US Dataworks moves to the cloud

Source: US Dataworks

US Dataworks, Inc. (OTC Bulletin Board and OTC Pink Sheets: UDWK), a leader in enterprise payment solutions, today announced a strategic new direction for the Company with the launch of its Clearingworks® payment processing platform as an on-demand cloud-computing service.

This new Clearingworks solution is a cloud-based payment processing service that positions the company to participate in a fast and rapidly growing market segment. Gartner, a leading information and technology research and advisory company, has identified cloud-based payment processing a major growth sector, expected to be a $2.6 billion market by 2013 with a compound annual growth rate of 54%.

Charles E. Ramey, Chairman and CEO of US Dataworks, commented, "Creating a simpler, cost effective option for payment processing was our goal, and we have delivered with Clearingworks. Using cloud delivery technology we are able to offer an all-encompassing, comprehensive, integrated, multi-channel streamlined payment processing service that saves our clients 20%-60% on their payment processing costs. In addition, by bringing this new service to the market, it strategically positions our Company to pursue and participate in this rapidly growing market segment."

With over 8 million transactions processed each day, Clearingworks is an enterprise-proven solution for the payment processing needs of companies of all sizes and shapes. Our new website, www.clearingworks.com includes the Clearingworks Payment Savings Analyzer™ that allows visitors to receive an instant free report showing how much they can save with Clearingworks.

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