US Dataworks Awarded Contract To Provide The Bankers Bank With Image Clearinghouse Solution
January 19 2010 - 8:00AM
PR Newswire (US)
HOUSTON, Jan. 19 /PRNewswire-FirstCall/ -- US Dataworks, Inc.
(AMEX:UDW), a leading provider of Enterprise Payments solutions to
financial institutions, billers and government entities, today
announced that The Bankers Bank, with headquarters in Oklahoma
City, OK, has selected the Clearingworks® platform to drive the
image check clearing network for its over 275 community bank and
other correspondent bank clients. With Clearingworks, The Bankers
Bank will be able to reduce check clearing fees, enhance service to
its members and clients, and improve funds availability. As part of
today's announcement, The Bankers Bank plans to offer its image
clearing service to other bankers' banks as part of a strategic
initiative. "We have a history of providing innovative solutions to
correspondent banks operating in other parts of the country," said
Mark Keeling, Executive Vice President and COO of The Bankers Bank.
"We see the Clearingworks-powered Image Exchange network as another
way we can expand our value-priced service offerings to our
colleague bankers' banks serving the thousands of community banks
across America." "Clearingworks will help The Bankers Bank provide
the highest quality of correspondent services to community banks,
as well as allow The Bankers Bank to help other correspondent banks
serve their own customers," said Mario Villarreal, president and
COO of US Dataworks. "The flexibility of Clearingworks also will
position The Bankers Bank for future volume growth and new
services." A key benefit of Clearingworks is the ability for The
Bankers Bank to meet tighter processing windows, by accelerating
the processing of image cash letters. Based on initial testing,
check image processing that once took up to eight hours to complete
can now be finished in less than 45 minutes with Clearingworks.
And, since Clearingworks is designed to handle a full range of
deposit volumes and types of transactions, The Bankers Bank's use
of Clearingworks will streamline the handling of automated clearing
house (ACH) deposits, lockbox deposits and remote-captured
deposits. About US Dataworks, Inc. US Dataworks is a developer of
payment processing solutions, focused on the financial services
market, federal, state and local governments, corporate billers,
and retailers. Software developed by US Dataworks is designed to
provide organizations with a payments solution that automates
end-to-end processes for accepting and processing payments.
Additional information about US Dataworks is available at
http://www.usdataworks.com/. About The Bankers Bank The Bankers
Bank serves the needs of banks only. Because its holding company is
owned by nearly 100 community banks, The Bankers Bank's offers the
finest correspondent banking products and services tailored
especially to the interests of community banks, at reasonable
prices, and with the responsive, individualized customer service
that we know they deserve. CONTACTS: Charles Ramey, CEO Donald C.
Weinberger US Dataworks, Inc. Wolfe Axelrod Weinberger Assoc. LLC
Tel. (281) 504-8100 Tel. (212) 370-4500 Fax (212) 370-4505
DATASOURCE: US Dataworks, Inc. CONTACT: Charles Ramey, CEO, US
Dataworks, Inc., +1-281-504-8100; or Donald C. Weinberger, Wolfe
Axelrod Weinberger Assoc. LLC, +1-212-370-4500, or Fax,
+1-212-370-4505 Web Site: http://www.usdataworks.com/
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