CEO of Payment Data Systems Featured on HotStockChat.com


SAN ANTONIO, March 9 /PRNewswire-FirstCall/ -- Michael Long, Chief Executive Officer of Payment Data Systems, Inc. (OTC Bulletin Board: PYDS - News) was interviewed 5 March 2004 by Tom Allinder of HotStockChat.com. During the interview, Mr. Long answers a variety of questions regarding Payment Data Systems, Inc.'s business including their news release from March 5th, which detailed the fact that the Company has filed for patent protection from the U.S. Patent Office for the technology that will enable bill payment using a debit card. In expectation of this patent, Payment Data Systems has entered into a strategic relationship with Secure Cash Network, Inc. to provide the electronic payment industry's first bill payment debit card. Mr. Long also discusses Payment Data Systems' services and solutions, plans for growth, as well as Company goals. The interview can be accessed at http://www.hotstockchat.com .
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 InteractiveVoice Response (IVR).

Payment Data Systems' electronic payment processing solutions can be implemented more quickly and less expensively than alternative solutions because PDS allows for a full range of payment processing capabilities using a single, comprehensive storage retrieval system that allows for consolidated tracking and reporting of all payment types, regardless of source or channel. 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 to Customer Service Representatives for acceptance of credit cards and checks, Interactive Voice Response systems which completely automate the payment receiving process, and data warehousing that enable the storage and retrieval of all payment history from one location.

For additional information, visit www.paymentdata.com . Investor information can be found at: www.otcfn.com/pyds .

About HotStockChat.com

HotStockChat.com is a media and information site dealing with the OTCBB, Amex and Nasdaq stock markets. HotStockChat.com produces quality and timely audio content that is unique and offers market participants and investors a different look at the markets. Audio interviews are regularly conducted with company officials as well as individuals associated with the stock markets.

Contact:

For Payment Data Systems, Inc.:
Geoffrey Eiten, Investor Relations of OTC Financial Network,
Phone: 781-444-6100, ext. 613

For HotStockChat.com
Tom Allinder
Email: services@hotstockchat.com
Phone: 757-721-6136
http://www.hotstockchat.com




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Source: Payment Data Systems, Inc.
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