|
July 2005 is a Banner Month and PDS Records the Highest
Volume in Monthly Transactions Processed in its History
|
|
Payment Data Systems Continues to Experience Significant
Growth -
|
San Antonio, TX
Aug 17, 2005 Payment Data Systems, Inc. (NASDAQ
OTCBB: PYDS) an integrated electronic payments solutions
provider, today announced that it continues to experience
growth month to month both in the total dollar value and
volume of transactions being processed.
With July completed, we can report, on an unaudited
basis, that both the transaction and dollar value volumes
for that activity month will be PDS' best processing month
to date. July’s numbers better June’s, our previous
highest month, and are over 1250% higher than transactions
processed and 950% higher than dollars processed in July
2004.
"We are very pleased to see the continuation of strong
periods of sustained growth in our business since we began
the significant ramping of revenues late last year.“ said
Michael Long, CEO. |
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.
|
Payment Data Systems, Inc.
Michael Long
Chairman and 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.
|
|
