PDS Sets Another Record for Monthly Volume Processed
- Payment Data Systems Continues to Grow its Processing
Portfolio -
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San Antonio, TX
Dec. 12, 2005 Payment Data Systems, Inc. (NASDAQ
OTCBB: PYDS) an integrated electronic payments solutions
provider, today announced that it continues to experience
growth in credit card transactions being processed.
With November completed, we can report, on an unaudited
basis, that the dollar value volume for that month will be
PDS' highest processing month to date, both in terms of
transactions and dollar value. In addition, November’s
numbers are 414% higher than transactions processed and 269%
higher than dollars processed in November 2004.
"We continue to see steady growth in our credit card
processing base and are encouraged about the prospects of
expanding our portfolio. We also look forward to seeing
positive results from our new debit card initiatives, such
as the Carmen Electra card, in the coming months.” said
Michael Long, CEO.
About Payment Data Systems, Inc.
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Payment Data Systems is an integrated payment solutions
provider to merchants and billers. We provide an
extensive set of tailored products to deliver
world-class payment acceptance, processing, and
risk/fraud management. Payment Data has solutions for
merchants, billers, banks, service bureaus and card
issuers. Whether you are in the market for card
issuance, payment acceptance or bill payment solutions
we have a solution for you. Payment Data is the owner
of the electronic bill payment portal, http://www.billx.com.
billx.com has the ability to transmit payments to
thousands of national billers.
Payment Data is also the exclusive license holder of
the rights to market the Carmen Electra gift and prepaid
cards. To receive updates on the Carmen Electra card
program sign-up at www.carmencard.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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