Payment Data Systems Announces Transaction Processing Volumes for the Fourth Quarter
 

San Antonio, TX January 4, 2007 Payment Data Systems, Inc. (OTC BB: PYDS), an integrated electronic payments solutions provider, today announced the company’s transaction processing volumes on an unaudited basis for the last two months of 2006 and for the fourth quarter.

Our November credit card processing dollar volume increased 119% from the comparable month one year ago, while transaction volume in November grew 95% year-over-year. December experienced similar gains with dollars processed gaining 114% over the comparable month one year ago and transaction volume growing 85% over December 2005.

Volumes for the fourth quarter of 2006 outpaced those of the prior year quarter by 143% for dollars processed and 234% for transactions processed. In 2006, we processed 328% more in transactions and 143% more in dollar volume than we processed in 2005.

Michael Long, CEO of Payment Data Systems, stated, “I am pleased with the growth that we experienced in 2006. As we look into early 2007, with the projected addition of the insurance carrier processing volume, we should be processing transactions at new record levels for our company. It is also customary for me to do a recap of the previous fiscal year along with a look into the coming year. There is a great deal to be excited about as we look into 2007 and I expect we will communicate that review sometime next month.”
 

About Payment Data Systems, Inc.

Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments.

Payment Data is the owner of the electronic bill payment portal, http://www.billx.com, which has the ability to transmit payments to thousands of national billers.

Payment Data Systems Inc. (OTCBB: PYDS) is a registered ISO/MSP of MetaBank

Payment Data’s intellectual property includes U.S. Patent Number 7,021,530 that relates to bill payments made with debit and stored value cards.

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
Chairman and CEO
phone: 210-249-4040
 
  
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