HOUSTON, April 26 /PRNewswire-FirstCall/ -- US
Dataworks (Amex: UDW) -- Extending the business benefits of its
enterprise payments platform, US Dataworks today announced the
availability of ClearHistory®, a suite of solutions that streamline
the storage, management and reporting of information from any
payments processing or clearing channel. ClearHistory
currently features two modules: Payment Archive and Payment
Analyzer. US Dataworks has a contracted purchase of the
solution and will be showcasing ClearHistory along with
Clearingworks® enterprise payments platform at NACHA's PAYMENTS
2010 event at the Washington State
Convention Center in Seattle.
US Dataworks is exhibiting in booth 322.
"Today, financial institutions, corporate billers, and
government entities are challenged to manage images and data from
multiple payments channels, and to provide a high-level of data
protection, data accessibility, and data tracking and reporting for
compliance," stated US Dataworks President and COO Mario Villarreal. "Adding to these
challenges are ever-increasing demands for real-time analytics to
improve corporate agility and customer responsiveness.
Traditional siloed payment archives are too costly, too
inefficient and too fragmented to be effective. US Dataworks
believes the solution is clear: ClearHistory."
ClearHistory combines substantial scalability and long-term
information retention capabilities with integrated high-speed
search, retrieval and reporting to reduce operations costs and
streamline compliance. Leveraging next generation data
warehousing and management technology, ClearHistory is the only
platform that enables consolidation of data and images from any
payment channel into a single, centrally-managed solution.
ClearHistory Payment Archive optimizes the management of
information from any payment channel, reducing costs and
eliminating data silos, while meeting compliance and reporting
requirements. The highly flexible archive solution is
specially designed for managing payments information across an
enterprise. ClearHistory Payment Archive seamlessly
integrates with the Clearingworks enterprise payments platform but
can also be used in conjunction with any remittance or transaction
processing application available on the market today. The
platform can also accept images and data from any legacy image
archive.
ClearHistory Payment Archive uses an advanced data warehouse
architecture that ensures reliability and availability of large
information volumes and optimizes search performance.
Extensive volumes of data and information can be supported
and stored for an unlimited length of time. The JAVA-based
ClearHistory platform runs on both Windows and UNIX platforms and
offers native support for industry-leading database environments
such as Oracle, Postgres and DB2.
ClearHistory Payment Analyzer is a powerful, first-of-its-kind
solution that provides robust, user-configurable data analytics
across all payment processing and clearing channels. The charts,
graphs and data can be used to quickly evaluate trends during a
processing day, as well as trends by day of the week,
month-to-month, year-to-year and more. It can drive
reporting, audits, CRM, operator statistics, and forecasting.
"Demands for information reporting and analysis have never been
greater," Villarreal said. "Key decisions depend on the
ability to accurately monitor, measure and predict operational
needs and payment trends. Most organizations try to bridge
legacy payment silos, only to find themselves left wanting, despite
a huge effort to integrate, report and analyze data across
channels. Payment Analyzer's ad-hoc reporting eliminates
weeks of programming effort."
About US Dataworks, Inc.
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. 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.
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 and
characterizations of ClearHistory and its anticipated benefits to
its targeted market, 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 and our new solutions' ability to
provide a higher return on investment for our clients. 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 avoid being delisted from the NYSE
Alternext US (formerly the American Stock Exchange), our ability to
repay or refinance our debt, our ability to realize the anticipated
benefits from ClearHistory and other risks detailed from time to
time in the SEC reports of US Dataworks, 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 disclaims any obligation to update these
forward-looking statements.
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CONTACTS:
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Charles Ramey,
CEO
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Donald C.
Weinberger
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US Dataworks,
Inc.
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Wolfe Axelrod
Weinberger Assoc. LLC
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Tel. (281) 504-8100
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Tel. (212)
370-4500
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Fax (212)
370-4505
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SOURCE US Dataworks, Inc.