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Payment Data Systems Announces Approval for Listing on NASDAQ

SAN ANTONIO, Aug. 4, 2015 (GLOBE NEWSWIRE) -- Payment Data Systems, Inc. (OTCQB:PYDSD) (OTCQB:PYDS), announced that it has received confirmation that its application to list the Company's common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market, a unit of the NASDAQ OMX Group. In honor of the listing, the Company will ring the Opening Bell at the NASDAQ MarketSite in Times Square, New York City, on Monday, December 21, 2015

The Company's common stock is expected to begin trading on NASDAQ at the opening of trading on August 11, 2015 under the ticker symbol, PYDSD. The Company's common stock will continue to trade on the OTCBB and the OTCQB until market close on August 10, 2015 under the ticker symbol, PYDSD.

After 20 days, or on August 20, the Company's ticker symbol will revert to trading as PYDS from PYDSD on NASDAQ.

Michael Long, Chairman and CEO of Payment Data Systems stated, "Our listing on the NASDAQ Capital Market is a major corporate milestone for our Company and a testament to the tremendous progress we have made over the past few years. Furthermore, we believe that the listing on NASDAQ will help broaden our shareholder base, increase appeal to institutional investors, provide us with better liquidity and ultimately contribute to increasing shareholder value."

About Payment Data Systems, Inc.

Payment Data Systems is an integrated payment solutions provider to merchants and billers. The Company 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.

Through its wholly-owned subsidiary of FiCentive, Inc., a turn-key prepaid card solutions provider, that quickly and securely delivers customized prepaid card programs for corporations, financial institutions, affinity groups or any organization that needs to deliver a financial incentive to their customers, vendors, or employees.

The Company's proprietary platform boasts the highest level of security, encryption and card association compliance. The Company's prepaid card programs for many industries.

For additional information, visit www.paymentdata.com. Contact Michael Long for Investor Relations information at 210.249.4040 or email at ir@paymentdata.com.

Websites: www.paymentdata.com, www.ficentive.com, www.zbill.com

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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.