US Dataworks, Inc. is a developer of payment processing software, serving banking institutions, credit card issuers, retailers, the Federal Reserve and the United States Government.
The Company generates revenue from a newly introduced transactional pricing model, the licensing, system integration and maintenance of its core products: MICRworks, Returnworks, Remitworks and Remitworks-Daemon for the financial services industry.
The software designed to enable organizations to transition from traditional paper-based payment and billing processes to electronic payment solutions. The Company's products include check processing, point-of-purchase transactions and turnkey Automated Clearing House (ACH) payments. ACH payments are electronic fund transfers among participating depository financial institutions, including the Federal Reserve and the Central Bank of the United States.
For the six months ended 9/30/04, revenues rose 5% to $1.5 million. Net loss fell 33% to $3.7 million. Results reflect an increase in revenues from software maintenance, offset by an increase in general and administrative costs and the inclusion of $1 million litigation settlement expense.
US Dataworks Inc
5301 Hollister Road, Suite 250
Houtson, TX 77040
Phone: (713) 934-3855
Fax: (713) 934-8127
Web Site: usdataworks.com |
