Payment Data Systems (PYDS) Reports Q3 EPS of $0.05

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Payment Data Systems Announces Third Quarter 2015 Results

November 16, 2015 4:30 PM EST

Adjusted EBITDA of $2.2 Million for Nine Months Ended September 30, 2015; up 42% Y-o-Y

Prepaid and Incentive Card Services Provide Strong Catalyst for Future Growth

SAN ANTONIO, Nov. 16, 2015 (GLOBE NEWSWIRE) -- Payment Data Systems (NASDAQ: PYDS), an integrated payment solutions provider, today announced financial results for the third quarter ended September 30, 2015.

Third Quarter 2015 Financial Highlights

Revenues were $3.6 million Gross margins of $1.2... More

Payment Data Systems Launches Akimbo Now, a New Virtual Card Account Platform and API

November 16, 2015 4:00 PM EST

SAN ANTONIO, Nov. 16, 2015 (GLOBE NEWSWIRE) -- Payment Data Systems (NASDAQ: PYDS) today announced the launch of Akimbo Now, a simple yet powerful payment service and API that allows businesses and third-party applications to send rewards, incentives, and other payments. Akimbo Now introduces a new and unprecedented disbursement method a virtual card account that is sent via email and can be used immediately for online purchases or added to a... More