Agreement with DNI Corp extends penetration of target healthcare vertical and expands reach into utility, insurance and other bill pay verticals
SAN ANTONIO, Jan. 22, 2019 (GLOBE NEWSWIRE) — Payment Data Systems (NASDAQ: PYDS), a tech enabled payment solutions provider, announced today that it has signed a partnership agreement with DNI Corp, a Nashville, Tennessee based direct mail fulfillment and payment solutions company, representing continued expansion and penetration of targeted verticals, especially in healthcare and utilities.
Vaden Landers, EVP and Chief Revenue Officer at Payment Data Systems, said, “DNI, a provider of print, statement processing, and mail services, has built an impressive business around print and the delivery of paper bills. Selecting Payment Data Systems to power its EBPP (Electronic Bill Presentment & Payment) offering will allow DNI to enhance and accelerate their core bundled payment solutions offerings, providing customers with a ‘one-stop-shop’ for their comprehensive invoicing and payment collection needs. With their industry focus in healthcare, utility, insurance and other verticals characterized by recurring and largely laborious billing processes, DNI already has significant traction in attractive markets that we believe will find our solutions highly complementary and extremely valuable.”
Jono Huddleston, CEO of DNI noted, “We are continually striving to bring additional value in order to better serve our customers. That’s one reason we are excited to be adding the Payment Data Systems’ solution set to the already existing services we offer our clients. While our service offerings have included both electronic bill presentment and payment solutions to date, we are confident that the new partnership with PDS provides a stronger, more reliable technology platform and infrastructure required to scale and grow this segment of our business. DNI is excited to embark on this new relationship and we firmly believe the solutions Payment Data Systems offers will add a much greater degree of flexibility in how our customers accept payments and enhance cash flow.”
At the onset, DNI has plans to launch a series of utility providers on the new payments platform, in addition to one of the healthcare industries largest EHR (Electronic Health Records) providers.
In conclusion, Landers offered, “We are extremely excited about the DNI partnership and look forward to working alongside Jono and his team to deliver world class payment solutions across DNI’s growing list of satisfied customers.”
About DNI Corp.
Dating back to its company founding in 1984, DNI Corp has prided itself on “The Art of Delivery” by providing direct mail fulfillment and transactional communication solutions to clients across a range of industries, to include insurance, health care, utilities, transportation, and the public sector. The company is committed to offering bundled solutions across the direct mail and statement processing spectrum in order to support the efficiency and effectiveness of their clients’ communication, engagement, payment, activation, and acquisition initiatives. DNI Corp has been proud to call Nashville, Tennessee home since opening its doors and services to clients and customers across the United States and Canada.
Website: www.dnicorp.com
About Payment Data Systems, Inc.
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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