SAN ANTONIO, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Payment Data Systems (NASDAQ: PYDS), a tech enabled payment
solutions provider, announced today that it had entered into a strategic partnership to provide its comprehensive card, ACH and
other electronic payment services to Voyager Digital Holdings, LLC (“Voyager”), a New York based crypto-asset brokerage.
Vaden Landers, EVP and Chief Revenue Officer at Payment Data Systems, said, “We are excited that Voyager has chosen Payment Data
Systems to power their various electronic payment transactions inside this new crypto wallet and exchange. It is a privilege to
partner with the proven leaders behind Voyager, and we look forward to lending our payments expertise and tech stack to enhance the
sophistication of not only the technology, but the entire customer experience. Our unique ability to offer a wide breadth of
payment facilitation, from card, to ACH, to prepaid, offers Voyager and its clients both flexibility and extended capabilities that
can make transactions within the crypto-asset trading framework seamless and transparent. With this agreement, we have successfully
and strategically ported our expertise into the exciting and fast growing crypto markets, which we believe unlocks tremendous new
growth potential.”
Stephen Ehrlich, CEO of Voyager, noted, “We believe this partnership is the first, fully integrated, ‘Trade-to-Pay’ solution in
the crypto industry. We like that Payment Data Systems has multiple options we can implement today or phase-in over time on an
as-needed basis. We are continually seeking innovative, strategic partners that offer contemporary solutions to augment the
experience we provide our clients and value the breadth of their IT capabilities and commitment to supporting our high standards
and customer requirements.”
About Payment Data Systems, Inc.
Payment Data Systems, Inc. (Nasdaq: PYDS), a leading integrated payment solutions provider, offers a wide range of
payment solutions to merchants, billers, banks, service bureaus, and card issuers. The Company operates credit, debit/prepaid, and
ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. The strength
of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well
as its unique technology in the prepaid sector. Payment Data Systems is headquartered in San Antonio, Texas, and has offices in
Franklin, Tennessee, just outside of Nashville.
Websites: www.paymentdata.com, www.singularpayments.com, www.payfacinabox.com, www.akimbocard.com, and www.ficentive.com. Find us on Facebook® and Twitter.
About Voyager Digital Holdings, LLC
Voyager Digital Holdings, LLC (Voyager) is a crypto-asset broker that provides retail and institutional investors
with a turnkey solution to trade crypto assets. Voyager offers investors best execution, data and custody services through its
institutional-grade open architecture platform. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who
teamed to bring a better, more transparent and cost efficient alternative for trading crypto-assets to the marketplace. Voyager is
based in New York and is registered with FinCen. https://www.investvoyager.com
Forward-Looking Statements Disclaimer
Except for the historical information contained herein, the matters discussed in this release include forward-looking
statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding
management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. These
forward-looking statements are identified by the use of words such as "believe," "intend," "look forward," "anticipate,"
"schedule," and "expect" among others. Forward-looking statements in this press release are subject to certain risks and
uncertainties inherent in the Company's business that could cause actual results to vary, including such risks related to the
realization of the anticipated opportunities from the Singular acquisition, the management of the Company's growth, the loss of key
resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and
merchants, the security of our software, hardware and information, the volatility of our stock price, the need to obtain additional
financing, risks associated with new tax legislation, and compliance with complex federal, state and local laws and regulations,
and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission including its
annual report on Form 10-K for the fiscal year ended December 31, 2017. One or more of these factors have affected, and in the
future, could affect our businesses and financial results in the future and could cause actual results to differ materially from
plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will
prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the
inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans
will be achieved. All forward-looking statements made in this release are based on information presently available to our
management. We assume no obligation to update any forward-looking statements, except as required by law.
Contacts
Investor Relations:
Joe Hassett
Gregory FCA
joeh@gregoryfca.com
484-686-6600
