Payment Data Systems Profiled in OTC Financial Network Report

Payment Data Systems Profiled in OTC Financial Network Report 


SAN ANTONIO, March 8  /PRNewswire-FirstCall/ -- Payment Data Systems, Inc. 
(BULLETIN BOARD: PYDS) , an integrated electronic payments solutions provider,
announced today that OTC Financial Network, a division of National Financial
Communications Corp., has issued an InvestorFacts report on the Company.  The
report includes a profile of the Company's superior electronic payment
processing solutions, proprietary technology, as well as marketing and
distribution strategies, future growth strategies and investment considerations.
 Interested parties can view the report online at
http://www.otcfn.com/pyds/report.html or call 781-444-6100 ext. 613 for
reprints.

Geoffrey Eiten, president ofNational Financial Communications Corp., said,
"Rapid technological developments in recent years are giving rise to tremendous
changes in the way company's conduct business around the world. Retailers and
other billers are now able to conduct business faster than ever, and their
ability to compete in the marketplace is often dictated by the capability of
processing payments more efficiently than competitors."

Eiten continued, "Payment Data Systems delivers industry-first, unparalleled
technology, and then partners with leading companies that have already forged
extensive distribution and marketing arrangements.  The Company is poised to
capture rapid market leadership as it gains first entry into previously
underserved, yet growing, segments of the burgeoning industry and then secures
additional strategic partnerships."

Payment Data Systems recently announced that it has filed for a patent from the
U.S. Patent Office for an industry-first technology that will enable bill
payment using a bank account or cash funded debit card.  In expectation of this
patent, the Company has entered into a strategic relationship with Secure Cash
Network, Inc., a consumer products and financial services company that
specializes in stored-value Debit/ATM productsfor 'unbanked' consumers, to
provide the electronic payment industry's first bill payment debit card.

About OTC Financial Network

OTC Financial Network, a division of National Financial Communications Corp.
(http://www.nationalfc.com/ ) based in Needham, Massachusetts, is a full-
service financial communications and investor relations firm that specializes in
micro-cap companies.  The Company's proactive campaigns are custom designed to
strengthen each client's presence in the investment community by disseminating
breaking news and fundamental positions to spheres of influence; building upon
the client's existing shareholder base; and soliciting institutional coverage. 
For more information, visit http://www.otcfn.com/ .

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).

Payment Data Systems' electronic payment processing solutions can be implemented
more quickly and less expensively than alternative solutions because PDS allows
for a full range of payment processing capabilities using a single,
comprehensive storage retrieval system that allows for consolidated tracking and
reporting of all payment types, regardless of source or channel. These service
offerings include: one timeand recurring ACH debits and credits, ACH lockbox
and RCK 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.

For additional information, visit http://www.paymentdata.com/ .  Investor
information can be found at: http://www.otcfn.com/pyds .

Contact: Geoffrey Eiten, OTC Financial Network, [phone] x613 or  .

Safe Harbor Statement:  This press release contains forward-looking statements
that involve a number of risks and uncertainties.  Important factors that could
cause actual results to differ materially from those indicated by such
forward-looking statements include, but are not limited to, economic conditions
affecting retailers; continuing success introducing new products; the Company's
ability to finance its planned expansion efforts; and changes in regulations
affecting the Company's core business.  We do not intend to update any of the
forward-looking statements after the date of this document to conform these
statements to actual results or tochanges in our expectations, except as
required by law.

Disclaimer: OTC Financial Network, a division of National Financial
Communications Corp., is not a registered broker/dealer and may not sell, offer
to sell or offer to buy any security.  OTC Financial Network profiles are not a
solicitation or recommendation to buy, sell or hold securities.  An offer to buy
or sell can be made only with accompanying disclosure documents from the company
offering or selling securities and only in the states and provinces for which
they are approved.  Information or opinions in this release and the company's
profile are presented solely for informative purposes, and are not intended nor
should they be construed, as investment advice. Full disclaimer informationcan
be found at: http://www.otcfn.com/pyds . 

DATASOURCE: Payment Data Systems, Inc.



CONTACT:  Geoffrey Eiten of OTC Financial Network, [phone],

ext. 613, or  , for Payment Data Systems, Inc.



Web site:  http://www.paymentdata.com/

http://www.otcfn.com/pyds/report.html

http://www.nationalfc.com/

http://www.otcfn.com/

http://www.otcfn.com/pyds 

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