SOURCE: Wall Street News Alert

April 18, 2006 09:52 ET

PYDS Is on the Move: U.S. Patent Office Issues Bill Payment Patent to Payment Data Systems! April 18, 2006

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

WESTON, FL -- (MARKET WIRE) -- April 18, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Payment Data Systems, Inc. (OTC BB: PYDS), American Express Company (NYSE: AXP), Merrill Lynch & Co., Inc. (NYSE: MER) and Goldman Sachs Group, Inc. (NYSE: GS).

News just released by Payment Data Systems, Inc. (OTC BB: PYDS) may make the company a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, an integrated electronic payments solutions provider, issued a press release announcing that the United States Patent and Trademark Office has issued Patent Number 7,021,530 for the company's technology and method for managing and processing bill payment via a stored-value debit card, check card, signature debit card, PIN based card or automatic teller machine (ATM) card from a variety of access points.

News of the patent should get the attention of investors! Louis Hoch, President and COO, gave an overview of the patent by saying, "The patent provides us legal protection for technology and method that links a bill payment and all variations of debit cards. We are very excited about the intellectual property that accrues to Payment Data Systems through this patent. We believe this patent could enhance our valuation and it certainly validates our ability to innovate technology and provide marketplace leadership. We believe the issuance of this Patent will quickly become an industry changing event."

Continue to watch this company! Last month we reported that the company announced that it had entered into an agreement with Symmetrex, Inc., a leading financial transaction processing company, to launch a series of prepaid debit cards. At that time, it was stated that, in addition to the Carmen Electra card, PDS will also implement a large, unnamed, private labeled ATM card deal with Symmetrex as well.

Wall Street News Alert continues to place Aggressive Investors on alert to monitor the progress of Payment Data Systems! The company's financial results for the quarter and year ended December 31, 2005, stated that revenues were up 230% from the prior year and 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."

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

For an in-depth profile of Payment Data Systems, visit

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In case you are not familiar with the company: 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. The company is also the exclusive license holder of the rights to market the Carmen Electra gift and prepaid cards. Payment Data's intellectual property now includes U.S. Patent Number 7,021,530 that relates to bill payments made with debit, prepaid and stored-value cards.

American Express Company (NYSE: AXP) down 0.4% on 4 million shares traded.

American Express Company is a leading global payments, network and travel company founded in 1850.

Merrill Lynch & Co., Inc. (NYSE: MER) up 0.5% on 4.8 million shares traded.

Merrill Lynch is one of the leading wealth management, capital markets and advisory companies.

Goldman Sachs Group, Inc. (NYSE: GS) up 1.5% on 3.3 million shares traded.

Goldman Sachs is one of the leading investment banking, securities and investment management firms.


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