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Payment Data System's Successful
Qualification for the Microsoft® .NET
Connected Logo Opens Door To Future
Customers
- Qualification Leads to Contracting
of an Industry Leader - |
San Antonio, TX June 1, 2005 Payment Data Systems, Inc.
(NASDAQ OTCBB: PYDS) today announced that it has
successfully qualified for the Microsoft .NET Connected
Logo. The Microsoft .NET Connected logo is used to
identify applications, XML Web services, and hardware
devices that meet a set of technical specifications as
defined by the logo program criteria, and are licensed
pursuant to a valid Microsoft .NET Connected logo
license agreement with Microsoft.
In anticipation of achieving this qualification and
delivering high impact, state of the art solutions, PDS
has completed the contracting of a high profile industry
leader. The specific announcement will be forthcoming
within the next two weeks.
The Microsoft .NET web service for ACH, IPS ACH Gateway,
provides real-time feedback on eCheck acceptance and
verification and is integrated with all of Payment
Data's verification, fraud, risk and customer service
offerings.
Our enhanced Microsoft .NET web service Verification and
Risk tool is designed to perform extended fraud and risk
management by conducting commercially reasonable check
validations and buyer authentications. We are able to
verify the validity of a bank routing number and
consumer's bank account status. For more features,
please see
http://www.paymentdata.com/v2/IPSACHGateway.htm.
"We are very pleased by the recognition that comes with
this qualification and certification which will allow us
to enjoy the rights and privileges extended by Microsoft
for the .NET Connected Logo program. Furthermore, it has
already to led to new high profile prospects that desire
the latest in technology solutions and one of those
prospects has become an contracted customer." said Louis
Hoch, President & COO. Mr. Hoch added, "This latest step
of providing highly effective and technology driven
solutions in a demand driven marketplace continues to
distinguish us from competition."
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). 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, electronic lockbox and returned
check 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. Payment Data
is the owner of the electronic bill payment portal,
http://www.billx.com . billx.com has the ability to
transmit electronic payments to thousands of national
billers. For additional information, visit
www.paymentdata.com. Contact: Michael Long, Investor
Relations, Payment Data Systems, Inc. 210-249-4040.
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Payment Data Systems, Inc.
Michael Long
CEO
phone: 210-249-4040
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FORWARD-LOOKING STATEMENTS DISCLAIMER Except for the historical
information contained herein, the matters discussed in this release
include certain forward-looking statements, which are intended to be
covered by safe harbors. Those statements include, but may not be
limited to, all statements regarding our and management's intent,
belief and expectations, such as statements concerning our future and
our operating and growth strategy. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including,
without limitation, the factors detailed from time to time in our
filings with the Securities and Exchange Commission. One or more of
these factors have affected, and in the future could affect, our
businesses and financial results in the future and could cause actual
results to differ materially from plans and projections. We believe
that the assumptions underlying the forward-looking statements
included in this release will prove to be accurate. In light of the
significant uncertainties inherent in the forward-looking statements
included herein, the inclusion of such information should not be
regarded as a representation by us or any other person that our
objectives and plans will be achieved. All forward-looking statements
made in this release are based on information presently available to
our management. We assume no obligation to update any forward-looking
statements, except as required by law.
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