US Dataworks, Inc. (US Dataworks), incorporated in December 1994, develops, markets and supports payment processing software for the financial services industry. The Company generates revenue from the licensing, system integration and maintenance of its core product, Clearingworks, and its component subsystems, ClearingworksACH, ClearingworksCHECK21, ClearingworksPAYMENTS and ClearingworksSECURE. Its software is designed to enable organizations to transition from traditional paper-based payment and billing processes to electronic payment solutions. US Dataworks' products include check processing, point-of-purchase transactions and turnkey automated clearing house (ACH) payments. The Company's products are designed to provide organizations with an in-house solution that will complement and enhance such organizations' existing technologies, systems and operational workflow. US Dataworks' customer base includes banking institutions, credit card issuers, retailers and two United States Government agencies. The Company has an alliance with Thomson Financial Publishing, a unit of Thomson Corporation, to incorporate its EPICWare database into US Dataworks' products. During the fiscal year ended March 31, 2005 (fiscal 2005), four of the Company's customers, the Federal Reserve Bank, Regulus Group, General Electric Corporation and Citibank, accounted for 34%, 19%, 12% and 12%, respectively, of its net revenue. Two of its strategic resellers, BancTec and Computer Sciences Corporation, accounted for an aggregate of 32% of US Dataworks' net revenue during fiscal 2005. Clearingworks is the Company's transaction processing platform that provides a fully automated, end-to-end solution for electronic payment processing. Clearingworks technology includes decision making functionality that determines best-fit clearing and least-cost routing of payments. Clearingworks incorporates US Dataworks' functionality in an configurable processing stream to give customers the scalability and flexibility needed to handle all of their payment transactions. ClearingworksACH Clearingworks is an integrated ACH payment management tool that handles all National Automated Clearing House Association (NACHA) Standard Entry Class codes. Clearingworks contains magnetic ink character recognition (MICR) parsing technology, which provides accuracy and consistency for check conversion. It supports both centralized and distributed payment models, and is integrated with third-party payment processing platforms, such as PEP+, Wausau Financial Systems, J&B Software and BancTec. ClearingworksCHECK21 As part of the Clearingworks transaction processing platform, ClearingworksCHECK21 functionality through technology delivers an end-to-end solution for converting paper checks to substitute checks for banks and other payment processors. Clearingworks smart routing capability allows images to be routed to only those institutions that are equipped to receive image exchange transmissions. It provides an infrastructure through which these electronic transmissions will be received, downloaded, printed and delivered to the paying bank. ClearingworksPAYMENTS ClearingworksPAYMENTS payments functionality enables problem solving in a traditional remittance environment. Clearingworks creates electronic cash letter deposits using ACH and Check 21 networks for a complete electronic solution. Express batching allows items to be processed independently from their physical capture batch, while a robust Web architecture allows payments to be keyed in and processed from anywhere at any time. ClearingworksSECURE Clearingworks addresses all aspects of the enterprise to ensure total protection. ClearingworksSECURE addresses issues, such as compliance, information assurance, privacy, business continuity, fraud and disaster recovery. The Company competes with E-Funds, Equifax, Wausau Financial Systems, J&B Software and Telecheck.

• Download SqueezeTrigger (TM) Report
• Download FrictionFactor Report
• Download Daily Short Volume Report
• Download Real-Time Short Volume Tool
• Download Failures to Deliver

• No BuyIns.Net Alerts Available for UDW