Payment Data Systems Announces Record Transaction Growth for January 2014
2014年2月6日 - 9:30PM
Payment Data Systems (OTCBB:PYDS), an integrated electronic
payments solutions provider announced today that it is continuing
to experience high growth in transactions processed.
January 2014's electronic check transaction volumes were up 41%
and returned check transactions were up 6% as compared to December
2013.
Total dollars processed for January 2014 set a new record for
the company exceeding $190,000,000 and breaking the previous record
that was achieved in December 2013.
Credit card processing volumes January 2014 were the second
highest in the history of the company. Credit cards dollars
processed during January 2014 were up 17% over the same time period
in 2013. Credit cards transactions processed during January 2014
were up 52% over the same time period in 2013.
Michael Long, CEO, said, "We are excited about the early results
for the first quarter of 2014. If the growth trends continue,
which we believe they should, the first quarter will result in
positive influences in cash flow, revenues, gross profits and net
income. We continue to be excited about our newly acquired
customers and believe the increase in transactions should continue
for the foreseeable future. 2014 should be an exciting year
for our company."
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 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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