The payments operations at most organizations typically consist of platform and application silos, creating significant processing challenges. Platform silos inhibit an organization's ability to integrate customer, bank and payment data across multiple payment channels. Application silos increase transaction cost and operational risk due to redundant processing. Complicating matters, the cost to adapt and integrate these legacy systems is extremely high.

US Dataworks can help.

Our flagship solution, Clearingworks, is the industry's first deployed enterprise payments platform for the end-to-end processing of any paper-based or electronic payments or clearing channel. The Clearingworks platform provides modular capabilities for:

Payment Processing
Retail Processing
Check Processing
Payment Decisioning
Return Processing

Providing global accessibility and monitoring, Clearingworks seamlessly integrates with any legacy payment systems, processes and protocols. The solution currently handles billions of items annually using Check 21, ACH and conventional remittance and lockbox processing, accommodates the conversion of all NACHA items (ARC, POP, RCK, TEL, WEB, PPD, CCD and BOC) and processes any substitute checks and image exchange files authorized under Check 21. The combination of ACH and Check 21 clearing alternatives provides the ability to electronically convert all transactions, providing a flexible framework for the migration from paper-based to electronic payments.

This enterprise payments approach delivers significant value, including:

• Optimized multi-channel payment processing
• Reduced risk through data management/shared services
• Improved compliance, control and reporting
• Improved technology and process standardization
• An agile foundation for future payments initiatives

Why Clearingworks

• Industry's first deployed enterprise payments platform
• True multi-channel processing supports any payments or clearing channel
• Shared Services architecture breaks down platform and application silos
• Open architecture co-exists with any legacy systems, processes and protocols
• Item-based pricing eliminates onerous upfront license expenses

Clearingworks Brochure

For additional information about our Clearingworks solution, download the brochure here. Adobe Acrobat Reader is required.