PYDS Trade Alert – Great Industry Article on FoxBusiness.com

Payment Data Systems (OTCBB: PYDS)
Dear Members,

This is a great story on prepaid debit cards on FoxBusiness.com.  A PYDS shareholder sent me this link.  It is a great read.  Payment Data Systems is all over this as everyone that know the company fully understands.  With shares trading

Read it HERE!   

 

 This from the April 10th Shareholder Letter:

Financial Highlights: 

• 2011 revenues increased 84% to $4,813,257 from $2,618,864 in 2010.

• Gross profit for the year ended December 31, 2011 increased 187% to $1,719,366 from $599,262 for the year ended December 31, 2010.

• Current Assets increased 259% from $4,086,922 in FY 2011 from $1,138,786 in FY 2010.

• Cash and Cash Equivalents increased for FY 2011 to $3,678,688 or 276% from $978,699 in FY 2010.

• Net income for the year ended December 31, 2011 was $351,848 as compared to net loss of $464,168 for the year ended December 31, 2010. Excluding the effect of non-cash expenses associated with stock-based compensation of $348,768 and depreciation expenses of $3,722, net income for the year ended December 31, 2011 was $704,338.

• We experienced a 31% growth in the number of consumers using our bill payment offerings due to the addition of more card issuers offering the service to their cardholders.

• Also, the company has announced its ACH volume for the year was 800% higher in 2011 as compared to 2010.

• Payment Data Services has clearly entered into a period of income generation. The Company expects this to continue with solid organic growth in all segments of our business.

 

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)

 

 

 


PYDS Disclosure: StockGuru entered into an investor relations consulting and market awareness contract with Payment Data Systems (OTCBB: PYDS). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. StockGuru is not a registered investment adviser or a broker/dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to seven thousand five hundred dollars for coverage. In general, given the emerging nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. StockGuru – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.


 

 

 

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