Payment Data Systems $PYDS Reports Strong Quarterly Numbers

Countries all over the world are moving towards a cashless economy. The trend is expected to gain strength as technology keeps evolving to support the large volume of transactions. Another factor which will drive online payment system further is the rise of e-commerce. All electronic transapaymentdatasystems-650x535ctions as well as offline transactions involving different bank cards require the services of processing companies for executing payment instructions.

Payment Data Systems Inc. (NASDAQ:PYDS), based out of San Antonio, Texas, offers integrated payment processing services. Its portfolio of services includes different types of automated clearing house (ACH) processing, and credit, prepaid card, and debit card-based processing services. Read more