PYDS | Payment Data Systems Is Money In The Bank

PYDS Stock, Payment Data Systems Business 101: Perform an offered service and get paid in full. It’s as simple as that and one Company that is doing it better in 2012 than in 2011 is Payment Data Systems Inc. (PYDS). Traders took an exceptional liking to the electronic payment processor on Friday when volume traded 10x the 3-month average pushing PYDS stock price to a new 52-week high. Perhaps someone finally decided to review the 10-Q filed six weeks ago and realize they increased revenues by nearly 100% for the three and six months ended June 30, 2012 compared to last year. Recession? Not according to their books.

Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!

PYDS stock, Payment Data Systems Inc. (PYDS)PYDS Stock Chart

Market Cap: 19.28M
Close: 0.14, up 0.03 (27.27%)
Volume: 405,323
Dollar Volume: $55,580
High: 0.159
Low: 0.12
Trades: 49
Average Trade Size: 8,271
Authorized: 200,000,000
Issued and Outstanding: 142,721,077

Looking for Hot Penny Stocks?
here and get Stock Alerts FREE

Actually, Friday, Payment Data Systems issued a PR detailing how Q3’s electronic check processing volumes were the highest in the history of the company. The Q3’s electronic check transaction volumes were up 224% and returned check transactions were up 25% as compared to Q2 of 2012. The percentage increases basically mean the Company is making money hand over fist.

For the first half of 2012, the Company booked $2,765,571 in revenues versus $1,553,620 for the first 6 months of 2011. The effect was net income for the first half of 2012 of $173,378 versus a net loss of $(382,498) fr the first half of 2011. With prepaid card issuance for the Q3 of 2012 coming in at the highest in the history of the company, a gain of 177% over Q2 of 2012, the Q3 numbers, when filed on or about November 14, 2012, are undoubtedly going to have an impact that will push PYDS to a new 52 week high.

Translation: Get Paid!

About PYDS Stock

Payment Data Systems Inc. provides integrated electronic payment processing services to merchants and businesses, including credit and debit card-based processing services and transaction processing via the Automated Clearing House network. The Company also operates an online payment processing service for consumers under the domain name through which consumers can pay anyone.

The Company offers MasterCard prepaid cards that can be branded with a corporate logo or message and used for various purposes including payroll, corporate incentives, employee incentives, and general use.  Depending on the established guidelines of the prepaid card program, which are individually designed to fit the corporation’s needs, the prepaid card may be reloadable or may be able to be used at Automatic Teller Machines to withdraw cash.

Click here to view the SEC filings for PYDS.

Bottom Line: PYDS is a penny stock to own and should see a surge in volume and PPS come mid November when the filings are released. There is not hot flashes, gold exploration, oil drilling or marketing awareness taking place to push PYDS stock price higher – it is simply a good company surrounded by a cesspit of pumps in a world of false disclaimer and promises. Translation: It’s a damn good company and should be on your list of penny stocks.

Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter

If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks

(We are 100% Anti-Spam and will never rent or sell your information)

Last updated by at .

  Recent Penny Stock News