Payment Data Systems Inc. Reports Operating Results for the Fourth Quarter of 2013
January 14, 2014 at 12:30 pm
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Payment Data Systems Inc. reported operating results for the fourth quarter of 2013. Credit cards dollars processed during fourth quarter of 2013 were up 20% over the same time period in 2012. Credit cards transactions processed during fourth quarter of 2013 were up 54% over the same time period in 2012.
The fourth quarters of 2013's electronic check transaction volumes were up 690% and returned check transactions were up 2,934% as compared to third quarter of 2013. This growth was driven from the addition of new customers. Total dollars processed for the fourth quarter of 2013 set a new record for the company exceeding $525,000,000 and breaking the previous record that was achieved in third quarter of 2013 of $70,000.000.
Usio, Inc. is a cloud-based, Fintech payment processor. It serves multiple industry verticals with technology that facilitates payment acceptance and funds disbursement in a single, full-stack ecosystem. It provides payment acceptance through multiple payment methods, including payment facilitation, prepaid card and electronic billing products and services to businesses, merchants and consumers. Through its Prepaid Debit Card platform, it offers a variety of prepaid card products, such as reloadable, incentive, promotional and corporate card programs. It provides integrated electronic payment processing services to merchants and businesses, including credit and debit card-based processing services and electronic funds transfer via the ACH network. Its card-based processing services enable merchants to process both traditional card-present, tap-and-pay, or swipe transactions, and card-not-present transactions. Its UsioCard platform supports Apple Pay, Samsung Pay and Google Pay.
USIO, INC. 
