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Lots of action here up 20% on strong volume, from this morning's wall street news alert:
Payment Data Systems, Inc. (PYDS) may have the attention of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing its successful qualification for the Microsoft .NET connected logo and the expectation that the qualification and certification will open the door to future customers.
This could be huge news for investors! In anticipation of achieving this qualification and delivering high impact, state of the art solutions, PDS has completed the contracting of a high profile industry leader. The specific announcement will be forthcoming within the next two weeks.
The Microsoft .NET web service for ACH, IPS ACH Gateway, provides real-time feedback on eCheck acceptance and verification and is integrated with all of Payment Data's verification, fraud, risk and customer service offerings.
The enhanced Microsoft .NET web service Verification and Risk tool is designed to perform extended fraud and risk management by conducting commercially reasonable check validations and buyer authentications. PDS is able to verify the validity of a bank routing number and consumer's bank account status.
Investors continue to watch this one as Payment Data Systems technology spreads!
"We are very pleased by the recognition that comes with this qualification and certification which will allow us to enjoy the rights and privileges extended by Microsoft for the .NET Connected Logo program. Furthermore, it has already led to new high profile prospects that desire the latest in technology solutions and one of those prospects has become a contracted customer." said Louis Hoch, President & COO. Mr. Hoch added, "This latest step of providing highly effective and technology driven solutions in a demand driven marketplace continues to distinguish us from competition."
The Microsoft .NET Connected logo is used to identify applications, XML Web services, and hardware devices that meet a set of technical specifications as defined by the logo program criteria, and are licensed pursuant to a valid Microsoft .NET Connected logo license agreement with Microsoft.
************.com Announces Profile Launch of Payment Data Systems, Inc. 08:00 a.m. 06/01/2005 Provided By PrimeZone
GRANGER, Ind., Jun 1, 2005 (PRIMEZONE via COMTEX) -- Ken Weiner, Publisher of ************.com, today announced profile coverage of Payment Data Systems, Inc. (PYDS) . The Profile is a comprehensive look at the company's growth initiative. You can view the complete profile at http://www.************.com/profiles/pyds/index.php
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