|04/13/10 - US Dataworks Showcases Enterprise Payments Platform At ETA Annual Meeting and Expo|
HOUSTON, April 13, 2010 /PRNewswire via COMTEX News Network/ -- US Dataworks (Amex: UDW) today announced that it will be showcasing the Company's innovative enterprise payments solutions available to financial institutions, corporate billers and retailers at the Electronic Transactions Association (ETA) Annual Meeting and Expo, April 13-15, at the Mandalay Bay Resort & Casino in Las Vegas. US Dataworks will be in booth No. 358.
"The traditional approach of deploying individual platforms to process each payment type, whether it is a card or other payment mechanism, no longer works," said US Dataworks President and COO Mario Villarreal. "US Dataworks looks forward to showing ETA delegates how our enterprise payments solutions can help their organizations reduce costs, streamline systems, mitigate risk, and improve visibility into their receivables information."
The industry's first deployed enterprise payments platform, Clearingworks is a critical tool for helping banks, corporate billers and retailers transform their payments environment from transaction processing to returns management. By using Clearingworks to automate multi-channel transaction processing and clearing, organizations can significantly improve operational efficiency, reduce cost, and more effectively manage all types of payments.
Clearingworks was recently expanded to include the ability to accept and process credit and debit cards for payment. This new functionality will support all credit card types, including VISA, MasterCard, American Express and Discover. The platform intelligently routes credit card transactions to allow for complete flexibility in the user's choice of gateway operator and simplifies payment authorization to reduce costs for bill payment processing. One corporate biller was able to slash its WEB and TEL clearing costs by more than 30% using Clearingworks. In addition, Clearingworks provides a single integration point to the user's accounts receivable system, and automates returns handling for unauthorized transactions. The expanded credit card functionality is planned for general release later this year.
The ETA Annual Meeting and Expo is an industry forum for merchant acquirers, financial institutions, processors, and alternative payment providers, value added resellers, prepaid companies, and merchant sales teams to come together for the most diverse and comprehensive show in the payments industry. The event showcases a wide breadth of products and services. Over 3,000 attendees, 200 exhibitors and 400 companies are expected to attend this year's event.
"The ETA Annual Meeting and Expo is an excellent venue to demonstrate the power of our enterprise payments solutions for banks, corporate billers and retailers," Villarreal said.