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Through the integration of the PDS ACH platform to the Plug'n Pay gateway, PDS' services are fully available through the Plug'n Pay gateway with no additional integration involved. The e-Check transaction reporting is integrated into the industry leading Plug'n Pay reporting so there is only one reporting interface that the merchant accesses for both check and credit card sales information.
"Plug'n Pay is very happy to add Payment Data's ACH services to our integrated eCheck product," said Randy Ridings, VP of Sales for Plug'n Pay. "We recognize that ACH eCheck payments are growing in popularity and working with our long time partner Payment Data will give our customers additional payment options."
"We are delighted to be partnering with such an innovative payment solutions provider as Plug'n Pay," said Michael Long, Chairman and CEO of Payment Data Systems, Inc. "PDS and Plug'n Pay share a vision to provide comprehensive, secure and convenient payment solutions to Internet merchants through industry leading technology," Long added. "The PDS ACH platform allows merchants to accept electronic checks through their e-Commerce websites with the added capability of converting paper checks into electronic transaction items. We are looking forward to working closely with Plug'n Pay to provide these services."
About Payment Data Systems, Inc.
Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments.
For additional information, visit www.paymentdata.com. Contact Michael Long for Investor Relations information at 210-249-4040 or email at ir@paymentdata.com.
Website: http://www.paymentdata.com
About Plug'n Pay Technologies, Inc.
Plug'n Pay, founded in 1996, is a leading provider of payment and digital fulfillment solutions for Internet merchants. Plug'n Pay's payment systems allow merchants to accept and manage both credit card and electronic check payments in a secure environment. Plug'n Pay's industry leading digital fulfillment systems allow merchants to offer digital goods for real-time fulfillment and to manage and maintain online membership and recurring billing services. Plug'n Pay is integrated with the most complete selection of the payment industry's processing centers which allows them to provide their on-line payment solutions to any and all customers. Plug'n Pay's services can be located through its web site, www.plugnpay.com, or through its reseller partners.
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.
SOURCE: Payment Data Systems, Inc.
Plug'n Pay Technologies, Inc. Randy Ridings, 800-945-2538, x104 VP Sales rridings@plugnpay.com or Investor Relations: Payment Data Systems, Inc. Michael Long, 210-249-4040 ir@paymentdata.com
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