|
San Antonio, TX
Jun 06, 2005 Payment Data Systems, Inc.
(NASDAQ OTCBB: PYDS) today announced the signing of
an agreement with Next Estate Communications, Inc.
to provide payment services for debit card loading
and risk management.
The PDS solution will provide payment origination
for debit card loading that can come directly from a
Next Estate Customer Service Representative or a
Next Estate website. Next Estate implemented Payment
Data's
IPS ACH*Gateway which is a Microsoft ®
.NET Connected webservice. The gateway will be used
to debit consumers checking and/or savings account
when loading funds on their Next Estate debit Card
for worldwide usage. Next Estate also chose to
utilize Payment Data's IPS CSR*View product for
tracking and reporting as well as customer research
in their in-house call center.
President and COO of Payment Data Systems, Inc.
Louis Hoch, said, "We are very pleased to bring this
pioneering solution to the prepaid financial
products and services segment and deliver it through
this partnership with
Next Estate, the clear industry leader. This
agreement is further proof of how well our solutions
are adaptive to the stored value / debit card
industry which remains a strategic focus of our
company."
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. 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. 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 for Investor Relations
information at 210.249.4040 or email at ir@paymentdata.com
|
|
|
|
Payment Data Systems, Inc.
Michael Long
CEO
phone: 210-249-4040
|
|
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.
|
|
