PAYMENT DATA SYSTEMS ANNOUNCES PROMOTION OF KEN KELLER TO CTO

 

 

  

San Antonio, TX January 7, 2008 Payment Data Systems, Inc. (OTC BB: PYDS) an integrated electronic payments solutions provider, today announced the promotion of long time employee Ken Keller to position of Vice President and Chief Technology Officer.

Ken, as the Chief Technology Officer, is responsible for setting the architectural and product strategies and plans for Payment Data Systems' merchant processing, bill payment and card issuing businesses. He also will ensure that product development, integration, and process organizations align technology capabilities with product direction.

Ken brings more than 17 years in the development and delivery of specialized high volume transaction based systems. Prior to joining Payment Data Systems in 2003, he served in a variety of key leadership and executive technical roles at Billserv, Inc.

While at Billserv, he led a number of system technology development efforts, including the original design of Billserv, Inc.'s enterprise EBPP data model, established connections to Business Partners such as CheckFree, oversaw the development and integration of the eBill warehouse, created and developed the Electronic Payment Gateway, and served, as he continues to serve today, as the General Manager of billx.com (PDS' consumer consolidated bill payment portal).

Prior to Billserv, Inc., Ken consulted in the telecommunications industry with companies such as US Long Distance, LCI International, Qwest Communications and Broadwing specializing in enterprise wide database development and implementation.

Ken earned a Bachelor of Business Administration in Information Technology from the University of Texas - San Antonio.
 

About Payment Data Systems, Inc.

Payment Data Systems, Inc. is an integrated provider of world class electronic payment solutions to merchants, billers, banks, service bureaus, and credit and stored-value card issuers. PDS specifically tailored solutions manage critical points along the full spectrum of the transactional chain, ranging from card issuance to payment acceptance to electronic bill payment.

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 holds the exclusive license to market the Natalie Gulbis Gift MasterCard (www.nataliemastercard.com).

Payment Data Systems Inc. (OTCBB: PYDS) is a registered ISO/MSP of MetaBank and a registered ISO/MSP and TPS/TPP of Merrick Bank Corp., South Jordan, UT.

Payment Data is a Level One PCI compliant Third Party Servicer.

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
 
  
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.