Update: Payment Data Systems (OTCBB: PYDS)

Payment Data Systems (OTCBB: PYDS)

 

Dear Members,

A few days back we saw Payment Data Systems put out THIS RELEASE (Payment Data Systems Announces Record Transaction Volumes for the Fourth Quarter and for the Fiscal Year) in which they shared the following:

 

FOURTH QUARTER RESULTS

The Company’s 4Q processing volumes were the highest in Company history, with increases of 118% over 3Q.

4Q ACH Returned Check Transactions increased 125% over 3Q (Yes, these are revenue generating transactions for PYDS – and not a negative).

4Q Credit Card Processing Volumes were the highest of any quarter in the prior two years.

This is Huge: “During the month of December we saw credit card dollars processed increase by 40% over November of 2011 and increased by 26% over same period in 2010.” (quote from press release cited above)

All 2011 Annual Processing Results:

ACH Processing Volumes were the highest in Company history. They were up 800% over 2010.

Credit Card Processing Volumes were the highest since 2009.

Credit Card Dollars Processed were up 38% over 2010.

PYDS’ Michael Long – The Company’s CEO – put it in perspective with this quote:

Michael Long, CEO, said, “The fourth quarter was a tremendous quarter for us. Our ACH processing volumes more than doubled the dramatic growth we experienced in the third quarter and December’s credit card processing was the best month in the history of the company. This growth has led to a dramatic, positive increase in revenues, gross profit, operating income and net income both for the fourth quarter and the year. We look forward to reporting record earnings for 2011.”

Long continued, “We were pleased to end the year as San Antonio, Texas’s top performing stock based upon the article written by David Hendricks, business columnist of the San Antonio Express News. Mr. Hendricks noted that, ‘The best San Antonio stock, technically, was Payment Data Systems Inc., which enjoyed a whopping gain of 340.91 percent . . . ‘”

Mr. Hendricks’s complete article is located HERE.

We see a significant upside to 2012.  More later today on PYDS.

Thank you!

John Pentony
Publisher, StockGuru.com

 

 

StockGuru’s Profile for Payment Data Systems

This is the condensed version – Full StockGuru Profile Found Here:
http://www.stockguru.com/about/pyds/

Payment Data Systems (OTCBB: PYDS)

A Look at the History of Payment Data Systems:

Payment Data Systems was formed in 2003 as a payment processor with a focus to deliver payment services to large merchants that have recurring billing.  Today, Payment Data Systems processes payments and delivers bill payments for some of the largest companies in the United States.  Payment Data Systems is a network independent level one payment processor holding the highest level of certifications from the card associations.

Payment Data processes payments has over 1,000 corporate clients including many churches, insurance, utilities, charities, apartment complexes, senior living facilities and eCommerce companies.

Payment Data securely processes multi-million dollars of payment transactions each month.  Payment Data has proprietary technology and systems that gives the company a competitive advantage in the marketplace.

 Payment Data considers itself to be a company that can provide a seamless and comprehensive set of products and services for virtually any payment opportunity with multiple entry points for services.

PYDS: A Leader in Mobile Payments

Payment Data System expects to become a leader in mobile payments through its development of the iRemotepay application for the iPhone, iTouch and iPad. 

 

Michael Long, CEO, said, “The fourth quarter was a tremendous quarter for us. Our ACH processing volumes more than doubled the dramatic growth we experienced in the third quarter and December’s credit card processing was the best month in the history of the company. This growth has led to a dramatic, positive increase in revenues, gross profit, operating income and net income both for the fourth quarter and the year. We look forward to reporting record earnings for 2011.” 

 

This is the condensed version – Full StockGuru Profile Found Here:
http://www.stockguru.com/about/pyds/

Contact Payment Data Systems (OTCBB: PYDS)

Payment Data Systems (OTCBB: PYDS)

 

 

 


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