Company History
At US Dataworks, we are focused on helping financial institutions, businesses and government entities take advantage of the shift from paper-based to electronic payments, address industry challenges, and drive toward fulfilling key business objectives - increasing operational efficiency, improving corporate agility, and enhancing customer service.
For years, we have done this by enabling organizations to make a seamless transition from traditional paper-centric, siloed payment applications to next-generation enterprise solutions. Throughout our history, US Dataworks has helped its clients succeed in this transition by addressing pressure points in the process: innovation, connectivity, convergence, and ROI.
Today, we count among our customers the U.S. government and some of the country's top banks, credit card issuers, utilities, telecommunications companies, retailers, and BPO firms.
These organizations turn to US Dataworks in large part for its track record of innovation with enterprise payments solutions. Below is a partial list of our company's accomplishments:
- 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 37.5 percent of all ARC payments that were converted in the United States in 2007 - representing over 1 billion of the 2.6 billion ARC items reported by NACHA for the year.
- US Dataworks was selected as a member of the 2007 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.
