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Payment Data Systems Launches Apple iOS Payment Processing SDK

SAN ANTONIO, July 28, 2016 (GLOBE NEWSWIRE) -- Payment Data Systems, Inc. (NASDAQ:PYDS), an integrated payments solutions provider, today announced the launch of PDS Checkout for Apple iOS, a software development kit (SDK) that enables mobile apps to easily accept payments using Payment Data Systems’s credit card and ACH processing platforms.

“We’re thrilled to offer the Apple developer community the ability to create better mobile payment experiences for their business clients and, at lower processing rates than many of the current processing solutions available,” said Matt Decker, Vice President of Technology, Payment Data Systems.

“Our new SDK helps to fulfill our continued commitment to attract developers in new industry verticals that are in need of secure payment processing solutions,” said Louis Hoch, President and Chief Operating Officer, Payment Data Systems.

PDS Checkout for Apple iOS provides easy integration with Payment Data Systems’s credit card and ACH processing platform. The software development kit (SDK) is compatible with all devices that run Apple’s iOS mobile operating system including Apple Watch, iPhone, iPad and Apple TV. Learn more by visiting www.paymentdata.com/checkout.

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 service 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, Inc. is headquartered in San Antonio, Texas, and has offices in New York, New York; and Los Angeles, California.

For additional information please visit www.paymentdata.com. Websites: www.ficentive.com, www.akimbocard.com, www.streamprepaid.com, www.zbill.com. Find us on Facebook®.

Apple, Apple Watch, iPhone, iPad, Apple TV and iOS are trademarks of Apple.

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.

Investor Contacts: Julie MacMedan Elizabeth Brossy Financial Profiles PYDS@finprofiles.com

Source:Payment Data Systems, Inc.