SOURCE: Wall Street News Alert

June 02, 2005 08:27 ET

Wall Street News Alert: PYDS Successful Qualification for the Microsoft® .NET Connected Logo Opens Door to Future Customers!

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

WESTON, FL -- (MARKET WIRE) -- June 2, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Payment Data Systems Incorporated (OTC: PYDS), Oracle (NASDAQ: ORCL), Symantec Corp. (NASDAQ: SYMC) and Calpine Corporation (NYSE: CPN).

Payment Data Systems, Inc. (OTC: 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.

For more in-depth coverage and a company profile of Payment Data Systems, visit

The stock closed yesterday at Twenty-One cents a share.

In case you are not familiar with the company: Payment Data Systems, Inc., is an Integrated Payments Solution Provider delivering comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response (IVR).

Additional products available from PDS include services and products that can be implemented more quickly and less expensively than the alternative of adding multiple payments companies as these solutions offer a full range of payment processing capabilities. These service offerings include: one time and recurring ACH debits and credits, electronic lockbox and returned check services, Web pay acceptance of credit cards and checks, telephone pay to Customer Service Representatives for acceptance of credit cards and checks, Interactive Voice Response systems which completely automate the payment receiving process, and data warehousing that enable the storage and retrieval of all payment history from one location.

These are all managed within a single comprehensive storage and retrieval system thereby providing the customer consolidated tracking and reporting of all payment types regardless of source or channel.

Payment Data is the owner of the electronic bill payment portal, has the ability to transmit electronic payments to thousands of national billers.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Oracle (NASDAQ: ORCL) up 0.3% on 33.1 million shares traded, Symantec Corp. (NASDAQ: SYMC) up 0.4% on 15.2 million shares traded and Calpine Corporation (NYSE: CPN) down 0.6% on 12.9 million shares traded.


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