Payment Data Systems Announces Partnership Agreement With Spark Development Network for Church Payment Processing Services

SAN ANTONIO, TX, Feb. 29, 2016 -- Payment Data Systems (NASDAQ:PYDS) today announced an agreement with Spark Development Network, the creator of Rock RMS, for payment processing services. Rock RMS, an open source Relationship Management System built for churches and businesses, provides feature-rich, innovative tech solutions that power internal ministry sites and user portals, manage external church websites, and manage all aspects of ministry data and record-keeping. Payment Data Systems will be a premiere provider of processing services for Rock RMS’s installed base and future church and other customers.

“Payment Data Systems is deeply committed to delivering the highest value and most reliable payment processing services available for church communities and religious ministries, and our new partnership with Rock RMS emphasizes the importance of religious non-profits to our well-established ACH, credit card, and debit/check card only payment processing platforms,” said Louis Hoch, President & COO of Payment Data Systems. “Rock RMS is a content management system (CMS), relationship management system (RMS) and church management system (ChMS) all rolled into one platform. The Rock RMS technology supersedes all other solutions available for giving and tithing management, and we are excited to offer immediate conversion to this world-class secure solution to all of our 500+ church customers. We look forward to a mutually beneficial relationship with Rock RMS including potential opportunities for co-branding and other marketing innovations in the future.”

Payment Data Systems will also be providing services to convert churches from existing church management platforms to Rock RMS.

As a premier partner to Rock RMS, Payment Data Systems provides payment processing services through the Rock RMS module supporting giving, tithing and donations. Payment Data Systems’ technology is embedded into the standard offering for Rock RMS web and mobile applications and available to all Rock RMS users. Payment Data offers multiple payment processing solutions for church member communities including credit, ACH, debit, check and prepaid card processing, as well as a hosted payment page that utilizes tokenization for Rock RMS users that are not PCI compliant. Payment Data also offers an innovative solution that restricts giving to non-credit card based methods by only allowing  ACH, debit, check and prepaid cards.

Jon Edmiston, Executive Director of Rock RMS, stated, “We are thrilled to have Payment Data Systems as a premiere payment processing partner. For over ten years, their commitment to churches and ministries has led to many strong relationships and customized, innovative solutions that support non-profit payment platforms. We are excited about PDS’s unique secure payment processing technology with the multiple ways their platform can support Rock RMS’s plans for growth.”

About Rock RMS
Rock RMS is a project of the Spark Development Network, an official 501(c)(3) non-profit organization that promotes collaboration, innovation and openness for church technology.  For more information, visit www.rockrms.com and www.sparkdevnetwork.com.

About Payment Data Systems, Inc.
Payment Data Systems (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 service 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 is headquartered in San Antonio, Texas, and has offices in New York, New York; Long Beach, California; and San Francisco, California. 

For additional information please visit www.paymentdata.com. Websites: www.streamprepaid.com, www.akimbocard.com, www.ficentive.com, www.paymentdata.com. Find us on Facebook®

FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. Those statements include, but may not be limited to, all statements regarding our and management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. 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.

Investor Contact:

Julie MacMedan 
Elizabeth Brossy 
Financial Profiles
[email protected]