Financial Institutions
US Dataworks, the leading provider of enterprise payments processing solutions, offers financial institutions a broad range of capabilities for enhancing customer service, strengthening customer relationships, and increasing fee-related revenue – all while gaining new operations efficiencies.
Our banking suite leverages our leadership in consolidating paper-based and electronic transactions, as well as our long track record of innovation in delivering advanced payments automation solutions.
Faster Funds Availability
The first true enterprise payments hub, Clearingworks consolidates all paper-based and electronic transactions on a single platform, allowing financial institutions to bring down traditional check and payments silos, and reap the benefits of lower operations costs, streamlined reporting, and enhanced payments security and tracking. Consolidating payments in Clearingworks also streamlines risk management and compliance across channels. Easy to use, manage and maintain, Clearingworks supports an unlimited number of clearing arrangements, provides duplicate detection at the file, batch and item levels, and offers optional Image Quality Analysis/Image Usability Analysis (IQA/IUA).
Clearingworks provides banks with the tools they need to improve the customer experience and grow fee income. For instance, our robust Intelligent Clearing Engine combines ACH and Check 21 decisioning and offers clearing options that enable banks to offer billers faster funds availability:
- Direct Sort Clearing – predetermined clearing decisions to image clearinghouses or on-we networks, for example
- Least Cost Routing/Best Fit Clearing – the ability for our engine to choose the best clearing path for each item, based on cost, availability and environmental factors
- Total Time Clearing – automated clearing decisions for high-risk items
Rich Payments Analytics
Complementing Clearingworks, US Dataworks offers ClearHistory, the most feature-rich payments archive, reporting and analytics platform available on the market. With ClearHistory, financial institutions have the ability to maintain, manage and quickly access historical information on all of their paper-based and electronic transactions, using a single platform. With this information, financial institutions can meet ever-increasing demands from corporate billers for rich payments data – without having to write custom reports or trying to pull data from multiple legacy systems.
Evolutionary Remote Capture
US Dataworks also offers financial institutions the ability to resell our patent-pending Scan-and-Go solution. A major advancement in remote capture, our Web-based Scan-and-Go solution enables billers to quickly begin capturing payments at the point of presentment, without the need for a PC.
Key Benefits to Financial Institutions
- Leverage new fee opportunities
- Manage and monitor all payments from a single platform
- Maintain historical payment information under a single platform
- Reduce operations costs and eliminate system silos
- Reduce risk and enhance compliance controls
- No need to replace legacy systems
Download the brochure here.