Payment Data Systems, Inc. is an integrated payment solutions provider to merchants and others. The company provides an extensive set of products to deliver world-class payment acceptance. It delivers solutions to merchants, banks, card issuers and service bureaus.
The company announced today that, on an unaudited basis, in the month of October it processed the highest credit card dollar volume for any month this year. November processing totals were also impressive. With the increased volume that occurred in October and November, Payment Data Systems is certain that the totals for the fourth quarter will be the best of the year and represent a 15-20% increase over last quarter’s volume.
Payment Data Systems (PDS) is excited to realize this sort of growth during a time when the US economy is struggling with recession and high unemployment. The company believes its growth is attributable to the makeup of its client base, which is predominantly large recurring billers such as insurance companies and a relatively low amount of retail merchants.
Payment Data Systems’ chairman and CEO, Michael Long, spoke about his company’s future growth potential. He said, “The merchant acquiring segment of PDS continues to grow, and we are now processing payments for nearly 300 churches and church organizations. Our prepaid card operation, FiCentive, is continuing to earn new corporate clients for its printed on-demand corporate card incentive programs and has implemented two general purpose card programs recently, the Elite Life card program and the Redpack Mi Promesa card program. We are excited about the revenue opportunities that both of these programs create for Payment Data Systems.”
For more information about Payment Data Systems, please visit its website at www.paymentdata.com
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