Payment Data Systems wins multi-year Central Bancard contract

Source: Payment Data Systems

Payment Data Systems, Inc. (OTC Bulletin Board: PYDS) an Integrated Payments Solution Provider, announced today that it has signed a multi-year agreement with Central Bancard, LLC to provide credit card authorization and settlement.

With this new capability, PDS will be in a position to create and capture significant new revenue opportunities from an extremely diverse cross section of billers that have wanted to do business with PDS, but until now have had to seek out other providers.

Louis Hoch, President and COO of Payment Data Systems stated, "We continue to enjoy an excellent relationship with our current processor and appreciate their attention to detail and strong customer service orientation. However, our business policy is to ensure that we provide alternative solutions where our prospective customers' circumstances dictate an alternative is the best solution. Central Bancard management brings to PDS years of experience in serving customers in the same quality way and the sensitivity to customers as that of our current processor. Since signing the agreement, we have boarded seven customers representing more than seven million dollars in annualized transactional value that otherwise would not be processing through us."

Henry Harp, Executive Vice President and one of the owners of Central Bancard, said, "We are very pleased that Payment Data Systems has selected Central Bancard as a strategic partner for their business needs. We look forward to working with the PDS team to bring creative solutions to prospective merchant clients."

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