PAYMENT DATA SYSTEMS, INC. (NASDAQ:PYDS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

PAYMENT DATA SYSTEMS, INC. (NASDAQ:PYDS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective on November 26, 2018, our Board of Directors approved an increase of the base salary of Tom Jewell, our Chief Financial Officer, to $220,000 per annum from $190,000 per annum.

Item 9.01Financial Statements and Exhibits.


PAYMENT DATA SYSTEMS INC Exhibit
EX-10.1 2 secondamendmenttoemploymen.htm EXHIBIT 10.1 Exhibit Second Amendment to Employment AgreementThis Second Amendment (“Second Amendment”),…
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About PAYMENT DATA SYSTEMS, INC. (NASDAQ:PYDS)

Payment Data Systems, Inc. is engaged in the business of processing electronic payments for other companies, including a range of automated clearing house (ACH) processing, credit, prepaid card and debit card-based processing. The Company is an integrated payment solutions provider offering a range of services to merchants, billers, banks, service bureaus, and card issuers. It operates through two operating entities: Payment Data Systems, Inc. and FiCentive, Inc. 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 through the ACH network. Its ACH processing services enable merchants or businesses to both disburse and collect funds electronically using e-checks to transfer funds instead of traditional paper checks. The Company provides prepaid card processing services for merchants and consumers through its subsidiary, FiCentive, Inc.

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