Payment Data Systems Adds Two New Strategic Partners
November 26 2018 - 4:00PM
Payment Data Systems (NASDAQ: PYDS), an integrated electronic
payments solutions provider, announced today the addition of two
new strategic partners; Pivotal Partners and Pilgrim Consulting.
These partnerships represent exciting new distribution channels to
further expand Payment Data Systems’ penetration of targeted
verticals, especially in healthcare and other strategic verticals.
Vaden Landers, EVP and Chief Revenue Officer at Payment Data
Systems, said of the two new partnerships, “We are very pleased
that these professional service organizations - both leaders in
their field - have chosen our ‘PayFac-in-a-Box’ platform as the
payments enablement solution that best meets the needs of their
respective clients. The numerous software developer customers and
merchant communities served by these new partner organizations can
now count on our simple, easy-to-use integration and onboarding to
quickly and effectively enjoy the benefits of a state-of-the-art
payments technology.”
Pivotal Partners provides advisory and consulting services
across the healthcare, product distribution and business services
industries. Founder Brent Hendrickson and his team have extensive
experience in the healthcare sector. Commenting on the announcement
Hendrickson said, “Payment Data Systems’ payment facilitation
technology affords unsurpassed benefits to our hospital system,
clinic, revenue cycle management and software developer clients and
their merchant customers.”
Landers added, “The Pivotal team are highly-respected and
sought-after leaders who are looked upon as trusted advisors in the
healthcare community. We are very pleased they recognize that our
PayFac-in-a-Box platform is another tool they can use to help
healthcare organizations meet the mounting issues of patient
financial responsibility. This is an ideal partnership.”
Pilgrim Consulting is a professional software development firm
serving the developer community in a variety of consultative
manners. Landers remarked, “Because of its versatility, Pilgrim is
able to come alongside a technology provider and either take on an
entire project or simply assist in some strategic capacity. They
recognized that our expansive API library was an ideal solution to
the challenge of integrating payments functionality into their
software implementations. For Payment Data Systems, the partnership
with Pilgrim opens the door to a variety of large, fast-growing new
verticals where we do not specifically focus today.”
Landers concluded, “Working with strategic partners like Pivotal
and Pilgrim enables us to further expand our reach and accelerate
our penetration of key market verticals. These companies provide
their Integrated Software Vendor (ISV) clients a way to simply and
easily monetize the stream of payments flowing through their
systems. Most notably they believe our ability to offer a single,
click-of-a-button onboarding and activation technology will lead to
widespread adoption of their payment solution.”
About Payment Data Systems, Inc.
Payment Data Systems, Inc. (NASDAQ: PYDS), a leading integrated
payment solutions provider, offers a wide range of payment
solutions to merchants, billers, banks, service bureaus, and card
issuers. The Company operates credit, debit/prepaid, and ACH
payment processing platforms to deliver convenient, world-class
payment solutions and services to their clients. The strength of
the Company lies in its ability to provide tailored solutions for
card issuance, payment acceptance, and bill payments as well as its
unique technology in the prepaid sector. Payment Data Systems is
headquartered in San Antonio, Texas, and has offices in Franklin,
Tennessee, just outside of Nashville.
Websites: www.paymentdata.com, www.singularpayments.com,
www.payfacinabox.com, www.akimbocard.com, and www.ficentive.com.
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Forward-Looking Statements Disclaimer
Except for the historical information contained herein, the
matters discussed in this release include forward-looking
statements which are covered by safe harbors. Those statements
include, but may not be limited to, all statements regarding
management's intent, belief and expectations, such as statements
concerning our future and our operating and growth strategy. These
forward-looking statements are identified by the use of words such
as "believe," "intend," "look forward," "anticipate," "schedule,"
and "expect" among others. Forward-looking statements in this press
release are subject to certain risks and uncertainties inherent in
the Company's business that could cause actual results to vary,
including such risks related to the realization of the anticipated
opportunities from the Singular acquisition, the management of the
Company's growth, the loss of key resellers, the relationships with
the Automated Clearinghouse network, bank sponsors, third-party
card processing providers and merchants, the security of our
software, hardware and information, the volatility of our stock
price, the need to obtain additional financing, risks associated
with new tax legislation, and compliance with complex federal,
state and local laws and regulations, and other risks detailed from
time to time in the Company's filings with the Securities and
Exchange Commission including its annual report on Form 10-K for
the fiscal year ended December 31, 2017. 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.
ContactInvestor Relations:Joe
HassettGregory FCAjoeh@gregoryfca.com484-686-6600
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