Payment Data Systems Profiled in OTC Financial Network Report
March 08 2004 - 5:30AM
PR Newswire (US)
Payment Data Systems Profiled in OTC Financial Network Report SAN
ANTONIO, March 8 /PRNewswire-FirstCall/ -- Payment Data Systems,
Inc. (BULLETIN BOARD: PYDS) , an integrated electronic payments
solutions provider, announced today that OTC Financial Network, a
division of National Financial Communications Corp., has issued an
InvestorFacts report on the Company. The report includes a profile
of the Company's superior electronic payment processing solutions,
proprietary technology, as well as marketing and distribution
strategies, future growth strategies and investment considerations.
Interested parties can view the report online at
http://www.otcfn.com/pyds/report.html or call 781-444-6100 ext. 613
for reprints. Geoffrey Eiten, president ofNational Financial
Communications Corp., said, "Rapid technological developments in
recent years are giving rise to tremendous changes in the way
company's conduct business around the world. Retailers and other
billers are now able to conduct business faster than ever, and
their ability to compete in the marketplace is often dictated by
the capability of processing payments more efficiently than
competitors." Eiten continued, "Payment Data Systems delivers
industry-first, unparalleled technology, and then partners with
leading companies that have already forged extensive distribution
and marketing arrangements. The Company is poised to capture rapid
market leadership as it gains first entry into previously
underserved, yet growing, segments of the burgeoning industry and
then secures additional strategic partnerships." Payment Data
Systems recently announced that it has filed for a patent from the
U.S. Patent Office for an industry-first technology that will
enable bill payment using a bank account or cash funded debit card.
In expectation of this patent, the Company has entered into a
strategic relationship with Secure Cash Network, Inc., a consumer
products and financial services company that specializes in
stored-value Debit/ATM productsfor 'unbanked' consumers, to provide
the electronic payment industry's first bill payment debit card.
About OTC Financial Network OTC Financial Network, a division of
National Financial Communications Corp. (http://www.nationalfc.com/
) based in Needham, Massachusetts, is a full- service financial
communications and investor relations firm that specializes in
micro-cap companies. The Company's proactive campaigns are custom
designed to strengthen each client's presence in the investment
community by disseminating breaking news and fundamental positions
to spheres of influence; building upon the client's existing
shareholder base; and soliciting institutional coverage. For more
information, visit http://www.otcfn.com/ . About Payment Data
Systems, Inc. Payment Data Systems, Inc., is an Integrated Payments
Solution Provider delivering comprehensive, cost-effective
solutions to billers and retailers for the processing and
management of electronic payments via the Internet, point of sale,
or payments taken by Customer Service Representatives or an
Interactive Voice Response (IVR). Payment Data Systems' electronic
payment processing solutions can be implemented more quickly and
less expensively than alternative solutions because PDS allows for
a full range of payment processing capabilities using a single,
comprehensive storage retrieval system that allows for consolidated
tracking and reporting of all payment types, regardless of source
or channel. These service offerings include: one timeand recurring
ACH debits and credits, ACH lockbox and RCK services, Web pay
acceptance of credit cards and checks, telephone pay to Customer
Service Representatives for acceptance of credit cards and checks,
Interactive Voice Response systems which completely automate the
payment receiving process, and data warehousing that enable the
storage and retrieval of all payment history from one location. For
additional information, visit http://www.paymentdata.com/ .
Investor information can be found at: http://www.otcfn.com/pyds .
Contact: Geoffrey Eiten, OTC Financial Network, (781) 444-6100 x613
or . Safe Harbor Statement: This press release contains
forward-looking statements that involve a number of risks and
uncertainties. Important factors that could cause actual results to
differ materially from those indicated by such forward-looking
statements include, but are not limited to, economic conditions
affecting retailers; continuing success introducing new products;
the Company's ability to finance its planned expansion efforts; and
changes in regulations affecting the Company's core business. We do
not intend to update any of the forward-looking statements after
the date of this document to conform these statements to actual
results or tochanges in our expectations, except as required by
law. Disclaimer: OTC Financial Network, a division of National
Financial Communications Corp., is not a registered broker/dealer
and may not sell, offer to sell or offer to buy any security. OTC
Financial Network profiles are not a solicitation or recommendation
to buy, sell or hold securities. An offer to buy or sell can be
made only with accompanying disclosure documents from the company
offering or selling securities and only in the states and provinces
for which they are approved. Information or opinions in this
release and the company's profile are presented solely for
informative purposes, and are not intended nor should they be
construed, as investment advice. Full disclaimer informationcan be
found at: http://www.otcfn.com/pyds . DATASOURCE: Payment Data
Systems, Inc. CONTACT: Geoffrey Eiten of OTC Financial Network,
+1-781-444-6100, ext. 613, or , for Payment Data Systems, Inc. Web
site: http://www.paymentdata.com/
http://www.otcfn.com/pyds/report.html http://www.nationalfc.com/
http://www.otcfn.com/ http://www.otcfn.com/pyds
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