Source: Payment Data Systems
Payment Data Systems, Inc. (OTCBB:PYDS - News), an integrated electronic payments solutions provider, today announced that it has renamed its wholly-owned subsidiary Billx, Inc. to Zbill, Inc. and moved the corporation to Nevada.
In the next few weeks we will be rolling out the new brand and website for the newly renamed division. The subsidiary will remain solely focused on delivering industry leading bill payment processing for consumers, card processors, card issuers, and financial institutions.
Michael Long, Payment Data's CEO said, "We have been experiencing increased sales activity in our bill payment processing business line. We attribute it to the increase in sales due to the fact that the industry understands that the new owners of our Patent for bill payments associated with stored value cards is going to be enforced. We are well positioned since we hold perpetual word-wide license. We expect to be announcing news about new sales in the month."