Payment Data Systems Featured on The MacReport.net


SAN ANTONIO, April 2 /PRNewswire-FirstCall/ -- Payment Data Systems, Inc. (OTC Bulletin Board: PYDS - News) an integrated electronic payments solutions provider, announced today that it has been featured on the MacReport.net, an online information and media company that provides a Web-based forum for public and private issuers to communicate with the business, financial and investing community.

President and COO of Payment Data Systems, Inc. Louis Hoch, said, "As we move toward our commercialization phase, management is committed to providing accurate and timely information to its valued shareholders over the long term. We believe that participation in the popular MacReport.net investment community provides a unique opportunity for the investment public to research and stay abreast of significant developments at PYDS."

The MacReport.net profile features a concise business summary on the Company and an online interview with CEO/Chairman Michael Long, as well as detailed stock information. The MacReport.net Payment Data Systems profile can be viewed at: www.macreport.net/featured/PYDS/company.asp

About The MacReport.Net

The MacReport.Net is an information and media company that provides a Web- based forum for public and private issuers to communicate corporate audio and video news content to the business, financial and investing community through its Web site, located at http://www.macreport.net . The MacReport.Net also plans to provide creative and production services to develop visual events ranging from live coverage of merger announcements to public relations campaigns to new product introductions.
 

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 www.otcfn.com/pyds .

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 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.

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.

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.
 

Contact:

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

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Source: Payment Data Systems, Inc.
 

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