Payment Data Systems Experiences Best Processing Month of the Year
2010年12月13日 - 9:00PM
ビジネスワイヤ(英語)
Payment Data Systems, Inc. (OTCBB: PYDS), an integrated
electronic payments solutions provider today announced that, on an
unaudited basis, the month of October, we processed the highest
credit card dollar volume for any month this year. November
processing totals were also impressive. With the increased volume
that occurred in October and November, we are certain that the
totals for the fourth quarter will be the best of the year and will
represent a 15-20% increase over last quarter’s volumes.
We are excited to realize this growth during a time that the
U.S. economy is experiencing great challenges in terms of recession
and high unemployment. We believe our growth is attributable, in
large part, to the makeup of our client base which is predominately
large recurring billers like insurance companies and the fact that
we have fewer retail merchants in terms of volume. We also
attribute the increases to our continuing sales efforts including
those that are being generated by our value-added resellers.
Michael Long, Chairman and CEO of Payment Data Systems, said,
“In spite of the economic conditions that are affecting millions of
our citizens, our business continues to grow and remain vibrant. As
previously announced our transaction volume for the third quarter
was the highest volume we have experienced for any quarter for this
year. As we look into the remainder of the year and beyond we
remain very enthusiastic about our ability to grow all segments of
our businesses of merchant card processing, prepaid and corporate
incentive, and online bill pay.”
Long continued, “Due to this growth in transaction volume
coupled with our strong and continued commitment to control
SG&A expenses, we anticipate the fourth quarter of 2010 should
be our best quarter of 2010 for revenue and income generation from
operations. The merchant acquiring segment of PDS continues to
grow, and we are now processing payments for nearly 300 churches
and church organizations. Our prepaid card operation, FiCentive, is
continuing to earn new corporate clients for its printed on-demand
corporate card incentive programs and has implemented two general
purpose card programs recently, the Redpack Mi Promesa card program
and the Elite Life card program. We are excited about the revenue
opportunities that both of these programs create for Payment Data
Systems. The new programs and print on-demand feature are also
opening up new vertical markets for us.”
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
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.
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