Payment Data Systems’ Best-in-Class Payments Technology Expands With the Addition of New Electronic Health Records (EHR) an...
May 07 2019 - 9:00AM
Payment Data Systems (NASDAQ: PYDS), a tech-enabled payment
solutions provider, announced today that it had finalized a
partnership agreement with Sigmund Software, and has integrated
Payment Data’s technology in its industry-leading Electronic Health
Records (EHR) platform. Sigmund represents continued expansion and
penetration of the targeted healthcare and behavioral sciences
verticals.
Vaden Landers, EVP and Chief Revenue Officer at
Payment Data Systems, said, “We are pleased that Sigmund has chosen
to integrate our best-in-class payments technology into their
comprehensive mobile-enabled EHR software. This partnership
leverages Payment Data Systems’ proprietary ‘Payfac-in-a-Box’
payment facilitation offering to penetrate the targeted healthcare
and behavioral sciences verticals. This integration will allow
Sigmund customers to more efficiently collect payments, effectively
eliminating the need and dependency on archaic, manual and labor
intensive processes. This partnership is of great value for both
parties because of the breadth and scalability of our payment
facilitation offering and its ease of use by the Sigmund customer
base.”
Cory Valentine, VP of Business Development at
Sigmund Software noted, “Integrating Payment Data Systems’ robust
payment facilitation and electronic bill presentment and payment
(EBPP) technology into our software enables our customers to
enhance their revenue cycle management functionality. In addition,
we feel this added technology serves to significantly improve the
patient experience, offering the flexibility to more efficiently
remit payment and settle outstanding balances. This is
functionality that we have been seeking for some time, and are
excited to implement in partnership with Payment Data Systems.”
About Sigmund Software
For fifteen years, Sigmund Software has partnered
with various types of behavioral health and addiction treatment
facilities, assisting in the management of patient treatment and
care. Our goal is to provide quality for all - developing,
distributing and supporting an enterprise Electronic Health Record
software that is specifically generated for the behavioral health
and addiction treatment communities. For more information, please
find us at sigmundsoftware.com.
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. Find us on Facebook® and Twitter.
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, 2018. 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.
ContactsInvestor
Relations:Joe HassettGregory
FCAjoeh@gregoryfca.com484-686-6600
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