Payment Data Systems, Inc. Announces New Vice-Chairman of the Board
 
San Antonio, TX February 22, 2007 Payment Data Systems, Inc. (NASDAQ OTCBB: PYDS), an integrated electronic payments solutions provider, announced today that its Board of Directors has approved the promotion of Mr. Louis Hoch to the position of Vice-Chairman of the Board.

Michael Long, Chairman and Chief Executive Officer of Payment Data Systems, Inc. said, “This is clearly a well deserved recognition of Louis’ contribution to the development and continued growth of PDS. Louis has served our customers and our shareholders admirably and with distinction. He is a highly effective executive and we are pleased to have him functioning in this new capacity.”

In addition to his new role, Mr. Hoch will retain his current responsibilities and titles of President and Chief Operating Officer of PDS.
 

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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