Payment Data Systems to Provide Debit Card Loading and Issuance Services for Thalassa Financial Services' Nationwide Kiosk Rollout SAN ANTONIO, June 14 /PRNewswire-FirstCall/ -- Payment Data Systems, Inc. (OTC:PYDS) (BULLETIN BOARD: PYDS) an integrated electronic payments solutions provider, announced today that it has signed a multi-year agreement in which Thalassa will be an exclusive referrer of Payment Data Systems solutions into a variety of highly adaptive industry segments and will utilize Payment Data's services for their planned nationwide roll-out of 10,000 KIOSKS. As part of the agreement, PDS will also have non-exclusive marketing and distribution rights to the Debit Card Load Kiosk (DCL-K) that has been designed and is being delivered by Thalassa. Seventy-five of these very sophisticated and value-based units have already been scheduled for likely installation later this year. Features of the Kiosk include a magnetic card reader, Las Vegas-class currency acceptor, a touch screen LCD interface, remote web monitoring and management, and customizable capabilities such as card dispensing, and wireless communication. "The Thalassa executive team, led by Mike Gibbons, President and CEO, is very well positioned with relationships in the industry segments that we believe we can assist the most and deliver the greatest value to the customer," said Michael Long, Chairman and CEO. Long continued, "Examples of a few of these industry segments include higher education, secondary education, staffing, engineering, and manufacturing. I have had the opportunity to work with Mike for some time now and I am impressed with the quality and realization of client sources he has provided as well as his team's ability to understand PDS' products and value propositions and then effectively communicate those products and values to prospective clients. I am convinced this relationship will be a long-term and mutually valuable one." Mike Gibbons, Thalassa's President and CEO, stated that, "We clearly recognize the comprehensive value proposition we can offer our customers by partnering with Payment Data Systems. We look forward to working with the PDS team to further accelerate their impressive growth. We've empirically proven that we are able to engage customers more efficiently and establish a competitive differentiation by providing a full spectrum of services including an easy, reliable and secure system to dispense and reload debit cards." 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). Additional products available from PDS include services and products that can be implemented more quickly and less expensively than the alternative of adding multiple payments companies as these solutions offer a full range of payment processing capabilities. These service offerings include: one time and recurring ACH debits and credits, electronic lockbox and returned check 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. Payment Data is the owner of the electronic bill payment portal, http://www.bills.com/ . Bills.com has the ability to transmit electronic payments to thousands of national billers. For additional information, visit http://www.paymentdata.com/ . Contact: Michael Long, Investor Relations, Payment Data Systems, Inc. 210-249-4040. About Thalassa Financial Services, Inc. Thalassa Financial Services, offers a comprehensive suite of value added turnkey financial solutions. Thalassa's fully integrated product offering provides multi-functional stored value kiosks, stored value cards and payroll debit cards to a broad variety of businesses and educational institutions. Thalassa, a privately held company based in Houston, Texas, is a recognized pioneer in developing and deploying Debit Card Loader Kiosks. Contact: Mike Gibbons, President and CEO, Thalassa Financial Services, Inc. 832-567-2745. 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 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. DATASOURCE: Payment Data Systems, Inc. CONTACT: Michael Long, Investor Relations of Payment Data Systems, Inc., +1-210-249-4040; or Mike Gibbons, President and CEO of Thalassa Financial Services, Inc., +1-832-567-2745 Web site: http://www.paymentdata.com/ http://www.bills.com/

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