US Dataworks' customer breaks one million daily ARC volume milestone
11 February 2004 | 643 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."