CORRECTING and REPLACING -- Payment Data Systems Announces Record Transaction Processing Results for the Fourth Quarter and Y...
2016年1月20日 - 1:26AM
In a release issued under the same headline earlier today by
Payment Data Systems, Inc. (NASDAQ:PYDS), please note that in the
section “Fourth Quarter 2015 Processing Results,” the total dollars
processed for the fourth quarter of 2015 exceeded $833.0 million,
not $833.0 billion as previously stated. The corrected release
follows:
Payment Data Systems (NASDAQ:PYDS), an integrated
payment solutions provider, today announced transaction processing
results for the fourth quarter and year ended December 31,
2015.
CEO Commentary
“In 2015, we posted another record year across all key operating
metrics, and for the first time exceeded the $3 billion mark for
total dollars processed,” said Michael Long, CEO. “We were
pleased with our fourth quarter metrics and the rapid adoption of
our new verification service that significantly reduced return
check rates for our customers. This service is a win-win for
our customers and for us, improving quality for merchants and
providing a solid revenue stream for Payment Data
Systems.”
Long added, “We expect to report record revenue for 2015.
Looking ahead, our growth plans call for continued and aggressive
expansion of our core payments business by securing new clients,
and expanding our high growth prepaid and incentive card business,
which includes our recently introduced Akimbo prepaid card
products, by developing new offerings.”
Fourth Quarter 2015 Processing Results
Total dollars processed for the fourth quarter of 2015 exceeded
$833.0 million, consistent with the same period a year ago. ACH
(eCheck) transaction processing volumes for the fourth quarter were
down 1% compared to the fourth quarter of 2014, reflecting the
October 2015 introduction of a new eCheck verification service that
helps merchants prevent returns before processing and reduces
fraud. The introduction of this service reduced return
processing by 22% compared to the same period last year, however,
revenue from the new verification service significantly exceeded
the lost revenue from return eCheck processing fees. Credit card
processing volumes for the fourth quarter of 2015 set a new record,
with credit cards dollars processed up 6% and credit cards
transactions processed up 5% compared with the fourth quarter of
2014.
Record 2015 Annual Processing Results
Total dollars processed for 2015 set a new record, exceeding
$3.3 billion, and increased 18% compared to 2014. ACH transaction
processing volumes for 2015 also set a record and increased 13%
compared to 2014. Credit card processing volumes for 2015
were the highest in company history, with credit card dollars
processed up 9% and credit card transactions processed up 3%
compared to 2014.
About Payment Data Systems, Inc.
Payment Data Systems, a leading integrated payment solutions
provider, offers a wide range of payment solutions to merchants,
billers, banks, service bureaus, and card issuers. The Company
operates credit, debit/prepaid and ACH payment processing platforms
to deliver convenient, world-class payment solutions and service to
their clients. The strength of the Company lies in its ability to
provide tailored solutions for card issuance, payment acceptance,
and bill payments as well as its unique technology in the prepaid
sector. Payment Data is headquartered in San Antonio,
Texas, and has offices in New York, New York; Long Beach,
California; and San Francisco, California. For additional
information please visit www.paymentdata.com.
Websites: www.paymentdata.com, www.ficentive.com, www.zbill.com,
www.streamprepaid.com, www.akimbocard.com. Find us on
Facebook®
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 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.
Investor Contact:
Julie MacMedan
Elizabeth Brossy
Financial Profiles
PYDS@finprofiles.com
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