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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: King David who wrote (20120)8/26/2003 7:04:14 AM
From: StocksMan  Read Replies (1) of 20297
 
Billserv name change

Billserv Inc. (OTCBB: BLLS), an electronic bill presentment and payment outsourcing company, is changing its name to Payment Data Systems Inc. (PDS).

Earlier this year, Atlanta-based CyberStarts Inc., a leading financial services technology holding company, signed a letter of intent to acquire certain assets of San Antonio-based Billserv Inc. for $4.8 million.

The name change transaction, which was approved by a majority of shareholders late last month, is part of the company's transition into an integrated payments services provider. The shareholders also approved a change in the company's stock trading symbol to OTCBB: PYDS.

"The name change defines our focus of building a new market presence to include both multi-channel payments and ISO (credit card payment) operations," says Michael Long, chairman and CEO of PDS.

Louis Hoch, president and chief operating officer of PDS, says "The multichannel payments strategy allows us to take advantage of our expertise in the outsourced processing of high-volume electronic payments received from the Web, as well as providing expanded channels such as integrated voice response, accounts receivable, and points-of-sale conversion. . ."

bizjournals.com
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