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PYDS .41 x .42 now #msg-2357999, Payment Data Systems Files Patent on Industry's First Debit Card Bill Payment Technology
- Forms Strategic Partnership to Reach 40 Million Unbanked Customers -
SAN ANTONIO, Mar 5, 2004 /PRNewswire-FirstCall via COMTEX/ -- Payment Data Systems, Inc. (OTC Bulletin Board: PYDS) an integrated electronic payments solutions provider, announced today that it has filed for patent protection from the U.S. Patent Office for the technology that will enable bill payment using a debit card. In expectation of this patent, Payment Data Systems has entered into a strategic relationship with Secure Cash Network, Inc. to provide the electronic payment industry's first bill payment debit card.
The debit card technology for which Payment Data Systems has filed for patent protection, allows a cardholder to use their stored-value Secure Cash Network debit or ATM card to pay local, national or international bills with the card from their electronic balance. Because it does not require linkage to a traditional checking or savings account, this new debit technology is unique in that it allows for use by 'unbanked' consumers.
Payment Data Systems, in anticipation of owning patent rights to this industry-first bill payment processing technology, has agreed to provide Secure Cash Network with a perpetual license for use of the technology as part of an initial roll-out strategy. However, the Payment Data Systems debit card bill payment technology can also be licensed by any provider of debit or stored-value cards and networks, including: MasterCard, Visa, and American Express among others.
President and COO of Payment Data Systems, Inc. Louis Hoch, said, "While trends clearly project extensive growth in demand for products and services available to unbanked consumers -- who now represent a worldwide market potential of $1.1 trillion -- traditional payment processing products and services have been expensive and are not easily accessible. Payment Data Systems expects to become a market leader in the payment services sector by establishing first entry into this underserved segment of the marketplace with our superior payment processing solutions."
Payment Data Systems' new payment processing solution partnered with Secure Cash Network, marries the stored value debit card and its extensive debit network with the electronic payment and settlement connections of Payment Data Systems, Inc. to traditional billers. In the event a biller cannot accept electronic payments, Payment Data Systems allows for bill payment by unbanked consumers using its own check-writing capabilities.
The unique new bill payment functionality, which works equally well for all banked customers, will be added to Secure Cash Network's card products currently marketed under the brand name, "Secure Cash Payday" for employer payroll applications and "Pronto Banco" for retail applications. The new features added by the Payment Data Systems patent introduce capabilities for unbanked consumers using Secure Cash Network debit or ATM cards to pay bills, shop at millions of retail locations, access cash though ATMs and access and transfer funds internationally. Additional products will be developed to further meet the needs of employers, banked and unbanked consumers.
Initial target markets for the Secure Cash Network card, utilizing Payment Data Systems patented payment solutions technology include 3,000 retail/service outlets located in Texas and west into Southern California with broader and rapid expansion plans to follow.
Greg Bloh, President and CEO of Secure Cash Network said, "We are thrilled to be engaged with Payment Data Systems, Inc., a proven leader in the electronic payment industry. Adding the bill payment functionality to our existing brands supports our mission and brand development strategy to become the premier financial services solutions provider to the unbanked consumer market."
"The Convenience Store industry has become the trade channel of choice for unbanked consumers. Adding bill payment to our suite of card-based services will add additional value to consumers while creating a new profit opportunity for our retail partners," states Tony Muscarello, Executive Vice President of Secure Cash Network and former Chairman of the National Association of Convenience Stores Supplier Board.
About Payment Data Systems, Inc.
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).
Payment Data Systems' electronic payment processing solutions can be implemented more quickly and less expensively than alternative solutions because PDS allows for a full range of payment processing capabilities using a single, comprehensive storage retrieval system that allows for consolidated tracking and reporting of all payment types, regardless of source or channel. These service offerings include: one time and recurring ACH debits and credits, ACH lockbox and RCK 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.
For additional information, visit www.paymentdata.com . Investor information can be found at: www.otcfn.com/pyds .
About Secure Cash Network, Inc.
Secure Cash Network, Inc. is a Consumer Products and Financial Services company specializing in Stored-Value Debit/ATM products for unbanked consumers. Secure Cash Network, Inc. offers several pre-paid card products including Secure Cash Payday and Pronto Banco. These products are sold through retail channels or issued through employers as payroll cards. For additional information visit www.securecashnetwork.com .
Contact: Geoffrey Eiten, Investor Relations, OTC Financial Network, (781) 444-6100 ext. 613.
With the exception of historical information contained in this release, this release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.
SOURCE Payment Data Systems, Inc.
Geoffrey Eiten, Investor Relations of OTC Financial Network,
+1-781-444-6100, ext. 613, for Payment Data Systems, Inc.
http://www.paymentdata.com
John 
This board looks like it has the hiccups.
No posts for months, then a few blusters, etc., etc.
Oh well............
John
DID YOU KNOW THAT JMHOLLEN WAS A DIRECTOR OF ECONNECT?
John M. Hollen, EE
e ............ 1401 characters
Subject: Anthony @ Equity Investigations, Dear Anthony,
Posted On: Oct 31, 2003 10:59 PM
John Hollen is one of the worst lying SOB's I've ever seen.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=14929718
th ............ 132 characters
Subject:
Posted On: Oct 31, 2003 3:38 PM
John M. Hollen, EE
eConnect
Director of Corporate Alliances
Specific patent numbers will be forthcoming when I receive them, and have time to post that information.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=10328357
John M ............ 311 characters
Subject:
Posted On: Oct 31, 2003 2:11 PM
SO - you are not a professional engineer of any kind, not an EE or anything else?
"I have never eluded(sic) to being a Registered Professional Engineer, like my Dad."
It doesn't matter what your dad is sunshine, you are pretending to be a professi ............ 651 characters
Subject:
Posted On: Oct 30, 2003 12:10 PM
In addition, I serve as a Director for eConnect, initiating new relationships with companies who will be our worldwide partners in the same-as-cash PERFECT financial transfers business. Additionally, I support numerous stock threads to help get the ECNC- ............ 1174 characters
Subject:
Posted On: Oct 30, 2003 11:51 AM
John M. Hollen, EE
eConnect
Director of Corporate Alliances
http://ragingbull.lycos.com/mboard/boards.cgi?board=ECNT&read=579 ............ 133 characters
Subject:
Posted On: Oct 30, 2003 11:38 AM
LOL...
By: jmhollen
30 Jun 1999, 08:41 AM EDT Msg. 579 of 699100
(This msg. is a reply to 578 by moneywatch.)
Jump to msg. #
For your information, from Tom Hughes:
What we have Patented is the Utility and Methodology of "..PERFECT...".
............ 1444 characters
Subject:
Posted On: Oct 30, 2003 11:36 AM
Whatever happened to...
By: jmhollen
27 Jun 1999, 12:44 PM EDT Msg. 554 of 699100
(This msg. is a reply to 553 by jspender.)
Jump to msg. #
FYI:
So that everyone knows what my current situation is, I am still a consulting (electrical/contra ............ 1622 characters
Subject:
Posted On: Jul 13, 2003 11:07 PM
Peter, It seems some others have strong opinions about him...this is not recent but it illustrates the perception that he's a stock tout.
Posted by: CoolBreeze
In reply to: None Date:5/7/2001 12:02:56 AM
Post #of 67
Watch out for JOHN M HOLL ............ 1722 characters
Subject: THE GOLDEN LISTS
Posted On: Jul 13, 2003 10:59 PM
SO..is this poster wrong too?
Watch out for JOHN M HOLLEN!!!! He "specializes" in penny
stocks and promotes them everywhere!!!! Here is a rundown of just some of his "recommendations" and what has
happened to them:
Promoted ESWW at $2.00+ and ............ 1529 characters
Subject:
Posted On: Apr 29, 2003 10:49 PM
GenoMed Reaffirms Potential Utility of Sartans for SARS
Thank you jmhollen, oh lord, lord, thank you. First you brought me IVEH to protect me from the aids plague. Now, thanks to GMED, I am once again free to travel to Toronto and stick my nose a ............ 694 characters
Subject: THE GOLDEN LISTS
Posted On: Mar 31, 2003 8:18 PM
In electrical construction, you only hire a bonehead/thief once..!!
Subject: Rule 15c2-11; a better way - the intermediate private-sector
Date: 01/19/2000 7:41 PM
Obviously, the primarily responsible investing community has n ............ 1646 characters
Subject: Investment Chat Board Lawsuits
Posted On: Feb 26, 2003 5:40 PM
Yup, He used to post on Raging Bull as jmhollen, then as MonteCristoMan.
jmhollen posted on the ECNC board before that stock was halted for fraudulent press releases. He represented himself on the board as a Director of the company when in fact no ............ 6678 characters
Subject: THE GOLDEN LISTS
Posted On: Feb 24, 2003 1:15 PM
He used to post on Raging Bull as jmhollen, then as MonteCristoMan.
jmhollen posted on the ECNC board before that stock was halted for fraudulent press releases. He represented himself on the board as a Director of the company when in fact no such ............ 6673 characters
Subject: The Donkey's Inn
Posted On: Nov 11, 2002 9:52 PM
Failed Midterms
by John Nichols
from The Nation
George W. Bush may have lost the 2000 election, but he won the 2002 election--with a good deal of help from Democrats, who took a dream scenario and turned it into a political nightmare. Only in ............ 5263 characters
Subject: TXMC --- TIREX Corporation
Posted On: Oct 26, 2002 10:20 PM
OT: jmhollen, the insider
jmhollen claimed he was an insider director at ECNC. We all know what happened to that company 
He also told me he spoke directly to the CEO of TMOTQ and the CEO said they weren't bankrupt. They were bankrupt and had even ............ 2403 characters
Subject: NPCT (old SUNY)
Posted On: Oct 20, 2002 5:16 PM
OT: jmhollen here is director of ECNC?
Why did you post this hollen? Is it true? Have you seen the SEC lawsuit against the company and a major shareholder? Are you doing the same thing in this company? Promoting fraudulent press releases? It sure seem ............ 1893 characters
Subject: NPCT (old SUNY)
Posted On: Oct 18, 2002 9:36 PM
Thank you, heron! I will save those.
I love this one. He said he spoke to the ceo of tmot all the time also. He'd make up lies and say "the ceo told me they are not bankrupt and they're building bikes" when the doors were shut, they weren't building b ............ 1905 characters
Subject: NPCT (old SUNY)
Posted On: Oct 18, 2002 8:17 PM
OT: Who is jmhollen?
He used to post on Raging Bull as jmhollen, then as MonteCristoMan.
jmhollen posted on the ECNC board before that stock was halted for fraudulent press releases. He represented himself on the board as a Director of the company ............ 7174 characters
Subject: Gary Dobry Subpoenas 41 SI Aliases
Posted On: Jan 26, 2002 10:05 AM
John Hollen carried the TVSI/AREE hype baton for quite a while. Pacific Equity thought he was an insider on one of his hypes.
http://www.insidetruth.com/reports/report_ecnc.htm
"LFZA - $4.8MM cash in the door within 1.5 months...... "
th ............ 254 characters
Subject: LFZA - LaForza Automobiles, Inc (SUV's armored/non-armored)
Posted On: Oct 18, 2001 7:52 PM
Email received from HQ....:
Laforza Automobiles, Inc.
2181 Meyers Ave, Escondido, CA 92029
MEMORANDUM
From: Bob miller
To: John Hollen
Subj: Laforza
Date: 10.17.01
2003 Personal Security Vehicle “PSV”.
Laforza management has iden ............ 4576 characters
Subject: TXMC --- TIREX Corporation
Posted On: Oct 8, 2001 12:38 AM
I'm not too surprised by your description.
1) This started out as an equipment R&D company.
2) R&D, without a Hollen around, usually involves a lot of the Handy Man's Secret Weapon (..ha ha ha..).
3) The "..pro.." units were to be built by ............ 547 characters
Subject:
Posted On: Sep 4, 2001 1:06 AM
Preliminary September Stock Challenge Players:
CHES .012, THES .015, TMMI .08 Aduke
SGTI 7, WMED .35 Alexed
PAAT .027, DWLD .02, BWAY .04 bbgold
FOGC .40, CRVV .15 Cavan
RRIC .026, SAIL 1.03, TRIT .01 CIMA
QBID .037, MVEE .0003 Ferrgus
CISI .01 ............ 849 characters
Subject:
Posted On: Sep 4, 2001 12:20 AM
The August Monthly Stock Challenge Winners Are?
Gold for bbgold with PAAT Up 68.75%, Me? Silver for bbgold with DWLD Up 60%, not again. Bronze for John Hollen with LFZA Up 38.5%, Now we're talkin! Copper for Susie924, KINGTUNA and LORD ERNIE with PCBM ............ 1159 characters
Subject:
Posted On: Aug 31, 2001 10:18 PM
The Monthly Challenge List for August:
CHES .018, THES .02, TMMI .065 Aduke
SGTI 6, WMED .79 Alexed
PAAT .016, DWLD .0125, BWAY .088 bbgold
FOGC .50, CRVV .20 Cavan
DBDY .112, RRIC .081, SAIL 1.06 CIMA
QBID .03, MVEE .0003 Ferrgus
CISI .023, ARB ............ 988 characters
Subject: BMKS More internet acquisitions in 2000
Posted On: Jun 13, 2001 5:39 PM
John, some kinky stuff from RB
"ARCrocker, IMHO Hollen belongs in handcuffs...eom ' ............ 90 characters
Subject: Fast and Easy Money in Penny Stocks
Posted On: Mar 5, 2001 7:41 PM
SUPER JOHN HOLLEN... TXMC vol. looking strong! Pink sheets starting to churn too... PCBM was the first under $1 stock to churn $1 MILLION in trades in a long time I think...
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