US Dataworks Joins Rackspace Partner Program

SUGAR LAND, Texas, Aug. 28, 2012 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in cloud payment processing solutions, has joined the partner program for Rackspace® Hosting (NYSE: RAX), the open cloud company.  This agreement is designed to add mutual value to US Dataworks' cloud payment processing solution and to increase targeted exposure and reputation for both companies.

"Rackspace provides our customers with the secure, solid and reliable infrastructure required for Clearingworks Cloud Payment Processing solutions," stated Marc Palombo, Senior Vice President of Sales at US Dataworks. "Their unparalleled managed hosting expertise backed by Fanatical Support® provides our clients with the best solution for powering our enterprise-class cloud payment processing solution. We are enthused about the increase in customer demand, brand loyalty and profit potential of this mutually beneficial relationship."

The Clearingworks cloud payment processing solution provided by US Dataworks currently services approximately 700 financial institutions, utilities, content providers, and credit card issuers, either directly or through its partner network.  The company is trusted by its partners and clients to process more than two billion payments each year, which represents almost six percent of all domestic check volume according to the latest Federal Reserve Bank check study*, and two percent of all ACH transactions according to the latest statistics released by the National Automated Clearing House Association.**  Clearingworks simplifies complex payment processes through its unique cloud delivery and open App architecture. 

"We look for synergistic relationships with industry leaders in the cloud to address key market opportunities," said Christopher Rajiah, vice president of worldwide channel sales at Rackspace.  "We are excited to collaborate with US Dataworks, as the availability of its Clearingworks cloud payment processing solution combined with Rackspace's Fanatical Support® delivers a significant value add to customers."

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 financial institutions, telecommunications providers, content providers, corporate billers and government agencies. Additional information about US Dataworks is available at www.usdataworks.com.

* Based on the Federal Reserve Payments study released in December 2010
**According to the National Automated Clearing House Association March 2012

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 current and future products and our participation in the Rackspace partner program.  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, 2012 filed with the SEC on July 13, 2012.  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.