SOURCE: Wall Street News Alert

March 06, 2006 08:38 ET

Hot Stock Watch: PYDS Is on the Move! March 6, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- March 6, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Payment Data Systems, Inc. (OTC BB: PYDS), Citigroup (NYSE: C), Bank of America (NYSE: BAC), and Google Inc. (NASDAQ: GOOG).

Payment Data Systems, Inc. (OTC BB: PYDS) will have investors watching this morning as the markets begin trading. Friday after the stock markets closed, the company, an integrated electronic payments solutions provider, issued a press release announcing that it has entered into an agreement with Symmetrex, Inc, a leading financial transaction processing company, to launch a series of prepaid debit cards.

News of the Strategic Agreement may raise the attention of investors! Louis Hoch, PDS' President and COO, said, "It is strategic for PDS and PDS's customers to have processor independency in our debit card applications and services. The addition of Symmetrex to our group of supported processors provides our customers access to another leading debit card processor and provides flexibility for our customers card programs that can not be obtained through single processor dependant applications and services."

PDS will implement the Carmen Electra card program with Symmetrex processing services as the backend. PDS will also implement a large, unnamed, private labeled ATM card deal with Symmetrex as well.

Michael Long, PDS' Chairman and CEO, said, "We are very pleased to secure this strategic agreement with Symmetrex. We view them as clearly the leader in the prepaid transaction processing arena." The value-added philosophy of Symmetrex meshes ideally with ours, and that value extends into our current and future customers."

Gil Hooper, Senior Vice President of Symmetrex stated, "Payment Data Systems is uniquely qualified to assume a leadership position in the prepaid debit card industry due to their history in transaction processing and consumer bill payments. We are pleased to have PDS as a partner."

Wall Street News Alert is continuing to place aggressive investors on high alert to watch this company! The company just recently announced financial results for the quarter and year ended December 31, 2005. One of the highlights was that revenues were up 230% from the prior year. In that press release, Michael R. Long, Chairman and Chief Executive Officer of Payment Data Systems, said, "We are very pleased to see the year finish on a positive note, continuing the steady growth in revenue year over year, and significant improvements in the overall traction of our business. We believe we are positioned to begin to put some real distance between ourselves and our competition."

Continue to watch this company!

Prior to the press release, the stock closed Friday at around Thirteen cents a share.

To view a detailed, in-depth profile of Payment Data Systems, visit To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the companies: Payment Data Systems is an integrated payment solutions provider to merchants and billers. The company provides an extensive set of tailored products to deliver world-class payment acceptance, processing, and risk/fraud management. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The company is also is the owner of the electronic bill payment portal,, which has the ability to transmit payments to thousands of national billers.

Citigroup (NYSE: C) down 0.2% on 13.9 million shares traded.

Citigroup is a financial services company. Citigroup recently announced last month that Charles Prince, CEO of Citigroup, and Sallie Krawcheck, CFO of Citigroup, will review Citigroup's first quarter results on Monday, April 17th, 2006, at 8:00 AM (EDT).

Bank of America (NYSE: BAC) up 0.09% on 12.4 million shares traded.

Bank of America is one of the largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.

Google Inc. (NASDAQ: GOOG) up 0.4% on 11.9 million shares traded.

Google's innovative search technologies help people connect with information every day.


"With oil prices still sitting above $60 a barrel, OPEC ministers likely will keep output steady when they meet this week to set strategies for the spring and early summer. A warmer-than-usual winter in the United States, the world's largest consumer, has built inventories -- which should drive prices lower. But fears about disruptions to supply from places like Iran or Nigeria are keeping prices high," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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