Payment Data Systems Announces Transaction Processing Volumes for the Second Quarter of 2016
2016年7月30日 - 5:15AM
Payment Data Systems, Inc. (NASDAQ:PYDS), an integrated electronic
payments solutions provider, announced today transaction processing
volumes for the second quarter of 2016.
Processing Results
Second quarter 2016 credit card processing volumes were the
fourth highest in company history, with the number of transactions
processed up 4% over the second quarter of 2015. Credit card
dollars processed during the second quarter of 2016 decreased 4%
compared to the same time period in 2015.
Electronic check transaction (ACH) volumes during the second
quarter of 2016 were down 17% over the same time period in 2015.
Returned check transactions processed during second quarter of 2016
were down 31% compared to the second quarter of 2015 but were
somewhat offset by increasing adoption of the higher margin e-check
verification service.
Total dollars processed for the second quarter of 2016 exceeded
$683.4 million.
Management Commentary
“Our total transactions and dollars processed were down versus
the second quarter of last year due to lower activity within our
current customer base,” said Louis Hoch, President and
COO. “We are taking aggressive measures to remedy the lower
activity. One of those steps is to add more processing
capability. We believe that our recently announced expanded
ACH network capacity will both increase traffic from existing
merchants as well as help us to attract new clients to our
platform. This reinforces our commitment to execute on the
organic growth strategies that we previously announced — expanding
our ACH, credit card and prepaid card customer base. We
expect to release further announcements on our progress in our
growth areas in the near future.”
About Payment Data Systems, Inc.
Payment Data Systems, Inc. (NASDAQ:PYDS), 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
Systems, Inc. is headquartered in San Antonio, Texas, and has
offices in New York, New York; and Los Angeles,
California.
For additional information please
visit www.paymentdata.com. Websites: 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 Contacts:
Julie MacMedan
Elizabeth Brossy
Financial Profiles, Inc.
PYDS@finprofiles.com
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