Payment Data Systems $PYDS A Small Cap FinTech Growth Opportunity

The payment processing industry is becoming increasingly complex with the onslaught of new entrants and technologies. paymentdatasystems-650x535 The main players in this segment offers services such as processing of transactions carried out using cards including ACH, credit, debit, and gift cards. These service providers also offer value added functions such as balance sufficiency checks and related data.

One of the key players in this segment is Payment Data Systems Inc. (NASDAQ:PYDS). This San Antonio based company collaborates with major card companies such as MasterCard (NYSE:MA), VISA (NYSE:V), Discover (NYSE:DFS), and JCB Networks. Since the company’s strong-suit is in online transactions such as card-not-present transactions, it is well positioned to benefit from increasing e-commerce. Read more