Among the offerings are US Dataworks' Clearingworks, a comprehensive, fully-automated solution enabling the end-to-end processing of checks through the Automated Clearing House (ACH) as well as image exchange/substitute check processing (Check21), and US Dataworks' recently released Distributive Capture functionality, which allows remote and real-time access to retrieve payment data regularly from an unlimited number of remote locations.

This alliance is the third in a series of its kind for US Dataworks. The company has entered into similar alliances with two other large financial institutions. Through their alliances with US Dataworks, these financial institutions are able to offer billers and retailers payment processing solutions that enable them to covert paper checks into electronic transactions.

"Our customers are looking for innovative solutions to check payment processing," said Homa Alviri, Vice President, Commercial Product Management and Development, Union Bank. "Union Bank is pleased to join forces with US Dataworks to compliment our current customer offerings with the best and most advanced check processing solutions."

"We are honored to have our state-of-the-art check processing solutions added to Union Bank's already impressive portfolio of services," said Charles Ramey, Chairman and CEO, US Dataworks. "Our alliance with Union Bank is further evidence that US Dataworks is creating a niche for itself with astute financial service firms that are positioned to offer their clients premium payment processing solutions."

Recent changes in the National Automated Clearing House (NACHA) rules coupled with the passage into law of Check-21 now make it possible for banks, retailers and billers to electronically process paper checks and other forms of payments. The transition to electronic processing is expected to create greater efficiencies and immediate cost savings for the retail and remittance industries.