Payment Data Systems Announces Record Transaction Growth for November 2013
2013年12月13日 - 9:30PM
Payment Data Systems (OTCBB:PYDS), an integrated electronic
payments solutions provider announced today that it is experiencing
high growth in transactions processed.
November 2013's electronic check transaction volumes were up 17%
and returned check transactions were also up 17% as compared to
October 2013.
Total dollars processed for November set a new record for the
company exceeding $146,000,000 and breaking the previous record
that was achieved in October 2013.
As of yesterday, the company's transaction totals have continued
the trend of high growth. With still more than two weeks of the
fourth quarter of 2013 remaining, the quarter's electronic check
transaction volumes were already up 497% and returned check
transactions were up 2,334% as compared to third quarter of
2013.
Michael Long, CEO, said, "The fourth quarter of 2013 will be our
best of the year resulting in dramatic, positive influences to all
our financial metrics for the quarter. The significant
transaction growth we are experiencing should allow us to record
our highest revenue for any quarter of 2013. We are excited
about our newly acquired customers and believe the increase in
transactions should continue for the foreseeable future and will
carry into 2014."
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.
CONTACT: Michael Long
Investor Relations
210.249.4040
ir@paymentdata.com
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