Payment Data Systems Announces Record Transaction Growth for the Fourth Quarter of 2013
2014年1月14日 - 9:30PM
Payment Data Systems (OTCQB:PYDS), an integrated electronic
payments solutions provider announced today that each payment
processing business unit achieved all-time records for transactions
processing in the fourth quarter of 2013.
Credit card processing volumes fourth quarter of 2013 were the
highest in the history of the company. Credit cards dollars
processed during fourth quarter of 2013 were up 20% over the same
time period in 2012. Credit cards transactions processed during
fourth quarter of 2013 were up 54% over the same time period in
2012.
The fourth quarters of 2013's electronic check transaction
volumes were up 690% and returned check transactions were up 2934%
as compared to third quarter of 2013. This growth was driven from
the addition of new customers.
Total dollars processed for the fourth quarter of 2013 set a new
record for the company exceeding $525,000,000 and breaking the
previous record that was achieved in third quarter of 2013 of
$70,000.000.
Michael Long, CEO, said, "The fourth quarter was tremendous for
us. Our ACH processing volumes and credit card processing volumes
both set all-time records. The growth was driven primarily from the
addition of new customers and partially from an increase charitable
giving from our existing church and other charity related clients.
This growth has led to a dramatic, positive increase in revenues,
gross profit and operating income for the quarter. We expect this
trend to continue for the foreseeable future due to the addition of
new clients."
Our annual earnings for 2013 are anticipated being released in
our 10K annual report on or about March 31, 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,
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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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