Partnership Establishes Foothold and Platform in New Vertical - Crypto Currency
SAN ANTONIO, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Payment Data Systems (PYDS), a tech enabled payment solutions provider, announced today that it had entered into a strategic partnership to provide its comprehensive card, ACH and other electronic payment services to Voyager Digital Holdings, LLC (“Voyager”), a New York based crypto-asset brokerage.
Vaden Landers, EVP and Chief Revenue Officer at Payment Data Systems, said, “We are excited that Voyager has chosen Payment Data Systems to power their various electronic payment transactions inside this new crypto wallet and exchange. It is a privilege to partner with the proven leaders behind Voyager, and we look forward to lending our payments expertise and tech stack to enhance the sophistication of not only the technology, but the entire customer experience. Our unique ability to offer a wide breadth of payment facilitation, from card, to ACH, to prepaid, offers Voyager and its clients both flexibility and extended capabilities that can make transactions within the crypto-asset trading framework seamless and transparent. With this agreement, we have successfully and strategically ported our expertise into the exciting and fast growing crypto markets, which we believe unlocks tremendous new growth potential.”
Stephen Ehrlich, CEO of Voyager, noted, “We believe this partnership is the first, fully integrated, ‘Trade-to-Pay’ solution in the crypto industry. We like that Payment Data Systems has multiple options we can implement today or phase-in over time on an as-needed basis. We are continually seeking innovative, strategic partners that offer contemporary solutions to augment the experience we provide our clients and value the breadth of their IT capabilities and commitment to supporting our high standards and customer requirements.”
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.
About Voyager Digital Holdings, LLC
Voyager Digital Holdings, LLC (Voyager) is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers investors best execution, data and custody services through its institutional-grade open architecture platform. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost efficient alternative for trading crypto-assets to the marketplace. Voyager is based in New York and is registered with FinCen. https://www.investvoyager.com
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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.