Payment Data Systems, Inc.
| OTC Markets: PYDS
Payment Data Systems, Inc. provides integrated electronic payment processing services to merchants and businesses, including all types of automated clearing house processing and credit and debit card-based processing services. Its automated clearing house processing services enable merchants or businesses to both disburse and collect funds electronically using e-checks to transfer funds instead of traditional paper checks. The company's card-based processing services enable merchants to process both traditional card-present, or swipe, transactions, as well as card-not-present transactions. It operates an online payment processing service for consumers under the domain name www.billx.com through, which consumers can pay anyone. The company provides prepaid card processing services for merchants and consumers through its wholly owned subsidiary, FiCentive, Inc. It offer MasterCard prepaid cards branded with corporations' brands, which are used for various applications, including payroll, corporate incentives, employee incentives, and general use. Payment Data Systems was founded by Louis A. Hoch and Michael R. Long in July 1998 and is headquartered in San Antonio, TX.