PYDS Provides Status Update

SAN ANTONIO, June 09, 2015 (GLOBE NEWSWIRE) -- Payment Data Systems, Inc. (OTCQB:PYDS) and (OTCBB:PYDS) an integrated electronic payments solutions provider, today provided the following update on key items of shareholder interest.

The proxy for the 2015 Annual Shareholder Meeting has been approved by the SEC and is being prepared for printing and mailing the week of June 15, 2015 to the shareholders of record as of May 8, 2015.

The meeting will be held at 10:00 a.m. on July 2, 2015 in the Hilton Garden Inn, 12828 San Pedro Avenue, San Antonio, Texas.

We have met all governance requirements for our Nasdaq listing and we continue to work with them in a very positive environment.

Financial outlook for the remainder of 2015 suggests a very positive year.

Michael Long, CEO said, "We are continuing to meet all requirements of all our regulatory and oversight partners and at the same time continue to grow the business. I am very pleased with where we are and where we are going."

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 Contact Michael Long for Investor Relations information at 210.249.4040 or email at

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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 the Company’s and management’s intent, belief and expectations, such as statements concerning the Company’s future and its 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 the Company’s filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect, the Company’s businesses and financial results and could cause actual results to differ materially from plans and projections. 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 the Company or any other person that the Company’s objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to the Company’s management. The Company assumes no obligation to update any forward-looking statements, except as required by law.

Source:Payment Data Systems, Inc.