Source: Payment Data Systems
Payment Data Systems, Inc. (OTC BB:PYDS.OB), an integrated electronic payments solutions provider, announced today that it has signed a multi-year agreement with CSC24Seven.Com Ltd. to provide ATM card issuance services for the U.S. markets.
The product and product family will be known in the United States by the brand, PaySpark, USA.
This agreement is projected to generate over $1,000,000 in revenue over the term of the three-year agreement. The card program is scheduled to implement in early June and the revenue earned for the current quarter is expected to exceed $70,000.
The cards will be predominately marketed via the Internet at the PaySpark, USA website and those of PaySpark, USA merchants.
Louis Hoch, Payment Data's president and COO, said, "We are very pleased to be able to partner with such a significant and successful company as CSC24Seven.Com as they begin their entry into the United States market. We believe this initial product will be the cornerstone of many innovations to come and this has been proven by their success in Europe."