SmartCard Marketing Systems and Payment Data Systems Announce Payment Processing Sales Agreement
20 Dezember 2007 - 1:00PM
PR Newswire (US)
SAN ANTONIO, Texas, Dec. 20 /PRNewswire-FirstCall/ -- SmartCard
Marketing Systems Inc. (Pink Sheets: SMKG) (Frankfurt: QYH) a
leading provider of prepaid cards, stored value cards and Money
remittance services, is pleased to announce entering into an
Independent Sales Agreement with Payment Data Systems, Inc. of San
Antonio, TX (OTC:PYDS) (BULLETIN BOARD: PYDS) , a leading
integrated electronic payments solutions provider, to market
payment processing services. SmartCard President Bruce Baillio
said, "Expanding our marketing relationship with Payment Data will
allow SmartCard to provide more comprehensive payment solutions to
our customers. We want to be a one-stop provider of all types of
financial transaction processing ... from prepaid debit cards and
worldwide remittance processing to merchant payment processing. We
have been impressed with the experience and commitment to great
customer service we have seen at Payment Data." This agreement is
an expansion from the initial private label, open-loop debit card
agreement between the two companies signed in March 2007. The first
card program, a corporate promotion card for incentives, premiums
and loyalty reward distribution, was successfully launched in
September 2007. Revenue from this card program will significantly
impact SmartCard's financial performance in the last quarter of
2007 as the card program begins to penetrate its target market."
"We are excited to increase our involvement with SmartCard
Marketing Systems. They have a proven ability to market on a
national and international basis. This new agreement fits well with
our strategy to increase our payment processing portfolio through
increased sales and through acquisitions." said Louis Hoch, Payment
Data Systems' President and COO. Mr. Hoch continued, "The
combination of SmartCard's marketing prowess and our payment
processing experience creates a unique value proposition for
prospective customers." SmartCard has established a solid portfolio
of prepaid programs and many of these clients also need merchant
processing services. "The addition of Payment Data's payment
processing services to our product and service mix will strengthen
SmartCard's position as a complete financial services provider."
Mr. Baillio stated. 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. Payment Data is the owner of the
electronic bill payment portal, http://www.billx.com/, which has
the ability to transmit payments to thousands of national billers.
Payment Data Systems Inc. (OTC:PYDS) (BULLETIN BOARD: PYDS) is a
registered ISO/MSP of MetaBank. Payment Data's intellectual
property includes U.S. Patent Number 7,021,530 that relates to bill
payments made with debit and stored value cards. For additional
information, visit http://www.paymentdata.com/. Contact Michael
Long for Investor Relations information at 210.249.4040 or email at
. We seek safe harbor DATASOURCE: SmartCard Marketing Systems Inc.
CONTACT: SmartCard Marketing Systems Inc., , 1-866-774-2555; or
Investors, Michael Long of Payment Data Systems, Inc.,
+1-210-249-4040, Web site: http://www.gosmartcard.com/
http://www.paymentdata.com/
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