WESTON, Fla., March 11, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Payment Data Systems, Inc. (OTCBB:PYDS), AmeriCredit Corp. (NYSE:ACF), NovAtel Inc. (Nasdaq:NGPS) and ChevronTexaco Corporation (NYSE:CVX).
Aggressive investors and day traders should be watching Payment Data Systems, Inc. (OTCBB:PYDS) this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it has filed the final application for patent protection from the U.S. Patent Office for the technology that will enable the industry's first bill payment capability using a debit card.
This could be huge news for investors! The debit card technology for which Payment Data Systems has filed for patent protection, allows a cardholder to use their stored-value Secure Cash Network debit or ATM card to pay local, national, or international bills with the card from their electronic balance. Because it does not require linkage to a traditional checking or savings account, this new debit technology is unique in that it allows for use by 'unbanked' consumers.
Investors continue to watch this one as news of the technology spreads! Payment Data Systems, in anticipation of owning patent rights to this industry-first bill payment processing technology, has agreed to provide their partner Secure Cash Network with a perpetual license for use of the technology as part of an initial roll-out strategy. However, the Payment Data Systems debit card bill payment technology can also be licensed by any provider of debit or stored-value cards and networks, including: MasterCard, Visa, and American Express among others.
President and COO of Payment Data Systems, Inc. Louis Hoch, said, "Trends continue to project extensive growth in demand for products and services available to unbanked consumers- who now represent a worldwide market potential of $1.1 trillion -- but at the same time traditional payment processing products have done little to remove the inconvenience and expense of bill payment for this large group. Payment Data Systems expects to become a market leader in the payment services sector by establishing first entry into this underserved segment of the marketplace with our superior payment processing solutions."
For more in-depth coverage of Payment Data Systems, visit http://www.sommor.com/PYDS0310.html
The stock closed yesterday at twenty-eight cents a share.
In case you are not familiar with the company: Payment Data Systems is an Integrated Payments Solution Provider to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response (IVR). The company's electronic payment processing solutions can be implemented more quickly and less expensively than alternative solutions because PDS allows for a full range of payment processing capabilities using a single, comprehensive storage retrieval system that allows for consolidated tracking and reporting of all payment types, regardless of source or channel. These service offerings include: one time and recurring ACH debits and credits, ACH lockbox and RCK services, Web pay acceptance of credit cards and checks, telephone pay to Customer Service Representatives for acceptance of credit cards and checks, Interactive Voice Response systems which completely automate the payment receiving process, and data warehousing that enable the storage and retrieval of all payment history from one location.
Stocks showing interesting activity yesterday at the close of the regular trading day were: AmeriCredit Corp. (NYSE:ACF) up 5.3% on 4 million shares traded, NovAtel Inc. (Nasdaq:NGPS) up 14% on 2.7 million shares traded and ChevronTexaco Corporation (NYSE:CVX) down 2.1% on 14.6 million shares traded.
Commentary:
"Individual debt in the United States was up by 8.6 percent in 2004, the largest rise in 16 years, or $1.92 trillion, said the Federal Reserve. Households took in $1.02 trillion, an 11 percent rise; home mortgages took in $885 billion, an increase of 13.3 percent for 2004; business borrowing was up 5.7 percent to $520 billion and the U.S. government +9 percent to $363 billion. Total debt outstanding increased to $24.2 trillion in the U.S. for 2004," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're interested in telling your story, we can help. Contact us at info@wallstreetnewsalert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 40 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
-- Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street! If you receive any such fax, please do not contact us at www.wallstreetnewsalert.com. You may wish to inquire about the fax with the CEO of the company that the fax is written about. --
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For present and future services, WSCF has been compensated fourteen thousand dollars for coverage of Payment Data Systems, Inc. (OTCBB:PYDS), by the company, for services provided including dissemination of company information in this release. In 2004, WSCF was compensated for previous services performed for Payment Data Systems, Inc.; for information on that compensation, contact us at info@wallstreetnewsalert.com. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.