This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Payment Data Systems CEO Expects Sales At The End Of 2014 To Double Sales Of 2013

SAN ANTONIO, June 10, 2014 (GLOBE NEWSWIRE) -- Payment Data Systems (OTCQB:PYDS), an integrated electronic payments solutions provider announced today that it has already exceeded the transactions volume processed in all of 2013 in the first five months of 2014.

May 2014's electronic check transaction volumes were up 18% and returned check transactions were up 1% as compared to April 2014.

Credit card processing volumes May 2014 were the second highest in the history of the company. Credit cards dollars processed during May 2014 were up 15% over the same time period in 2013. Credit cards transactions processed during May 2014 were up 61% over the same time period in 2013.

Total dollars processed for May 2014 exceeded $288,000,000.

Michael Long, CEO, said, "I am very pleased to announce that our high growth in transactions processed has already led us to exceed the volume of transactions we processed in all of 2013. The resulting financial metrics for the combined first two quarters of 2014 will also exceed the complete annual results of 2013.

The second quarter of 2013 financial results will be stronger than we reported in the first quarter and will result in our third quarter in a row of profits. We expect this year to lead to the company obtaining the financial benchmarks to allow for us to seek a listing on NYSE MKT.

Based upon our rapid growth and resulting financial metrics, I am currently projecting sales in 2014 to be more than double that of 2013."

About Payment Data Systems, Inc.

Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs