Payment Data Systems, Inc. Posts Record Processing Month
 
San Antonio, TX April 06, 2007 Payment Data Systems, Inc. (NASDAQ OTCBB: PYDS), an integrated electronic payments solutions provider, today announced the company’s transaction processing performance for March continued a month- to-month growth trend in 2007.

On an unaudited basis, our credit card processing dollar volume increased 98% in March from the comparable month one year ago, while the associated transaction volume was 61% higher. Throughout 2007, Payment Data Systems has logged volume increases in every month and the dollar volume for March was our highest ever. For the first quarter of 2007, our dollar and transaction volumes grew 111% and 73%, respectively, from the comparable quarter of 2006.

"March’s volume is significant since we were able to replace and exceed the dollar processing volume that was lost previously in November when we stopped processing for a large customer. Furthermore, the growth demonstrated in March doesn’t include the volume from the large insurance client we signed in Q1. This client experienced a delay in their implementation but is positioned to start processing in Q2. March’s strong growth performance suggests that we could be setting new processing records for each month this year," said Payment Data Systems Chairman and CEO Michael Long.
 

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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