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Payment Data Systems
Projects Record 2nd Quarter Revenue
- PDS Continues On Path Of Sustained Record Growth -
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San Antonio, TX
Jul 25, 2005 In review of the transaction volumes
processed during the second quarter of 2005, we are able
to project that we will show a continuation of record
reported revenue for the quarter ended June 30, 2005. In
addition, both the credit card transaction and dollar
value volumes for June will show as our highest processing
month to date.
Commenting on the increase in processing volume,
Michael R. Long, Chairman and Chief Executive Officer of
Payment Data Systems, said, "We are pleased to report that
our credit card transaction and dollar volume growth for
the second quarter of 2005 is trending upwards of 26% for
transactions and up 29% in dollar volume above the first
quarter of 2005. Also, our customer base continues to grow
in numbers as well as relative size per account. We have
grown to over 80 customers today."
Long added, "Revenue generated by our merchant
customers continues to contribute significantly to our
overall numbers. However, we are monitoring a shift in our
business and it is possible that higher margin
stored-value cards could overtake that number within the
next year. Of course, both product lines remain strategic
in their value proposition to our customers and in our
revenue development."
Long continued, "Perhaps one of the more satisfying
aspects of our business is that our larger and more
complex customers are seeing the value and depth of our
solutions and are adding on additional services from PDS." |
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.
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Payment Data Systems, Inc.
Michael Long
Chairman and 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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