Payment Data Systems, Inc. (NASDAQ:PYDS)
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Payment Data Systems to Provide Debit Card Loading and Issuance
Services for Thalassa Financial Services' Nationwide Kiosk Rollout
SAN ANTONIO, June 14 /PRNewswire-FirstCall/ -- Payment Data Systems, Inc.
(OTC:PYDS) (BULLETIN BOARD: PYDS) an integrated electronic payments solutions
provider, announced today that it has signed a multi-year agreement in which
Thalassa will be an exclusive referrer of Payment Data Systems solutions into a
variety of highly adaptive industry segments and will utilize Payment Data's
services for their planned nationwide roll-out of 10,000 KIOSKS.
As part of the agreement, PDS will also have non-exclusive marketing and
distribution rights to the Debit Card Load Kiosk (DCL-K) that has been designed
and is being delivered by Thalassa. Seventy-five of these very sophisticated
and value-based units have already been scheduled for likely installation later
this year. Features of the Kiosk include a magnetic card reader, Las
Vegas-class currency acceptor, a touch screen LCD interface, remote web
monitoring and management, and customizable capabilities such as card
dispensing, and wireless communication.
"The Thalassa executive team, led by Mike Gibbons, President and CEO, is very
well positioned with relationships in the industry segments that we believe we
can assist the most and deliver the greatest value to the customer," said
Michael Long, Chairman and CEO. Long continued, "Examples of a few of these
industry segments include higher education, secondary education, staffing,
engineering, and manufacturing. I have had the opportunity to work with Mike
for some time now and I am impressed with the quality and realization of client
sources he has provided as well as his team's ability to understand PDS'
products and value propositions and then effectively communicate those products
and values to prospective clients. I am convinced this relationship will be a
long-term and mutually valuable one."
Mike Gibbons, Thalassa's President and CEO, stated that, "We clearly recognize
the comprehensive value proposition we can offer our customers by partnering
with Payment Data Systems. We look forward to working with the PDS team to
further accelerate their impressive growth. We've empirically proven that we
are able to engage customers more efficiently and establish a competitive
differentiation by providing a full spectrum of services including an easy,
reliable and secure system to dispense and reload debit cards."
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).
Additional products available from PDS include services and products that can
be implemented more quickly and less expensively than the alternative of adding
multiple payments companies as these solutions offer a full range of payment
processing capabilities. These service offerings include: one time and
recurring ACH debits and credits, electronic lockbox and returned check
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.
Payment Data is the owner of the electronic bill payment portal,
http://www.bills.com/ . Bills.com has the ability to transmit electronic
payments to thousands of national billers.
For additional information, visit http://www.paymentdata.com/ .
Contact: Michael Long, Investor Relations, Payment Data Systems, Inc.
210-249-4040.
About Thalassa Financial Services, Inc.
Thalassa Financial Services, offers a comprehensive suite of value added
turnkey financial solutions. Thalassa's fully integrated product offering
provides multi-functional stored value kiosks, stored value cards and payroll
debit cards to a broad variety of businesses and educational institutions.
Thalassa, a privately held company based in Houston, Texas, is a recognized
pioneer in developing and deploying Debit Card Loader Kiosks.
Contact: Mike Gibbons, President and CEO, Thalassa Financial Services, Inc.
832-567-2745.
FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters discussed
in this release include certain forward-looking statements, which are intended
to be covered by safe harbors. Those statements include, but may not be
limited to, all statements regarding our and management's intent, belief and
expectations, such as statements concerning our future and our operating and
growth strategy. Investors are cautioned that all forward- looking statements
involve risks and uncertainties including, without limitation, the factors
detailed from time to time in our filings with the Securities and Exchange
Commission. One or more of these factors have affected, and in the future
could affect, our businesses and financial results in the future and could
cause actual results to differ materially from plans and projections. We
believe that the assumptions underlying the forward- looking statements
included in this release will prove to be accurate. In light of the
significant uncertainties inherent in the forward-looking statements included
herein, the inclusion of such information should not be regarded as a
representation by us or any other person that our objectives and plans will be
achieved. All forward-looking statements made in this release are based on
information presently available to our management. We assume no obligation to
update any forward-looking statements, except as required by law.
DATASOURCE: Payment Data Systems, Inc.
CONTACT: Michael Long, Investor Relations of Payment Data Systems, Inc.,
+1-210-249-4040; or Mike Gibbons, President and CEO of Thalassa Financial
Services, Inc., +1-832-567-2745
Web site: http://www.paymentdata.com/
http://www.bills.com/