eGistics and US Dataworks Announce Strategic Alliance for Integrated Distributed Capture and Archive Services

DALLAS--(BUSINESS WIRE)--eGistics, Inc. and US Dataworks, Inc. (Amex: UDW) today announced a strategic alliance to help billers and retailers streamline the management of remotely captured images and data. The companies, capitalizing on their respective world-class capabilities, are providing distributed capture users with a hosted archive solution that improves staff and customer access to images and data and speeds exceptions processing.

“By creating an integrated distributed capture and archive solution, and enabling secure processes for retrieving transaction images and data via broadband connection, eGistics and US Dataworks will help enterprises maximize their payments assets in this changing market.”

“eGistics is excited to team with US Dataworks to deliver a unique value to distributed capture users,” said Ed Pearce, executive vice president of sales and corporate development for eGistics. “This integrated hosted solution enables billers and retailers to have the power to better understand and track their cash position, strengthen transaction exceptions processing, and offer an enhanced customer experience by providing authorized users with access to images and data, whenever and wherever they need them, via Web connection.”

“The shift we’re seeing in the banking industry from in-person branch deposits to digital distributed processes is as significant as the move to electronic transactions by billers and retailers,” said Terry Stepanik, president, US Dataworks. “By creating an integrated distributed capture and archive solution, and enabling secure processes for retrieving transaction images and data via broadband connection, eGistics and US Dataworks will help enterprises maximize their payments assets in this changing market.”

US Dataworks’ flagship solution, Clearingworks, overcomes the challenges of the traditional check clearing process by reducing the number of times a check is handled and enabling the depositor to have more control over the entire check-clearing process. At the point-of-sale, Clearingworks gives merchants the flexibility to take checks in lane and convert them to ACH, substitute checks or image exchange items. Checks can be either scanned at the cash register and converted to an electronic transaction immediately (“Point of Purchase” or POP processing) or consolidated throughout the day and converted in a nightly batch process in the back office (“Back Office Conversion”).

Under the agreement announced today, the SAS 70-compliant eGistics solution provides for the hosted long-term archive of images and data for US Dataworks clients. US Dataworks transmits client check and payment images and related business data to eGistics for indexing, archive and retrieval. Authorized personnel of US Dataworks client organizations have the ability to access same-day payments data and images via secure broadband connections; eGistics is providing a tailored, private-labeled Web interface for image review and research.

The alliance with US Dataworks is part of eGistics’ broader strategy to build on its archive market leadership as banks and billers migrate to electronic payments capture and clearing.

About US Dataworks, Inc.

US Dataworks is a developer of payment processing solutions, focused on the financial services market, federal, state and local governments, billers, and retailers. Software developed by US Dataworks is designed to enable organizations to transition from traditional paper-based payment and billing processes to electronic solutions that automate end-to-end processes for accepting and clearing checks. To learn more, visit www.usdataworks.com.

About eGistics, Inc.

eGistics pioneered the use of hosted image and data archive, management and delivery services in the financial services marketplace, delivering scalable platform services normally associated with software in a service environment (“SAS”). Today, its Infinite Digital Architecture (IDA) archives billions of images and supports mission-critical payments applications for the world’s leading financial services companies. Through its hosted business model, eGistics has consistently delivered significant business benefits for payments applications such as retail and wholesale receivables processing, check processing/Check 21, medical payments processing (EOBs) and records management, and loan processing and management. For more information, visit www.egisticsinc.com or call 214-256-4600.

“eGistics” and variations of the name are the property of eGistics, Inc., and are protected pursuant to an application filed with the United States Patent and Trademark Office.