Payment Data Systems Announces Record Transaction Processing Results for the First Quarter of 2018
2018年5月2日 - 9:15PM
Payment Data Systems (NASDAQ:PYDS), an integrated electronic
payment solutions provider, today announced record transaction
processing results for the first quarter of 2018.
First Quarter 2018 Processing Results
- Total dollars processed during the first quarter increased 305%
over the same period in 2017.
- Credit card transactions processed during the first quarter of
2018 were up 307% over the same period in 2017.
- Credit card dollars processed during the first quarter of 2018
were up 5% over the fourth quarter of 2017.
- Credit card transactions processed during the first quarter of
2018 were up 6% over the fourth quarter of 2017.
- Total dollars processed for the first quarter of 2018 exceeded
$782.9 million.
“We are thrilled to report that we have achieved the highest
quarterly levels of credit and debit card processing volumes since
our Company’s inception. We not only grew year over year, but
sequentially as well,” said Louis Hoch, President and CEO.
Electronic check transaction volumes during the first quarter of
2018 were up 5% over the fourth quarter of 2017, representing the
third consecutive quarter of growth. Returned check transactions
processed during first quarter of 2018 were up 6% as compared to
the fourth quarter of 2017. Electronic check transaction volumes
during the first quarter of 2018 were down 2% versus the same time
period in 2017. Returned check transactions processed during the
first quarter of 2018 were down 2% versus the same time period in
2017.
“Our Electronic check transaction processing grew for the third
consecutive quarter, demonstrating a trend we have been keenly
focused on achieving. Our record transaction processing volumes
further validate our growth strategy and approach relating to the
seamless integration of our robust payment solutions across
developer platforms in core verticals such as healthcare, property
management, government/utilities and other bill pay verticals,” Mr.
Hoch continued, “We believe that our company is exceptionally well
positioned with no debt and clean capital structure. Our mandate is
to continue delivering leading edge technology and customizable
solutions, growing our customer base on a consistent and continual
basis and we are committed to executing on these growth divers to
achieve our goals.”
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 is
headquartered in San Antonio, Texas, and has offices in New York,
New York; Long Beach, California; St. Augustine, Florida and
Nashville, Tennessee. Websites: www.paymentdata.com,
www.singularpayments.com, www.payfacinabox.com, www.akimbocard.com,
and www.ficentive.com. Find us on Facebook®.
Forward-Looking Statements Disclaimer
Except for the historical information contained herein,
the matters discussed in this release include forward-looking
statements which are covered by safe harbors. Those statements
include, but may not be limited to, all statements regarding
management's intent, belief and expectations, such as statements
concerning our future and our operating and growth strategy. These
forward-looking statements are identified by the use of words such
as "believe," "intend," "look forward," "anticipate," "schedule",
and "expect" among others. Forward-looking statements in this press
release are subject to certain risks and uncertainties inherent in
the Company's business that could cause actual results to vary,
including such risks related to the realization of the anticipated
opportunities from the Singular acquisition, the management of the
Company's growth, the loss of key resellers, the relationships with
the Automated Clearinghouse network, bank sponsors, third-party
card processing providers and merchants, the security of our
software, hardware and information, the volatility of our stock
price, the need to obtain additional financing, risks associated
with new tax legislation, and compliance with complex federal,
state and local laws and regulations, and other risks detailed from
time to time in the Company's filings with the Securities and
Exchange Commission including its annual report on Form 10-K for
the fiscal year ended December 31, 2016. 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:
CORE IR
John Marco
Managing Director
+1-516-222-2560
www.coreir.com
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