18 January 2018
visit www.ebaday.com

US Dataworks' customer breaks one million daily ARC volume milestone

11 February 2004  |  659 views  |  0

US Dataworks (Amex: UDW) announced today that its payment processing solution has achieved a new threshold of accounts receivable conversion (ARC) processing volume, believed to be the first in the industry to achieve the million-per-day transaction milestone for a single customer.

The US Dataworks customer, one of the largest credit card processors, recently achieved a daily ARC processing volume in excess of 1.1 million payments converted from paper checks to electronic transactions.

"We are now beginning to see what we knew all along, that no other system processes more ARC transactions with an in-house integrated solution than US Dataworks," said US Dataworks, Chairman and CEO Chuck Ramey. "This relationship represents an excellent example of the potential for our Check 21 solutions. We expect to see an increasing number of Fortune 100 companies announcing similar milestones for processing their paper check transaction volumes."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.fivedegrees.nlvisit www.ebaday.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10644 views comments | 32 tweets | 36 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10112 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9688 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9231 views comments | 17 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8191 views comments | 8 tweets | 6 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job