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SAN ANTONIO, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Payment Data Systems (NASDAQ: PYDS), a tech enabled payment solutions provider, announced today that it has signed a partnership agreement with DNI Corp, a Nashville, Tennessee based direct mail fulfillment and payment solutions company, representing continued expansion and penetration of targeted verticals, especially in healthcare and utilities.
Vaden Landers, EVP and Chief Revenue Officer at Payment Data Systems, said, “DNI, a provider of print, statement processing, and mail services, has built an impressive business around print and the delivery of paper bills. Selecting Payment Data Systems to power its EBPP (Electronic Bill Presentment & Payment) offering will allow DNI to enhance and accelerate their core bundled payment solutions offerings, providing customers with a ‘one-stop-shop’ for their comprehensive invoicing and payment collection needs. With their industry focus in healthcare, utility, insurance and other verticals characterized by recurring and largely laborious billing processes, DNI already has significant traction in attractive markets that we believe will find our solutions highly complementary and extremely valuable.”
Jono Huddleston, CEO of DNI noted, “We are continually striving to bring additional value in order to better serve our customers. That’s one reason we are excited to be adding the Payment Data Systems’ solution set to the already existing services we offer our clients. While our service offerings have included both electronic bill presentment and payment solutions to date, we are confident that the new partnership with PDS provides a stronger, more reliable technology platform and infrastructure required to scale and grow this segment of our business. DNI is excited to embark on this new relationship and we firmly believe the solutions Payment Data Systems offers will add a much greater degree of flexibility in how our customers accept payments and enhance cash flow.”
At the onset, DNI has plans to launch a series of utility providers on the new payments platform, in addition to one of the healthcare industries largest EHR (Electronic Health Records) providers.
In conclusion, Landers offered, “We are extremely excited about the DNI partnership and look forward to working alongside Jono and his team to deliver world class payment solutions across DNI’s growing list of satisfied customers.”
About DNI Corp.
Dating back to its company founding in 1984, DNI Corp has prided itself on “The Art of Delivery” by providing direct mail fulfillment and transactional communication solutions to clients across a range of industries, to include insurance, health care, utilities, transportation, and the public sector. The company is committed to offering bundled solutions across the direct mail and statement processing spectrum in order to support the efficiency and effectiveness of their clients’ communication, engagement, payment, activation, and acquisition initiatives. DNI Corp has been proud to call Nashville, Tennessee home since opening its doors and services to clients and customers across the United States and Canada.
About Payment Data Systems, Inc.
Payment Data Systems, Inc. (Nasdaq: PYDS), a leading integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Payment Data Systems is headquartered in San Antonio, Texas, and has offices in Franklin, Tennessee, just outside of Nashville.
Forward-Looking Statements Disclaimer
Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as "believe," "intend," "look forward," "anticipate," "schedule," and "expect" among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company's business that could cause actual results to vary, including such risks related to the realization of the anticipated opportunities from the Singular acquisition, the management of the Company's growth, the loss of key resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of our stock price, the need to obtain additional financing, risks associated with new tax legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2017. One or more of these factors have affected, and in the future, could affect our businesses and financial results in the future and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law.