Sugar Land, TX (PRWEB) December 11, 2013
US Dataworks, Inc.(UDWK), a leader in payment processing solutions, is pleased to extend our Clearingworks® platform to BOK Financial, the parent company to seven banking divisions: Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas, and Colorado State Bank and Trust. BOK Financial will be using the Clearingworks platform in combination with the Revo Payments EBPP solution to provide consolidated electronic bill/invoice presentment and payment to their business customers.
The new product offering is expected to be launched by BOK Financial in early 2014 and will provide a simple solution to the growing need for electronic billing and payments. BOK Financial is currently using the Clearingworks platform as part of their traditional Lockbox solution for retail bill payments. Extending this service to include both electronic and paper payments is a bold strategic move by BOK Financial and one that will provide a significant advantage in the markets they serve.
Additionally, US Dataworks, through its partnership with Revo Payments, is offering electronic bill presentment as a bank service to simplify the entire receivables process for businesses. The complete solution offers a unique industry-specific user interface which makes it simple to implement EBPP for a wide variety of businesses. Packaging it with other treasury management services takes the the pain and risk out of electronic bill presentment.
About US Dataworks
US Dataworks is a leading innovator in payment processing technology. Our Clearingworks platform is a highly-scalable, open and cloud-optimized payment-processing platform, capable of handling all forms of payments. The NextGen ReceivablesTM Solution is built on the Clearingworks platform and simplifies remittance processing by automating electronic and paper invoice presentment and payment. The Clearingworks platform is trusted to process billions of dollars in payments each day for utilities, content providers, business process outsourcers, financial institutions and government agencies. Additional information about US Dataworks is available at http://www.usdataworks.com.
About BOK Financial
BOK Financial Corporation (BOKF) is a $27 billion regional financial services company based in Tulsa, Oklahoma. The company's stock is publicly traded on NASDAQ under the Global Select market listings (symbol: BOKF). BOK Financial's holdings include BOKF, NA, BOSC, Inc, Cavanal Hill Investment Management and the Milestone Group, Inc. BOKF, NA operates the TransFund electronic funds network and seven banking divisions: Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas, and Colorado State Bank and Trust. BOKF, NA has full-service banks located in eight states. BOSC, Inc., the broker/dealer subsidiary, provides brokerage services in 10 states. Additional information can be found at http://www.bokf.com
About Revo Payments
Revo Payments builds industry-focused ePayments software. Revo pioneered the concept of industry-focused payment hubs as a “bank service”. With our software banks can better attract and retain customers in key vertical markets, including property management, non-profits, schools, utilities, and business invoicing (Electronic Bill Presentment). The Revo solution integrates with the US Dataworks platform to deliver a fully integrated platform for the bank and its customers. For more information visit http://www.revopayments.com.
Certain statements made in this press release (other than the historical information contained herein) constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements regarding our expectations concerning our Clearingworks platform . Any forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to, the failure of our new solution to perform as anticipated, our ability to provide long-term customer value and agility, our ability to protect our intellectual property, our position in the marketplace, our ability to develop and timely introduce products that address market demand, the impact of alternative technological advances and competitive products, market fluctuations, our ability to repay or refinance our debt, our ability to realize the anticipated benefits from our business initiatives and other risks some of which were detailed in our Annual Report on Form 10-K for the year ended March 31, 2012 filed with the SEC on July 13, 2012, which risk disclosures speaks only as of such filing date. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.
Source: US Dataworks Inc