Payment Data Systems Has Best Month since 2007

 

 

San Antonio, TX March 12, 2009 Payment Data Systems, Inc. (OTCBB: PYDS - News), an integrated electronic payments solutions provider today announced that February was our third best merchant processing month in our history for dollars processed. When compared to prior periods, we gained 10% compared to last month and gained 7% over February 2008.

Regarding transactions processed, February increased 3% over January and increased by 30% when compared to February 2008.

Louis Hoch, PDS’ President and COO said, "Needless to say, we are excited about the momentum created in February especially since it had fewer days in the month. We are on track to have our second highest quarter in the history of the company in terms of processing dollars. We haven’t experienced a better month in the last 17 months of our acquiring business."

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 and a registered ISO/MSP and TPS/TPP of Merrick Bank Corp., South Jordan, UT. 
 
Payment Data’s intellectual property includes a perpetual license of U.S. Patent Number 7,021,530 that relates to bill payments made with debit and stored value cards.
 
Payment Data holds the exclusive license to market the Natalie Gulbis Gift MasterCard (www.nataliegulbismastercard.com.
 
For additional information, visit www.paymentdata.com. Contact Michael Long for Investor Relations information at 210.249.4040 or email at ir@paymentdata.com.
 
Website: http://www.paymentdata.com


Payment Data Systems, Inc.
Michael Long
Chairman and CEO
phone: 210-249-4040
 
  
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