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Payment Data Systems’ Best-in-Class Payments Technology Expands With the Addition of New Electronic Health Records (EHR) and Practice Management Partner

Agreement with Sigmund Software extends penetration of targeted healthcare vertical

SAN ANTONIO, May 07, 2019 (GLOBE NEWSWIRE) -- Payment Data Systems (PYDS), a tech-enabled payment solutions provider, announced today that it had finalized a partnership agreement with Sigmund Software, and has integrated Payment Data’s technology in its industry-leading Electronic Health Records (EHR) platform. Sigmund represents continued expansion and penetration of the targeted healthcare and behavioral sciences verticals.

Vaden Landers, EVP and Chief Revenue Officer at Payment Data Systems, said, “We are pleased that Sigmund has chosen to integrate our best-in-class payments technology into their comprehensive mobile-enabled EHR software. This partnership leverages Payment Data Systems’ proprietary ‘Payfac-in-a-Box’ payment facilitation offering to penetrate the targeted healthcare and behavioral sciences verticals. This integration will allow Sigmund customers to more efficiently collect payments, effectively eliminating the need and dependency on archaic, manual and labor intensive processes. This partnership is of great value for both parties because of the breadth and scalability of our payment facilitation offering and its ease of use by the Sigmund customer base.”

Cory Valentine, VP of Business Development at Sigmund Software noted, “Integrating Payment Data Systems’ robust payment facilitation and electronic bill presentment and payment (EBPP) technology into our software enables our customers to enhance their revenue cycle management functionality. In addition, we feel this added technology serves to significantly improve the patient experience, offering the flexibility to more efficiently remit payment and settle outstanding balances. This is functionality that we have been seeking for some time, and are excited to implement in partnership with Payment Data Systems.”

About Sigmund Software

For fifteen years, Sigmund Software has partnered with various types of behavioral health and addiction treatment facilities, assisting in the management of patient treatment and care. Our goal is to provide quality for all - developing, distributing and supporting an enterprise Electronic Health Record software that is specifically generated for the behavioral health and addiction treatment communities. For more information, please find us at sigmundsoftware.com.

About Payment Data Systems, Inc.

Payment Data Systems, Inc. (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.

Websites: www.paymentdata.com, www.singularpayments.com, www.payfacinabox.com, www.akimbocard.com, and www.ficentive.com. Find us on Facebook® and Twitter.

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, 2018. 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.

Contacts
Investor Relations:
Joe Hassett
Gregory FCA
joeh@gregoryfca.com
484-686-6600