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UDW US Dataworks,

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Share Name Share Symbol Market Type
US Dataworks, AMEX:UDW AMEX Ordinary Share
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US Dataworks Broadens Clearingworks(TM) Functionality and Introduces Distributive Capture Capabilities at PAYMENTS 2005

11/04/2005 4:00pm

PR Newswire (US)


US Dataworks (AMEX:UDW)
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US Dataworks Broadens Clearingworks(TM) Functionality and Introduces Distributive Capture Capabilities at PAYMENTS 2005 HOUSTON, April 11 /PRNewswire-FirstCall/ -- US Dataworks, Inc. (AMEX:UDW), a leading developer of payment processing software, introduced today Distributive Capture, a revolutionary new payment processing capability that further enhances Clearingworks(TM), the company's integrated electronic payment processing platform. Clearingworks' Distributive Capture allows banks, retailers and corporate users to digitally capture both the image and data of checks received at remote branches or locations. The data and image are then able to be retrieved electronically by a central bank or corporate accounts receivable department for clearing thus eliminating the need to physically transport checks to a central bank or lockbox site for deposit. Clearingworks' Distributive Capture meets the various requirements of banks, retailers and corporate users. The new software solution is capable of handling Bank Branch Capture, Point of Purchase Conversion, Back Office Conversion, Corporate Deposit Capture, and Distributive Remittance Payment Conversion. Unlike other remote capture products currently in the market, Clearingworks' Distributive Capture uses US Dataworks' proprietary real-time web enablement functionality to provide remote, secure, web-based data capture, access, and entry capabilities from anywhere and at anytime. By providing remote and real-time access to electronic files through the worldwide web, US Dataworks can install its Clearingworks' Distributive Capture solution at a user's centralized headquarters and allow the central operation to retrieve payment data regularly from an unlimited number of remote locations. In addition, rather than charging licensing fees based on the number of remote sites using the software, fees for Clearingworks' Distributive Capture are charged through a simple and revolutionary, all inclusive price per transaction model, thus requiring little or no up-front investment from the user. "US Dataworks takes pride in often being the first to market with innovative payment processing solutions," said Terry Stepanik, president and COO of US Dataworks. "In this case however, seeing what others were offering in the area of remote capture provided us an advantage. With its unique features of real-time web enablement and central site controls, we believe Clearingworks' Distributive Capture provides users greater control and flexibility." US Dataworks will demonstrate its Clearingworks' Distributive Capture capabilities this week at the National Automated Clearing House Association's (NACHA) PAYMENTS 2005 conference in San Antonio. (Booth #137) Recent changes in the NACHA rules coupled with the passage into law of Check-21 now make it possible for banks, retailers and billers to electronically process paper checks and all other forms of payments. The transition to electronic processing of payments, via Automated Clearing House (ACH) or Check 21, is expected to create greater efficiencies and immediate cost savings for the retail and remittance industries. US Dataworks is a developer of payment processing solutions, focused on the financial services market, federal, state and local governments, billers and retailers. Software developed by US Dataworks is designed to enable organizations to transition from traditional paper-based payment and billing processes to electronic solutions that automate end-to-end processes for accepting and clearing checks. For more information, visit the company's website at http://www.usdataworks.com/ . Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to the perceived leading status of our software solution, the elimination of any need for the physical transport of all paper checks, the extent to which Clearingworks meets the requirements of certain banks, retailers and corporate users, and the extent to which licensees may retrieve payment data from unlimited remote locations are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to, the Company's 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 obtain future financing and other risks detailed from time to time in the SEC reports of US Dataworks, Inc., including its annual report on Form 10-KSB/A for the period ended March 31, 2004 and its quarterly report on Form 10-QSB/A for the period ended December 31, 2004. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements. For more information, contact: John Figone -- US Dataworks (713) 934-3855 ext. 250 Terrie James -- media contact (713) 412-2052 Ken Dennard -- investor contact (713) 529-6600 DATASOURCE: US Dataworks, Inc. CONTACT: John Figone of US Dataworks, Inc., +1-713-934-3855, ext. 250; or media, Terrie James, +1-713-412-2052, or ; or investors, Ken Dennard, +1-713-529-6600, or , both for US Dataworks, Inc. Web site: http://www.usdataworks.com/

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