Payment Data Systems, Inc. Announces Credit Card Gateway Services for Billers And Merchants
 

SAN ANTONIO, Nov. 3 /PRNewswire-FirstCall/ -- Payment Data Systems, Inc. (OTC Bulletin Board: PYDS - News) today announced it is providing immediate availability of their credit card gateway service for all billers and merchants.

The gateway service allows a biller or merchant to securely connect through Payment Data Systems, Inc. to all credit card processors without having to create and manage direct connections to them individually.

Specifically, the option allows a biller or merchant to process a credit card directly from any computer that is connected to the Internet or directly from their e-commerce site and provides the ultimate in flexibility and efficiency of processing and cost control. Additional enhanced services as part of the Gateway offering include the availability of fraud protection and risk management tools. Included with every gateway is a virtual terminal, HTML connect, API connect, auto generation of web pay buttons, order management system, customized email delivery for both the customer and the merchant and a free shopping cart.

President and COO of Payment Data Systems, Inc. Louis Hoch, said, "We are clearly enthusiastic about the deployment of our credit card gateway and how well it is positioned to compete against Infospace's Authorize.net gateway and Verisign's payment gateway. Our credit card gateway strategically and operationally fits with our ACH (eCheck) gateway to provide cost effective, highly secure, and easy to use integrated payment solutions that merchants will appreciate for eCommerce sites and for Billers to integrate into their EBPP and EIPP systems."

Larry Morrison, vice president of Business Development for PDS said, "Our new Gateway offering is the next addition to our current product suite and will allow us to develop a completely new business segment. The gateway solution is an ideal fit for the Billers/Merchants who have high volume credit card transaction traffic and are looking for flexibility and cost management. Additionally the gateway offers these organizations world-class tools such as: security administration, risk and fraud control, transaction and order administration database, and e-mail management."

Additional products available from PDS include services and products that can be implemented more quickly and less expensively than the alternative of adding multiple payments companies as these solutions offer a full range of payment processing capabilities. These service offerings include: one time and recurring ACH debits and credits, ACH lockbox and RCK services, Web pay acceptance of credit cards and checks, Telephone pay acceptance of credit cards and checks, Interactive Voice Response systems which totally automate the payment receiving process, and data warehousing that enable you to store and retrieve all of your payment history from one location.

These are all managed within a single comprehensive storage and retrieval system thereby providing the customer consolidated tracking and reporting of all payment types regardless of source or channel.

About Payment Data Systems, Inc.

Payment Data Systems, Inc., is an Integrated Payments Solution Provider delivering comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response (IVR). For additional information, visit www.paymentdata.com or call 210.249.4100 or ir@paymentdata.com .

With the exception of historical information contained in this release, this release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.