Investor Relations

Over the course of its rich history, spanning more than 20 years, Payment Data Systems (“PDS”) has established a dominant position within the ACH segment of the Financial Services sector. Payment Data Systems, by its very nature, seems to indicate to would-be hackers and/or perpetrators of fraud that PDS is the place to find “payment data.” Moreover, through our strategic acquisition of Akimbo in late 2014 and Singular Payments in September of 2017, the company has evolved into a turn-key, end-to-end processing platform, leveraging its prepaid card issuance and merchant acquiring capabilities. This growth and maturation has brought a broader suite of financial technology assets, a more robust set of products, services, and ultimately a number of brands and logos. Simplifying our brand to eliminate confusion was needed.

The new name, Usio, represents the fusion of many products, many services, many incredible people and the infinite possibilities created through our innovative payment technology. Over the past several years, the evolution of our business into a leading FinTech platform has vastly accelerated. We now offer solutions covering processing needs from card issuing to merchant acquiring and operate interfaces ranging from mobile apps to application programming interfaces. This new brand identity will help better position the company and more effectively communicate our comprehensive, industry-leading value proposition to our numerous constituencies.

No. Usio is publicly traded on the Nasdaq under the ticker symbol USIO. We are not being acquired.

You can find our new home online at www.usio.com. Our current site, www.paymentdata.com, as well as www.singularpayments.com and www.ficentive.com will continue to operate until the first of August, at which point they will be redirected to our new site.

We will still continue to process ACH payments. It is a large part of our business. In addition to ACH processing, we have merchant acquiring and processing lines of business, including our latest innovation in payment facilitation called PayFac-in-a-Box, and prepaid card issuing through our Akimbo product.

Your contacts will not change. Please continue to call the exact same people you have come to know and trust over the course of your relationship with Payment Data Systems.

For now, no. You can visit our new site to view our API documentation. At some point in the future, the URL’s will change, but all links will be accessible via the developers tab on our website.   

Not at this time. Eventually, we will change the URL, but we will communicate with you to let you know when that will happen. Additionally, all current links will be redirected to new links. 

Joseph P. Hassett

Gregory Communications

27 W. Athens Avenue

Ardmore, PA 19003

610.228.2110

To keep up with Usio News, please join our mailing list.