SAN ANTONIO, Aug. 11, 2014 (GLOBE NEWSWIRE) -- Payment Data Systems (OTCQB:PYDS), an integrated electronic payments solutions provider announced today that it has high growth in transactions for the month of July.
July 2014's electronic check transaction volumes were up 13% and returned check transactions were up 16% as compared to June 2014.
Credit card processing volumes July 2014 were the second highest in the history of the company. Credit cards dollars processed during July 2014 were up 20% over the same time period in 2013. Credit cards transactions processed during July 2014 were up 63% over the same time period in 2013.
Total dollars processed for July 2014 exceeded $281,000,000.
Michael Long, CEO, said, "I am thrilled with the continued growth that we are experiencing and I believe we will continue to experience similar growth in the foreseeable future. We have already surpassed our annual sales of 2013 and we expect to exceed 100% year over year growth in revenue and associated profits. The effect is that we believe our company is currently undervalued. We will report record quarterly revenues on or before August 14th."
About Payment Data Systems, Inc.
Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization 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.
For additional information, visit www.paymentdata.com. Contact Michael Long for Investor Relations information at 210.249.4040 or email at ir@paymentdata.com.
Website: http://www.paymentdata.com, www.ficentive.com, www.zbill.com
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