US Dataworks Signs Contract With Bank of Oklahoma to Deliver Accounts Receivable Conversion Solution

US Dataworks, Inc., a leading developer of payment processing software, announced today that it has signed a contract with the Bank of Oklahoma, a subsidiary of BOK Financial Corporation, to provide its industry leading Clearingworks™ solution. Clearingworks will allow Bank of Oklahoma to offer Accounts Receivable Conversion (ARC) processing services to its lockbox customers, converting paper checks into electronic transactions at both their Tulsa and Oklahoma City operation sites.

US Dataworks will begin installing its Clearingworks platform in the second quarter 2006, enabling the Bank of Oklahoma to offer a full complement of conversion services, in addition to ARC, to its customer base.

US Dataworks’ Clearingworks solution incorporates industry-leading capabilities of MICR parsing, eligibility sorting and return processing. Fees for Clearingworks are charged through a simple, all inclusive per transaction price. Bank of Oklahoma awarded US Dataworks its contract over several vendors and other financial services providers.

“US Dataworks is very pleased to have been selected by the Bank of Oklahoma to deliver its Clearingworks platform,” said Charles Ramey, chairman and CEO of US Dataworks. “We believe that our Clearingworks platform, with its broad Electronification(SM) capabilities and unique pricing structure, offers companies an edge over other software offerings and we are gratified to see that companies are recognizing its advantages.”

“We are looking forward to offering top quality check conversion ARC services to our current and future lockbox clients as well as having the ability to offer enhanced Automated Clearing House (ACH) services beyond ARC,” said Scott Smith, vice president and manager of Product Management, Bank of Oklahoma.