– USA, TX – Payment Data Systems (OTCBB:PYDS), an integrated electronic payments solutions provider, Board of Directors announced today that it has unanimously appointed two new outside directors to its Board. The appointments fulfill one of the requirements for our anticipated Nasdaq Listing by creating a five member board with two inside directors and three outside directors. Dr. Peter G. Kirby will continue as our senior and long-serving outside director and also executed an independent director’s agreement.
The two appointments are Mr. Miguel Chapa and Mr. Kirk Taylor.
Mr. Chapa completed his education with a BA degree in Finance in 1998 from Monterrey Institute of Technology and Higher Education. During the past 17 years Mr. Chapa has focused primarily on building a highly successful entrepreneurial career. His skills of business planning, financial analysis, strategic planning, management, and negotiations has led him, as CEO, to build successful companies in the entertainment, service and food industry.
Mr. Taylor has over 20 years of business experience focused on management and accounting/finance. Mr. Taylor serves as Chief Operating Officer, Executive Vice President, Corporate Secretary, Treasurer, and as a member of the Board of Directors of Alamo Concrete Products Company and Alamo Transit Company. These companies are one of the largest ready mix concrete producers in the United States, with significant vertically integrated crushed stone, sand, gravel, and logistics operations. Additionally, he serves as Executive Vice President, Corporate Secretary, and Treasurer for Alamo Cement Company, which manufactures and sells cement. Mr. Taylor joined the Alamo group of companies in November 2004 as the Controller and has held various managerial and executive positions, becoming the Corporate Assistant Secretary and Assistant Treasurer in May 2008 prior to reaching his current positions in May 2014. Prior to November 2004, Mr. Taylor served as the Corporate Controller at the largest grocery chain in south Texas and Mexico. He also served as the Controller at Billserv (the predecessor entity to Payment Data Systems, Inc.) from March 2000 to June 2001.
Mr. Taylor, a Certified Public Accountant, began his career in public accounting with the accounting firms of Price Waterhouse LLP and Ernst & Young LLP, with the last position held being Audit Manager-Entrepreneurial Services. His clients included SEC registrants and privately owned companies in the Communications, Technology, Retail and Manufacturing industries. Mr. Taylor holds a Bachelor of Business Administration Degree in Accounting from the University of Texas in San Antonio.
Mr. Taylor is expected to be named as Chairman of our Audit Committee.
Michael Long, Chairman and CEO, said, “The Board of Directors is very pleased to add these appointees. They bring unique and diverse perspectives and experiences to our Board and will be extremely helpful as we continue our growth and expansion.”
About Payment Data Systems, Inc.
Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments.
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