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Payment Data Systems (OTCBB: PYDS)
Dear Members,

Payment Data Systems Announces “Debit Only” Payment Product Offering

Payment Data Systems(OTCBB:PYDS.OB - News), an integrated electronic payments solutions provider announced today the availability of a “Debit Only” card payment method product.

This product is particularly oriented to organizations that do not want their customers to incur debt as a result of their payment but still want to offer the processing security and convenience of a card.

This capability is available through all our payment acceptancechannels including Customer Service Representatives, IVR, our program interface technology (API), our gateway services, and our soon to be released iPhone^®application iRemotePay^™.

Michael Long, PDS CEO, said, “Many churches believe that creating debt in order to tithe or contribute to the church for other needs such as building programs go against the teachings of their faith. Heretofore, the congregation members could only make these contributions by check or cash. Now with this payment product, the church member can use their bank card association’s brandedcheck card as a method of payment or use our ACH payment processing rather than the inconvenience and insecurity of cash.”

Long continued, “Any of our current churches that are enrolled today as ACH only will be candidates for this offering as are any other churches that have completely avoided on-line giving as they previously had no real solution until now.”

Each customer or church expressing interest in the product needs to get permission from the card associations to offer the specialized debit only payment method.

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.

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, www.ficentive.com, www.zbill.com

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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.

Thank you!

John Pentony
Publisher, StockGuru.com

 

 

StockGuru’s Profile for Payment Data Systems

This is the condensed version – Full StockGuru Profile Found Here:
http://www.stockguru.com/about/pyds/

Payment Data Systems (OTCBB: PYDS)

A Look at the History of Payment Data Systems:

Payment Data Systems was formed in 2003 as a payment processor with a focus to deliver payment services to large merchants that have recurring billing.  Today, Payment Data Systems processes payments and delivers bill payments for some of the largest companies in the United States.  Payment Data Systems is a network independent level one payment processor holding the highest level of certifications from the card associations.

Payment Data processes payments has over 1,000 corporate clients including many churches, insurance, utilities, charities, apartment complexes, senior living facilities and eCommerce companies.

Payment Data securely processes multi-million dollars of payment transactions each month.  Payment Data has proprietary technology and systems that gives the company a competitive advantage in the marketplace.

 Payment Data considers itself to be a company that can provide a seamless and comprehensive set of products and services for virtually any payment opportunity with multiple entry points for services.

PYDS: A Leader in Mobile Payments

Payment Data System expects to become a leader in mobile payments through its development of the iRemotepay application for the iPhone, iTouch and iPad. 

 

Michael Long, CEO, said, “The fourth quarter was a tremendous quarter for us. Our ACH processing volumes more than doubled the dramatic growth we experienced in the third quarter and December’s credit card processing was the best month in the history of the company. This growth has led to a dramatic, positive increase in revenues, gross profit, operating income and net income both for the fourth quarter and the year. We look forward to reporting record earnings for 2011.” 

 

This is the condensed version – Full StockGuru Profile Found Here:
http://www.stockguru.com/about/pyds/

Contact Payment Data Systems (OTCBB: PYDS)

Payment Data Systems (OTCBB: PYDS)

 

 

 

PYDS Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Payment Data Systems (OTCBB: PYDS). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to seven thousand five hundred dollars for coverage. In general, given the emerging nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

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