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US Dataworks allies with Online Resources

20 June 2006  |  1946 views  |  0 Source: US Dataworks

US Dataworks, Inc. (Amex: UDW), a leading developer of payment processing solutions, announced that it has formed a strategic alliance with Online Resources Corporation (Nasdaq: ORCC), a leading provider of financial technology services to more than 800 financial institutions, card issuers and billers.

The agreement calls for Online Resources to incorporate into their payments gateway US Dataworks' innovative and proprietary technology, Clearingworks, a comprehensive solution for Automated Clearing House (ACH) payment processing.

"After reviewing all possible software solutions on the market, we are pleased to have selected Clearingworks from US Dataworks to enhance our payments gateway with ACH processing capabilities to further meet the growing needs of our clients," stated Daniel M. Thomas, senior vice president of eCommerce Solutions for Online Resources.

"We are pleased with this newly established alliance which offers our Clearingworks solution and is uniquely suited for financial services providers like Online Resources," said Charles Ramey, Chairman and CEO of US Dataworks. "We believe that this alliance will only enhance future growth for US Dataworks. In addition, we think this partnership will open further opportunities for our company in the marketplace given the visibility Online Resources has to offer."

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