US Dataworks
Overview
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.
US Dataworks helps organizations deploy payments solutions that are the backbone of the emerging multi-channel payments landscape. Designed to complement an organization's legacy systems and business processes, our enterprise payments solution delivers modular and end-to-end capabilities proven to increase operational efficiency and effectiveness, streamline compliance, control and reporting, and enhance customer service and fee-related revenues. 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.
Why US Dataworks
US Dataworks has long-standing innovative solution expertise in payments automation. This expertise helps organizations of all sizes leverage the broad vision of next-generation enterprise payment solutions. We apply our thought leadership to provide differentiated solutions that solve some of your most pressing payments challenges. Our enterprise payments approach, item-based pricing structure, and Web-based solutions delivery model also set us apart in the market.
Here are some examples of our industry leadership:
- US Dataworks was the first company to offer One Pass decisioning for ARC eligibility - eliminating the second pass for power encoding on all converted items.
- Working in conjunction with OPEX, US Dataworks was the first software vendor to bring Zero Pass processing to market - providing users with the ability to determine ARC eligibility during mail extraction.
- Our MICR parsing and returns engines set new industry standards for acceptable administrative return rates - significantly beating the higher percentages still produced by other solutions.
- US Dataworks technology processed 39 percent of all ARC payments that were converted in the United States in 2008 - representing over 1 billion of the 2.67 billion ARC items reported by NACHA for the year.
- US Dataworks was selected as a member of the 2008 Deloitte Technology Fast 500, a ranking of the fastest growing technology, media, telecommunications and life sciences companies in North America.
- Our Least Cost Routing/Best Fit Clearing (LCR/BFC) logic changed the way the industry thought of their banking relationships - giving organizations control over reducing their costs and increasing their availability.
- US Dataworks is the first vendor to provide an Enterprise Payment Solution approach to payment processing with capabilities such as a globally accessible interface, and full integration of multiple payment channels through a single hub - allowing organizations to adopt a single platform for their end-to-end payment processing.
- Our clearing capabilities permit Bankers Banks to own and maintain their own Image Clearinghouse network - allowing Bankers Banks to reap the benefits of the reduced transaction costs as compared to other outsourced clearing house solutions.
US Dataworks Corporate Overview
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