union-Tribune, commented, "Our payment processing requirements are unique. We have six payment amounts on our remittance coupons, as well as the ability for customers to add tips for the newspaper carrier and donations to charitable organizations. We also process payments from advertisers, which are typically high-dollar transactions that do not have a scan-able remittance document. US Dataworks took the time to understand our requirements and made it easy to automate these transactions using Clearingworks."
US Dataworks Product Manager, Leilani Doyle, added, "Clearingworks provides unique capabilities for driving unmatched levels of effectiveness and efficiency in multi-channel payments processing environments. Combining these enterprise payments capabilities with Cloud delivery turns the traditional business model for payment processing solutions on its head. As today's announcement with The San Diego Union-Tribune demonstrates, Clearingworks and Cloud delivery help users respond to emerging payments trends, as well as economic pressures."
Clearingworks is designed to provide accelerated throughput, consistent business rules application to all transaction types, centralized risk management, utilization of one-step balancing and posting of receivables, access to real-time collections information and fraud detection through a consolidated view of payment images and data. Clearingworks is also designed to simplify payment processing to allow easy integration of new payment types.
About US Dataworks
US Dataworks offers 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.
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 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.
CONTACTS: |
||
Leilani Doyle |
Donald C. Weinberger |
|
US Dataworks, Inc. |
Wolfe Axelrod Weinberger Assoc. LLC |
|
(281) 504-8092 |
Tel. (212) 370-4500 Fax (212) 370-4505 |
|
SOURCE US Dataworks, Inc.
Share this article