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US Dataworks Announces the New PayItAnywhere(TM) App for the Clearingworks® Platform
Taking payments from your website, iPad, or smart phone has never been easier, safer, or more affordable
SUGAR LAND, Texas, Nov. 2, 2011 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in payment processing solutions, today announced the launch of PayItAnywhere, a new App that extends the Clearingworks Platform by accepting one-time or recurring payments from any biller's website. This new App enables billers to keep up with the online payments landscape, which is complicated by changes in technology, security requirements, and customer demands. PayItAnywhere also enhances the overall customer experience through seamless integration with all other payment channels, while reducing the burden of PCI compliance.
Online payments posted a double-digit growth over the last 12 months, according to the 2010 Billing Household Survey.* This study also confirmed that billing and payment activities are the primary reasons consumers visit company websites of service businesses. What's more, the overall customer experience of bill payment influenced customer retention. According to an Aite Group study released in April 2011, nearly 26% of all consumers will pay their bills at billers' websites by 2013.** Billers must provide the best customer experience possible in processing their payments and remove unnecessary barriers to online bill payment, such as convenience fees, delays, and poor user experience.
PayItAnywhere delivers on that promise with a user experience that maintains the biller's brand image, while saving all payment information for simplified recurring payments. In addition, the modern user interface is optimized for use on iPhones, iPads, Android phones, and other smart phones. PayItAnywhere also provides a web services interface for billers with more advanced payment processing needs. PayItAnywhere is priced at a simple monthly subscription fee plus an initial setup fee.
"Traditionally, many utilities and other billers relied on third-party services that were expensive, delayed processing of payments, failed to keep the promise of brand integrity, and delayed payment posting to accounts," stated Leilani Doyle, Vice President, Marketing and Product Management for US Dataworks. "With PayItAnywhere, all payments are consolidated into the Clearingworks cloud-based platform for ease of posting to accounts receivable systems."
PayItAnywhere is another App in our growing suite of Apps that extends Clearingworks' four pillars of modern payment processing:
-- ClearPayments - Comprehensive, multi-channel payment processing for
paper checks, Internet, phone payments, lock-box, and electronic
bill-pay.
-- ClearDeposits - Multiple deposits and clearing for Automated Clearing
House (ACH), Check21, and credit/debit cards.
-- ClearReturns - Automated returns matching, resubmissions, posting of
final returns, and fee assessments.
-- ClearInsights - Integrated retention and retrieval of payment data and
images with powerful, payment analytics.
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 http://www.usdataworks.com and at http://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 PayItAnywhereproduct. 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.
* FiServ. 2010 Billing Household Survey
**Aite Group Report on Biller Direct Technology April 2011
Contact: Leilani Doyle
US Dataworks,
Inc.
281-504-8092
SOURCE US Dataworks, Inc.
US Dataworks, Inc.
Web Site: http://www.clearingworks.com
US Dataworks Announces the New PayItAnywhere(TM) App for the Clearingworks® Platform
Taking payments from your website, iPad, or smart phone has never been easier, safer, or more affordable
SUGAR LAND, Texas, Nov. 2, 2011 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in payment processing solutions, today announced the launch of PayItAnywhere, a new App that extends the Clearingworks Platform by accepting one-time or recurring payments from any biller's website. This new App enables billers to keep up with the online payments landscape, which is complicated by changes in technology, security requirements, and customer demands. PayItAnywhere also enhances the overall customer experience through seamless integration with all other payment channels, while reducing the burden of PCI compliance.
Online payments posted a double-digit growth over the last 12 months, according to the 2010 Billing Household Survey.* This study also confirmed that billing and payment activities are the primary reasons consumers visit company websites of service businesses. What's more, the overall customer experience of bill payment influenced customer retention. According to an Aite Group study released in April 2011, nearly 26% of all consumers will pay their bills at billers' websites by 2013.** Billers must provide the best customer experience possible in processing their payments and remove unnecessary barriers to online bill payment, such as convenience fees, delays, and poor user experience.
PayItAnywhere delivers on that promise with a user experience that maintains the biller's brand image, while saving all payment information for simplified recurring payments. In addition, the modern user interface is optimized for use on iPhones, iPads, Android phones, and other smart phones. PayItAnywhere also provides a web services interface for billers with more advanced payment processing needs. PayItAnywhere is priced at a simple monthly subscription fee plus an initial setup fee.
"Traditionally, many utilities and other billers relied on third-party services that were expensive, delayed processing of payments, failed to keep the promise of brand integrity, and delayed payment posting to accounts," stated Leilani Doyle, Vice President, Marketing and Product Management for US Dataworks. "With PayItAnywhere, all payments are consolidated into the Clearingworks cloud-based platform for ease of posting to accounts receivable systems."
PayItAnywhere is another App in our growing suite of Apps that extends Clearingworks' four pillars of modern payment processing:
-- ClearPayments - Comprehensive, multi-channel payment processing for
paper checks, Internet, phone payments, lock-box, and electronic
bill-pay.
-- ClearDeposits - Multiple deposits and clearing for Automated Clearing
House (ACH), Check21, and credit/debit cards.
-- ClearReturns - Automated returns matching, resubmissions, posting of
final returns, and fee assessments.
-- ClearInsights - Integrated retention and retrieval of payment data and
images with powerful, payment analytics.
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 http://www.usdataworks.com and at http://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 PayItAnywhereproduct. 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.
* FiServ. 2010 Billing Household Survey
**Aite Group Report on Biller Direct Technology April 2011
Contact: Leilani Doyle
US Dataworks,
Inc.
281-504-8092
SOURCE US Dataworks, Inc.
US Dataworks, Inc.
Web Site: http://www.clearingworks.com