Payment Data Systems, Inc. Joins Green Dot Financial Network - Adds Tens Of Thousands Of Load Locations

Payment Data Systems, Inc. (OTC BB: PYDS), an integrated electronic payments solutions provider, announced today that it has reached an agreement with Green Dot Corporation enabling stored value cards issued through Payment Data Systems, Inc. to be loaded at Green Dot Financial Network retail locations.

Payment Data Systems, Inc. cards can now be loaded at major retail partners including: Rite Aid, CVS Pharmacy, RadioShack, Walgreens, Food Lion, Hess, Kum & Go, Pantry, Cumberland Farms, plus other retailers nationwide. Louis Hoch, President and COO of Payment Data Systems, Inc. said, "We are very pleased to become part of this large and rapidly growing cash acceptance network. With leading national retailers serving as cash acceptance locations we can now provide our card consumers maximum convenience and value."

Green Dot Corporation owns and operates the Green Dot Financial Network, one of America's largest retail-based cash acceptance networks, specially designed for the reloading of prepaid debit cards with tens of thousands of major name retail locations. The Green Dot Financial Network empowers consumers across the country to reload any prepaid card from any issuer that is a member of the Green Dot network. With tens of thousands of locations and growing in all fifty states, Green Dot brings unparalleled convenience and value to all prepaid cardholders -- while making the prepaid market more viable and robust for the entire prepaid debit card industry.

About Payment Data Systems, Inc.
Payment Data Systems is an integrated payment solutions provider to merchants and billers. We provide an extensive set of tailored products to deliver world-class payment acceptance, processing, and risk/fraud management. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers.

Payment Data is the owner of the electronic bill payment portal, www.billx.com, which has the ability to transmit payments to thousands of national billers.

To learn more about Payment Data's retail stored value and gift cards see www.carmencard.com or www.electragift.com.

Payment Data's intellectual property includes U.S. Patent Number 7,021,530 that relates to bill payments made with debit, prepaid and stored value cards. For additional information, visit www.paymentdata.com.