CORRECTION: TalkingStocks.com Interview with Michael Long of Payment Data Systems, Inc.


DALLAS, Aug. 30, 2004 (PRIMEZONE) -- John Pentony, Publisher of TalkingStocks.com, announced today that the web site has released a new interview with Michael Long, Chairman & CEO of Payment Data Systems, Inc. (OTCBB:PYDS). In the interview Mr. Long discusses the company, its products and recent news with the company.

This is a correction to our earlier release. In our earlier release, we incorrectly stated the name of the company. This release corrects that error.

To listen to the interview, interested parties should visit http://www.talkingstocks.com

About Payment Data Systems, Inc.

Payment Data Systems, Inc. is an Integrated Payments Solution Provider delivering comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response (IVR).

Additional products available from PDS include services and products that can be implemented more quickly and less expensively than the alternative of adding multiple payments companies as these solutions offer a full range of payment processing capabilities. These service offerings include: one time and recurring ACH debits and credits, electronic lockbox and returned check services, Web pay acceptance of credit cards and checks, telephone pay to Customer Service Representatives for acceptance of credit cards and checks, Interactive Voice Response systems which completely automate the payment receiving process, and data warehousing that enable the storage and retrieval of all payment history from one location.

Payment Data is the owner of the electronic bill payment portal, http://www.bills.com . Bills.com has the ability to transmit electronic payments to thousands of national billers.

About TalkingStocks.com

TalkingStocks.com offers interviews with key executives from publicly traded company. TalkingStocks.com is owned by TalkingStocks.com LLC and is affiliated with StockGuru.com, one of the nation's top internet destinations for small cap stock information. Our services include executive interviews, company profiles, investor calls and live webcasts. To feature your company, please call John Pentony, our Publisher at (972) 731-8621 or email john@talkingstocks.com.

Disclosure: TalkingStocks.com LLC has not been directly compensated for this interview or this release. StockGuru.com has been compensated for Profile coverage. Details are available at StockGuru.com.

FORWARD-LOOKING STATEMENTS DISCLAIMER

Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. Those statements include, but may not be limited to, all statements regarding our and management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward- looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect, our businesses and financial results in the future and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward- looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law.



            

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