Last $0.07 USD
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Volume 36.5K
As of 10:44 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

us dataworks inc (UDWK) Snapshot

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us dataworks inc (UDWK) Details

US Dataworks, Inc. develops, markets, and supports payment processing software for on-premise and on-demand cloud-computing service customers. The company’s principal product includes Clearingworks, an on-demand payment processing service consisting of ClearPayments, an integrated multi-channel payment platform; ClearDeposits that converts the incoming payment into working capital by consolidating deposits; ClearReturns, which automates returns matching and processing; and ClearInsights that provides reporting capabilities to assist in tracking payment status and in producing detailed analytic information. It also provides software licensing, as well as maintenance, enhancement, professional, and support services; and resells other third party software in connection with its software. The company serves financial institutions, as well as credit card companies, government institutions, banker’s banks; and high-volume merchants in the United States. US Dataworks, Inc. has a strategic partnership with The Bankers Bank of Oklahoma; and a strategic alliance with Burroughs Inc. The company was formerly known as Sonicport, Inc. and changed its name to US Dataworks, Inc. in March 2002. US Dataworks, Inc. was founded in 1994 and is based in Sugar Land, Texas.

us dataworks inc (UDWK) Top Compensated Officers

Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $181.1K
Compensation as of Fiscal Year 2012.

us dataworks inc (UDWK) Key Developments

US Dataworks, Inc. Appoints John Penrod as CEO and Chairman of the Board

US Dataworks Inc. announced the appointment of John Penrod as its new CEO and Chairman of the Board. The company's Board of Directors believes that John's proven experience in leading enterprise-class businesses is essential in continuing US Dataworks growth and sustained profitability.

US Dataworks Inc. Announces Management Changes

US Dataworks Inc. announced the passing of its long-time Chairman and CEO, Charles E. Ramey, who died on March 16, 2014 after suffering a severe heart attack from which he was unable to recover. The company also announced that its board of directors has appointed John Penrod as its interim Chief Executive Officer. Mr. Penrod will continue in his role as the company's VP of Operations in addition to his new CEO duties. Joseph Saporito, an outside director of the company, will take over the Chairman role with the board seat left vacant by Mr. Ramey's death to remain unfilled for the time being.

US Dataworks, Inc. Introduces the Next Step in Modernizing Treasury Management

US Dataworks Inc. announced the next step in providing a real-time receivables/payables solution. NextGen Receivables makes it simple for banks and business process outsource providers to fundamentally modernize their existing treasury management and lockbox solutions. Many banks continue to operate on outdated batch-oriented legacy systems that simply cannot keep up with the growing demands of today's business community. NextGen Receivables extends the portfolio of product offerings banks provide to their business customers, resulting in enhanced receivables automation, information reporting and business analytics. The newest version of NextGen Receivables includes these key enhancements: Ease of onboarding for all paper and electronic remittances; Single sign-on with existing treasury management systems to simplify the customer experience; Financial Dashboards for delivering actionable information and trends, exception resolution, and uploading/downloading files. And since the NextGen Receivables is a suite of apps built on the Clearingworks payments platform, banks can continue to extend functionality to quickly meet market demands. This should give forward-thinking banks a true competitive advantage over aging legacy systems that were designed as point solutions.


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