Payment Data Systems Changes its Corporate Name to Usio, Inc.

SAN ANTONIO, June 25, 2019 (GLOBE NEWSWIRE) -- Payment Data Systems (Nasdaq: PYDS), a tech-enabled payment solutions provider, today announced that the company has changed the name of the organization from "Payment Data Systems, Inc." to "Usio, Inc." In conjunction with the name change, the company will also change its common stock ticker from "PYDS" to "USIO." The new symbol will be effective on July 1, 2019, when the company is scheduled to ring the Nasdaq closing bell.

"The new name, Usio, represents the fusion of many products, many services, many incredible people and the infinite possibilities created through our innovative payments technology," said Matt Morris, Vice President of Marketing at Payment Data Systems. "Over the past several years, the evolution of our business into a leading FinTech platform has vastly accelerated. We now offer solutions covering processing needs from card issuing to merchant acquiring and operate interfaces ranging from mobile apps to application programming interfaces. This new brand identity will help better position the company and more effectively communicate our comprehensive, industry-leading value proposition to our numerous constituencies, including merchants, financial institutions, independent software vendors (ISVs), corporations and the investment community."

Senior Executives from the company, including Louis Hoch, CEO, Vaden Landers, CRO, Tom Jewell, CFO, Houston Frost, SVP of Prepaid Services, and Ken Keller, CTO, will highlight the name and ticker change by participating in Nasdaq's Closing Bell Ceremony on July 1, 2019 at 4:00 p.m. Eastern. Viewers can watch the opening ceremony via the Nasdaq Marketsite Webcam at https://new.livestream.com/nasdaq/live or on Facebook at http://Facebook.com/Nasdaq.

Additional coverage of the bell-ringing will be available on the Company's social media channels.

About Usio, Inc.
Usio, Inc., f/k/a 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.

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

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