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I think the questions that the gentlemen from the investment firms posed on the conference call and the answers provided by Louis Hoch and Vaden Landers convinced an influx of buyers that USIO is well positioned to grow revenue and be successful in this pandemic because of our technology with little retail exposure, many recent new deals and the growth of telemedicine. I believe that new buyers have finally seen how under-valued we are and the growth potential of USIO especially in this pandemic which has halted most businesses in their tracks. Let the volume continue! Good luck and good health to all!
That is true that our PYDS is now Usio, but unfortunately when unknowing people google Usio one of the first news items that come up is the other Usio which was delisted. Hopefully, new investors investigate. I think we need some positive press to counteract any negativity this former Usio created. Good luck to all!
Usio ceases trading: What you need to know
What's happening?
Ofgem, the energy regulator, has appointed First Utility to support Usio’s customers after the company ceased trading earlier this week.
This comes up when you do google search- I am sure it does not help!!!!
Very Interesting Article about PYDS
By Kristen Mosbrucker
– Reporter, San Antonio Business Journal
7 hours ago
San Antonio-based Payment Data Systems Inc. plans to scale its proprietary technology and is focused on software developers adopting its tools.
The software — called Pay-Fac, which is short for payment facilitator — is a payment processing tool for businesses. It enables businesses to open merchant accounts and accept automated clearing house payments and credit cards online. Payment Data Systems then charges a flat fee for the amount processed.
"It is the largest driver for top-line revenue growth for 2019 and the foreseeable future," Vaden Landers, Payment Data Systems' chief revenue officer, told the Business Journal. "Our target customer is a software or app developer who has a piece of technology that needs to accept payments to downstream users."
Payment Data Systems (Nasdaq: PYDS) is a competitor of San Francisco-based Stripe, which sells access to its application program interface, or API, for developers to accept payments online. It has been in the electronic bill pay business since the late 1990s and sees opportunity to capture some of Stripe's market share.
Payment Data Systems inked deals with two real estate industry customers recently: Ohio-based TenantMagic, which sells property management software, and Bellevue, Washington-based PropVIVO, which sells homeowners association management systems. The company also sees opportunity in health care, insurance and even nonprofits for soliciting donations.
Currently, the company is able to process payments for U.S.-based businesses that receive foreign currency, but not international companies. In the coming year, plans include making the business more of a worldwide competitor.
"Right now we are working on expanding our capabilities to do some international" payment processing, Landers said.
Payment Data had processed more than $3.4 billion in transactions on behalf of businesses as of September 2018, up from $2.8 billion in 2017, according to an investor presentation in October 2018. Its stock was trading at about $1.87 per share on midday Jan. 9, down from its 52-week-peak of $2.50 per share in January 2018.
Stephen Ehrlich(CEO of Voyager) is also cofounder of Uber. PYDS is partnering with an innovative and potentially very profitable
crypto-currency broker focusing on institutions. Very interesting and exciting that PYDS was chosen by Voyager. Good luck to all in 2019!
Yea, we agree. Thanks for your input and welcome back!
Ripe for a take-over?? Any thoughts?
Company to Report All-Time Record Quarterly Revenues in the Third Quarter of 2018 for Q3 -
Payment Data Systems (NASDAQ: PYDS), an integrated electronic payment solutions provider, today announced record transaction processing volumes for the third quarter of 2018.
Third Quarter 2018 Processing Results
Q3 FY 18 v Q3 FY 17
CARD PROCESSING
Credit Card Dollars Processed + 112%
Credit Card Transactions Processed + 109%
ACH
Electronic check transaction volumes + 28%
Returned check transaction processed + 34%
Total dollars processed in the third quarter of 2018 was approximately $885 million, the highest quarterly volume in the history of the company.
“We continue to execute on our plans to grow both organically as well as through acquisitions. Based on volumes processed, revenues for the third quarter are expected to be an all-time record,” said Louis Hoch, President and CEO. “I am also pleased that our ACH business recorded its fifth quarter of sequential growth in electronic check processing volumes. We are proactively investing the positive cash flow generated by the ACH business into our future growth businesses: prepaid card processing and integrated payments. We are very well positioned to achieve record transaction volumes for the year.”
The company will announce earnings and issue its 10Q report on or before November 14, 2018.
Unbelievable trading volume and upward spike of 80% today! over 21 million shares traded, more than the 13 million outstanding shares. This action bodes very well for PYDS since the multitude of new buyers will hold hoping to make a profit as the company continues to grow and report higher revenues. Good luck to all Longs!
PYDS got a great deal then! They negociated a better deal for their shareholders and now PYDS is a stronger company with a lot more customers, and potential revenue. Singular Payments is no longer a small company losing money! It's a win, win for all sides! Good luck to all current shareholders!
The top three percentage gainers on the Nasdaq:
** Payment Data Systems Inc, up 35.8 pct at $2.21
** Shoe Carnival Inc, up 21 pct at $19.87
** Impax Laboratories Inc, up 20.6 pct at $21.65
PYDS was the #1 gainer on NASDAQ today! Way to go PYDS team! Institutional ownership is what we need. Record volume today and it even went up at the close when stock usually retreats! Great Day for longs!
DALLAS, TX / ACCESSWIRE / August 30, 2017 /Stonegate Capital Partners initiates coverage on Payment Data Systems, Inc. (NASDAQ:PYDS):
COMPANY DESCRIPTION
Payment Data Systems, Inc. (NASDAQ:PYDS), together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The Company offers various types of automated clearing house (ACH) processing, and credit, prepaid card, and debit card-based processing services. The Company also offers merchant account services for the processing of card-based transactions through the VISA, MasterCard, American Express, Discover, and JCB networks, including online terminal services accessed through a website or retail services, accessed through a physical terminal. Furthermore, the Company creates, manages, and processes prepaid card programs for corporate clients to issue prepaid cards to their customer base or employees and also issues general purpose, reloadable cards to consumers as an alternative to a traditional bank account. Payment Data Systems, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.
SUMMARY
Payment Data Systems is using the cash flow from its core ACH, credit card and debit card processing business to invest in new business opportunities. With a solid balance sheet and positive cash flow, the Company is investing for the long-term, and hopes to continue its growth by:
Operating in niche verticals where it can be a leader in ACH and credit card payment processing
Focusing on delivering a better customer experience compared to larger competitors by offering its customers leading technology platforms and customization. As an example, Payment Data Systems states that it was the first prepaid card integrated with Apple Pay
Enabling organic growth through continued use of its indirect sales model to drive revenue growth
Using its cash flow to fund growth initiatives such as continuously innovating its merchant processing platform
Expanding its ACH banking relationships
Increasing the brand awareness of its Akimbo platform
Supplementing its organic growth by targeting acquisitions of credit card processing portfolios that can provide immediate cash flow
Acquiring companies that have complementary products and services such as the March 2017 announced acquisition of Singular Payments; Singular Payments processed $440M in payments and processed 2.5M transactions in 2016. Should the acquisition close, Payment Data Systems should increase its processed payments by about 15% and its processed transactions by about 20%
Continuing to rely on its balance sheet that shows no debt and has a clean capital structure
We employ a comparison analysis using a Price/Sales framework. The details are on page 5. We have not modeled the pending acquisition of Singular Payments and as such, should the acquisition close, this event would represent upside to our forecast. We note that the Company issued a press release 8/28/17 stating that the transaction is set to close 9/1/17, giving us additional confidence that the acquisition will likely come to fruition in the near-term.
The full report can be accessed by clicking on the following link:
http://stonegateinc.com/reports/PYDS_Initiation_AUG_2017.pdf
About Stonegate Capital Partners
Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high quality investment opportunities.
SOURCE:Stonegate Capital Partners
Pyds-your thoughts about todays volume
There were approx.2,000 trades today, over $9 million in volume representing about 38% of the 11.8 million outstanding shares, there were only 94 shareholders as of 3/15/17 according to the annual report just filed. Somebody knows something good is going on and our company is seriously undervalued. Maybe some institutions also bought in today. Glad we bought a bunch last week under 1.30 to add to our portfolio. Good luck to all longs!
It is his money, let him do as he pleases!
My question is this: The company now has a buy-back program in place for up to $1,000,000. They said they can obtain shares from public or private transactions. Would it not be in the best interest of the company to purchase the shares from Louis Hoch directly? I do not know all the rules involved for such a deal, but it seems to make sense to us. Any thoughts?
Looking to buy back to replace what we took off the table. We still have a sizable position and confident it will continue to grow!
out at $3.50 - $2.00 looks good for re-entry need a week or so to avoid a wash sale! Hoping it stays low!!
over 5 million spent by someone investing in this company! Interesting!
Agreed! I live in Las Vegas and attended the Aegis Growth Conference at the Encore at Wynn. After their presentation, they had a question and answer period. I asked when the 40 million in loss carry-over from Billserv days start to expire, Habib Yunnis and Houston Frost said they start to expire next year. After doing
some research ( Please correct me if I am wrong!) if a BIG company should acquire Payment Data Systems they could use the write- off of the 40 million loss carry-over before it expires. I would think that would raise the price of the sale to around 55 to 65 million or $5.00 to $5.50 per share. However, this makes the sale a time sensitive issue.
Any thoughts??
Foto gift cards, What a great idea for teens and young adults who love selfies! A unique and personalized approach to gift giving; it's always the right size and is sure to please! Our stock has been slowly rising with the 4th quarter coming in 2 weeks. I think we will break $2.00 soon! Good luck to all longs!
Something good going on, time will tell!
Hopefully, just portfolios and not more employees!
In his conference call, Louis Hoch said the new bank would be online and operational in 60 days, so they expect the 4th quarter of this year (seasonally their best quarter) to have improving revenues, especially from their ACH business. He also said they were ramping up their sales efforts, technology and trade shows. I don't think we'll have to wait a year for improving revenues!
We feel the same way about Michael Long. Our faith in him kept us on course since 1999. However, we do believe he will still play an active part in PYDS as Chairman of the Board and a 25% plus owner of the company. He'll finally be enjoying some well deserved time off while saving PYDS a half million or so in his salary, benefits and bonuses. We wish him the best!
You're right about that. He was a great leader! We'll miss him, but wish him a well-deserved and happy and healthy retirement. Maybe we'll all get our pay day if Preston Todd Advisors find the right buyer!
Thanks for the interesting article! They're really trying to get the word out that PYDS would be an attractive buy-out target and one of the few good ones left in the mobile payments space. We also dollar cost averaged when it was falling like a rock toward $1, scaring investors into selling or robbing investors' at their low stop-loss orders. Interesting times ahead! Good luck to all long-term investors!
Anyone hear if Payment Data Systems (PYDS) is in play?
Wrong info. We've been shareholders since 1999 and can say there NEVER was a bankruptcy for PYDS. Good Luck to all long-term shareholders!
This was 7-8 times the best day they ever had in PYDS history.
maybe buyout soon! JUST GUESSING! THOUGHTS ANYONE!
what the heck happened today??? Anyone!
Thomson Reuters/Verus upgrades PAYMENT DATA SYSTEMS INC from HOLD to BUY.
BY Investars Analyst Actions - public
— 6:20 PM ET 07/21/2016
On July 21, 2016 Thomson Reuters/Verus upgraded PAYMENT DATA SYSTEMS INC ( PYDS
Thomson Reuters/Verus upgrades PAYMENT DATA SYSTEMS INC from HOLD to BUY.
BY Investars Analyst Actions - public
— 6:20 PM ET 07/21/2016
On July 21, 2016 Thomson Reuters/Verus upgraded PAYMENT DATA SYSTEMS INC ( PYDS
Houston Frost continues to buy another 1200 shares today!
Great sign of confidence in PYDS. Houston Frost bought over 12,000 shares costing more than $17,000. It's a buying opportunity!
INSIDER BUYING!
Frost Houston
SAN ANTONIO TX 78215
2. Issuer Name and Ticker or Trading Symbol
PAYMENT DATA SYSTEMS INC [PYDS] 5. Relationship of Reporting Person)
Director 10% Owner
Officer
Senior Vice President
Date of Earliest Transaction (Month/Day/Year)
06/08/2016
Table I - Non-Derivative Securities Acquired
Common Stock 06/08/2016 P 100 A $ 1.5975 266,767 D
Common Stock 06/08/2016 P 500 A $ 1.6299 267,267 D
Common Stock 06/08/2016 P 50 A $ 1.59 267,317 D
Common Stock 06/09/2016 P 1,000 A $ 1.4999 268,317 D
Common Stock 06/09/2016 P 800 A $ 1.4799 269,117 D
Common Stock 06/09/2016 P 1,300 A $ 1.47 270,417 D
Common Stock 06/09/2016 P 2,400 A $ 1.4795 272,817
Asp, if you go to the shareholders' meeting tomorrow. I'd appreciate your posting a short summary of it on the board when you return. Sorry, I can't make it this year. Hopefully next year, Thanks, Your friend
Asp, if you go to the shareholders' meeting tomorrow. I'd appreciate your posting a short summary of it on the board when you return. Sorry, I can't make it this year. Hopefully next year, Thanks, Your friend
From Baystreet-
The Mobile Payments Industry Is Seeing Consolidation, Could Payment Data Systems Be Next?
Payment Data Systems Inc. (NASDAQ: PYDS) is a San Antonio, Texas processor of electronic payments for other companies. PYDS generates revenue across the payment processing value chain. The company has seen substantial increase in its transactions processed per year in the last five years. PYDS also has partnerships with some of the biggest names in Corporate America. PYDS is an emerging player in the fast growing mobile payments industry. The mobile payments industry and the payments industry in general have seen significant consolidation in the last three years. Despite being an attractive takeover target, PYDS currently has a market capitalization of just above $21 million. However, this significant undervaluation also represents an opportunity for value investors.
Consolidation In The Payments Industry
Mobile payments is the fastest growing area within the payments industry. According to Taiwan-based research firm TrendForce, consumers globally will use their mobile phones to spend a total of $620 billion on mobile transactions in 2016, which would represent a year-over-year increase of 37.8%. In 2015, mobile transactions totaled $450 billion. More important by 2019, this figure is expected to cross $1 trillion mark.
The growth in mobile transactions does not come as a surprise though. It is primary being driven by the increasing of smartphones and tablets. And remember that smartphone penetration in some of the biggest economies in the world such as India is still relatively low. So there is room for growth for the mobile payments industry.
It is not surprising then the industry is seeing consolidation. Indeed, even global payment processing companies Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) have taken note of the phenomenal growth in the mobile payments industry.
2015 saw several acquisitions in the mobile payments industry and the broader payments industry. Samsung acquired LoopPay in February 2015. LoopPay is a provider of mobile wallet solutions. According to Re/code, Samsung paid $250 million to acquire LoopPay.
Paypal Holdings Inc. (NASDAQ: PYPL) acquired Paydiant, which serves as the back-end of the technology that provides sellers their own personal mobile payment options under their own brands. PayPal reportedly paid $280 million for Paydiant.
Global Payments Inc. (NYSE: GPN) announced the acquisition of Realex Payments, one of the largest and the fastest growing payment gateways in Europe. GPN paid $125 million for Realex Payments.
What Makes Payment Data Systems An Attractive Takeover Target?
Apart from the phenomenal growth being seen in the mobile payments industry, what makes Payment Data Systems an attractive takeover target is the company’s own impressive growth over the past five years and a clean balance sheet.
In 2011, Payment Data Systems processed just 4.3 million transactions. By 2015, the number of transactions processed by the company has growth more than three times. In 2015, the company processed a total of 14.3 million transactions. Between 2011 and 2015, PYDS has registered a CAGR of 35%.
In dollar terms, the growth has been even more impressive. In 2011, PYDS processed $204 million. In 2015, the company processed $3.3 billion. PYDS registered CAGR of 101%.
This growth has been primarily driven by PYDS’ successful partnerships. PYDS’ premier partnerships and clients include Fifth Third Bank, Wells Fargo, Eli Lilly, Merck & Co., Merrick Bank and Pfizer Inc. among others.
For the fiscal year 2015, PYDS reported revenue of $14.4 million, up 7.4% on a year-over-year basis. The company’s gross margins also improved in 2015 from 31.2% to 34.5%. PYDS’ adjusted EBITDA for 2015 was $2.9 million. The company’s net income for the quarter was $1 million, or $0.08 per share.
At the time of the release of the 2015 results, Michael Long, Chairman and CEO, Payment Data Systems, said that the company’s focus on innovation and delivery of world-class payments processing technology for its customers drove record revenues and results across all key operating metrics in 2015.
PYDS has certainly placed a great deal of emphasis on innovation and improving its offerings. Recently, the company announced the launch of Kind Hand, a giving and registration management solution for churches and charitable organizations built on Spark Development Network’s Rock RMS open source system. Churches and charitable organizations represent a key market for PYDS, according to Louis Hoch, President and COO at Payment Data Systems.
Earlier this year, PYDS had announced that it now supports Apple Inc.’s (NASDAQ: AAPL) Apple Pay(TM) on the Akimbo Prepaid MasterCard(R). The Akimbo Card is one of the first consumer prepaid cards to support Apple Pay.
To add to the robust growth, PYDS also has a very strong balance sheet, which is rare for emerging companies.
Valuation Anomaly
Despite making significant progress and registering robust growth in the last five years, PYDS is significantly undervalued. PYDS currently has a market capitalization of almost $21.80 million. Based on the 2015 revenue, PYDS currently trades at just 1.5x sales. For an emerging company in a fast growing industry, a multiple of 1.5x is not justified. According to data from Stern, the Green & Renewable Energy industry, which is another fast growing industry, has an average price to sales ratio of 4.06x sales. The Stern data shows that Internet stocks trade at almost 7x sales. If similar multiple was applied to PYDS, the company’s market capitalization would come to between $60 million and $100 million. Even then the stock would be significantly undervalued, considering that some of the acquisitions made in the mobile payment space have been well above $200 million. The valuation anomaly though makes PYDS is a very attractive proposition for value investors.
Nevada District Court
Judge: Gloria M Navarro
Referred: Peggy A Leen
Case #: 2:15-cv-01221
Nature of Suit 160 Contract - Stockholders? Suits
Cause 28:1332 Diversity-Breach of Fiduciary Duty
Case Filed: Jun 26, 2015
Terminated: Apr 05, 2016
Docket
Parties (7)
Docket as of: Tuesday Apr 12, 2016 12:17 AM PDT
Tuesday, April 05, 2016
40 order Order on Motion to Dismiss Tue 8:23 AM
ORDER that21 and34 Motions to Dismiss are GRANTED. Plaintiff's Complaint is DISMISSED WITHOUT PREJUDICE. The Clerk shall enter judgment accordingly and close the case. Signed by Chief Judge Gloria M. Navarro on 4/5/16. (Copies have been distributed pursuant to the NEF - MMM)
We also thought it was strange, but very interesting that a payroll and software similar type company would take such a great stake (almost 6%)in us. It they were even considering buying us out, they would want such an investment at bargain prices. Time will tell. Good luck to all optimists! As they say, it always seems darkest before the dawn.