Science & Technology
Science and Technology
Science and Technology
Thu, January 5, 2012
US Dataworks Announces $120 Billion Dollars Processed Through the Clearingworks Payments Processing Cloud in 2011
US Dataworks Announces $120 Billion Dollars Processed Through the Clearingworks Payments... -- SUGAR LAND, Texas, Jan. 5, 2012 /PRNewswire/ --
US Dataworks Announces $120 Billion Dollars Processed Through the Clearingworks Payments Processing Cloud in 2011
SUGAR LAND, Texas, Jan. 5, 2012 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: [ UDWK ]), a leader in payment processing solutions, today announced that more than $120 billion dollars in payments were processed through a cloud deployment of the Clearingworks® payment processing platform. This defining statistic puts Clearingworks in the forefront of cloud payment processors in terms of dollars processed, as well as the variety of payments processed. The Clearingworks payments platform processes all checks, electronic checks, Automated Clearing House (ACH) payments and credit/debit cards.
Chuck Ramey, CEO of US Dataworks stated, "As part of our white-glove service, we regularly monitor key volumes and trends in our cloud solution. In December, we saw our volumes for the calendar year climb over 145 million payments totaling more than $120 billion. Now we have clear evidence that our strategy to move Clearingworks to a cloud delivery model is being accepted in the marketplace."
At a time when start-up payment platforms are touting payment processing dollar volumes in the millions, Clearingworks' hundred billion dollar statistic is a remarkable milestone. It is particularly striking that these volumes come from businesses processing a few thousand payments each month all the way to businesses processing millions of payments each month. The Clearingworks payment platform, combined with the newly released apps, makes Clearingworks the right solution for all businesses, utilities, financial institutions and government agencies.
Wade Shaw, Vice President and Product Manager for Clearingworks added, "We are able to use ClearInsights,™ our business intelligence pillar of Clearingworks, to easily monitor key statistics, volumes and trends. This is how we are able to report 2011 volumes immediately following year-end. ClearInsights provides real-time and historical information in a graphically rich presentation, including charts, graphs, dashboards and alerts. Our clients rely on ClearInsights for actionable payment information, business intelligence and predictive analysis."
Cloud services was cited again by Gartner Group as one of 2012 Information Technology Predictions and Trends. Gartner predicts that by 2015 low-cost cloud services will replace 15 percent of the projected $1 trillion IT services market. Clearingworks' early success in moving traditional payment processing to the cloud is a prime example of this transition.
Clearingworks is offered in a cloud-delivery model, as well as a traditional on-premise solution. A key benefit of Clearingworks is the ease and cost-efficiency in processing all types of payments on a single, enterprise-class platform. In today's world, customers expect greater degrees of integration, as well as real time posting to accounts. Clearingworks enables businesses of all sizes to achieve a new level of service in payment processing.
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 Clearingworks product. 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.
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[ http://www.clearingworks.com ]
[ http://www.usdataworks.com ]
