Last $0.06 USD
Change Today 0.00 / 0.00%
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As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

us dataworks inc (UDWK) Snapshot

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03/17/14 - $0.10
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11/25/14 - $0.03
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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.

34 Employees
Last Reported Date: 07/13/12
Founded in 1994

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us dataworks inc (UDWK) Key Developments

US Dataworks Inc. Shakes Up Receivables Processing by Integrating with Coinbase to Accept Bitcoin Payments

US Dataworks, Inc. announced the ability to accept bitcoin payments into its Integrated Receivables Platform. Through a partnership with Coinbase, US Dataworks clients can now accept bitcoin payments as part of a standard receivables processing workflow. Accepting bitcoin payments as part of the Clearingworks solution offers key benefits: Simplify cross-border payments; Reduce interchange fees; Eliminate chargebacks and reduce online fraud; Eliminate payment re-association for accounts receivable posting;and Demonstrate the power of the Integrated Receivables Platform. In addition, payments received in bitcoin are immediately converted to U.S. dollars via Coinbase, further simplifying any currency risk or need for hedging. With 1.7 million users and 37,000 merchants in 19 countries, Coinbase is the most popular bitcoin wallet and the easiest way to securely buy, use and accept bitcoin.

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.


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