Payment Data Systems Retains OTC Financial Network for Comprehensive Investor Relations Campaign


SAN ANTONIO, Feb. 10 /PRNewswire-FirstCall/ -- Payment Data Systems, Inc. (OTC Bulletin Board: PYDS - News) an emerging leader in integrated electronic payment solutions, announced today that it has retained OTC Financial Network, a division of National Financial Communications Corp., to implement a comprehensive investor relations program.

Geoffrey Eiten, president of National Financial Communications said, "Recent changes in legislation passed by the U. S. Congress as well as e-payment regulatory bodies such as NACHA are expected to change the face of check and credit card/debit card processing in the United States. Payment Data Systems, a proprietor of integrated electronic payment solutions, is in a unique position to secure a foothold in what should become a burgeoning industry."

Eiten continued, "On the heels of its recently announced strategic partnerships with leaders in the sales and marketing of electronic payments to retail merchants and billers, Payment Data is poised to rapidly grow its customer base, while continuing to develop and deliver its integrated electronic payment processing platform."

Michael Long, Chairman and CEO of Payment Data Systems, Inc. said, "We are pleased to have OTC Financial Network manage our Investor Relations program. Billserv/Payment Data has experienced a number of significant changes since our beginnings in 1998 and it is important that our shareholders be re-acquainted with their company and where it is headed. An equally important aspect of this outreach is to regain the enthusiasm and support of the new company from our very loyal shareholder base."

About OTC Financial Network

OTC Financial Network, a division of National Financial Communications Corp. (www.nationalfc.com) based in Needham, Massachusetts, is a full-service financial communications and investor relations firm that specializes in micro-cap companies. The Company's proactive campaigns are custom designed to strengthen each client's presence in the investment community by disseminating breaking news and fundamental positions to spheres of influence; building upon the client's existing shareholder base; and soliciting institutional coverage. For more information, visit: http://www.otcfn.com/pyds .

OTC Financial Network serves as special advisor to Payment Data Systems and has received fees for services including a monthly retainer of $5,000, paid for in shares of the Company's common stock. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice.

About Payment Data Systems, Inc.

Payment Data Systems, Inc., is an Integrated Payments Solution Provider that delivers 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 www.otcfn.com/pyds ; call: 210.249.4100; email : ir@paymentdata.com .

Safe Harbor:

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.




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Source: Payment Data Systems, Inc.