Payment Data Systems $PYDS Initiates Strategic Acquisition of Singular Payments

The global payment system is undergoing a tectonic change with the swift change in technology. The changes are resulting in new challenges as well as in opportunities. Traditionally, the system engaged the services of a niche group of stakeholders consisting of cardholders, businespaymentdatasystems-650x535ses and concerned banks. The critical link between these stakeholders is a payment processor and this is where Payment Data Systems Inc. (NASDAQ:PYDS) enters the scene. A processor is essential for ensuring that there is proper information flow between the acquirer bank and card issuing bank. Payment Data Systems is a third party processor system which changed the face of the payment processing industry with the innovative use of technological tools. Read more