Payment Data Systems Announces New Office Location in Franklin, TN

SAN ANTONIO, April 11, 2018 (GLOBE NEWSWIRE) -- Payment Data Systems, Inc. (NASDAQ:PYDS), an integrated electronic payments solutions provider, today announced the opening of a new office located in Franklin, Tennessee. Headquartered in San Antonio, Texas, Payment Data Systems is celebrating its 20th year of service. This new Franklin, Tennessee office is home to the payments integration team under the brands Singular Payments and Payfac in a Box™.

The new Tennessee location will house a variety of important inside sales and merchant support positions including Activation Specialists, Team Leaders, and Business Development professionals who will specialize in ACH, Pre-Paid and other payment vehicles. The Activation Specialist positions are dedicated to activating merchants that are batch boarded using the enrollment API in connection with integrations to PDS’ Payfac in a Box™ platform. This role will be critical in ensuring a high level of adoption within each ISV partnership, which is central to the value proposition associated with the Payfac in a Box™ offering.

Commenting on the announcement, Vaden Landers, EVP & Chief Revenue Officer for Payment Data Systems said, “The opening of our office in the Franklin, Tennessee area allows us to capitalize on the fact that Nashville is a major hub for both payments and healthcare. Since the founding of Singular Payments back in 2009, our focus has remained on the delivery of sophisticated payment solutions into hospitals, clinics, and providers of all varieties, and other players across the healthcare sector.” Landers added, “Our expansion into the Nashville area through the opening of this office demonstrates our commitment to addressing the Revenue Cycle Management challenges that plague the healthcare community today.”

Payment Data Systems has already begun its search for experienced, highly motivated sales professionals who will work from the new Franklin, TN payments headquarters. A ribbon cutting ceremony for the new office will take place on Thursday, April 12, 2018, at the new facility located at 4037 Rural Plains Circle, Suite 230, in Franklin beginning at 11:00am and concluding at 1:00pm. Representatives from the Williamson County Chamber of Commerce as well as other local officials, company staff, clients and partners will be on hand to participate in the festivities, which will mark the official opening of the branch.

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 is headquartered in San Antonio, Texas, and has offices in New York, New York; Long Beach, California; St. Augustine, Florida and Nashville, Tennessee. Websites: www.paymentdata.com, www.singularpayments.com, www.payfacinabox.com, www.akimbocard.com, and www.ficentive.com. Find us on Facebook®.

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, 2016. 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.

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Source:Payment Data Systems, Inc.