Payment Data Systems Inc (PYDS) Files Form 4 Insider Buying : Houston Korth Frost Buys 6,000 Shares

Payment Data Systems Inc (PYDS): Houston Korth Frost , Senior Vice President of Payment Data Systems Inc purchased 6,000 shares on Jun 10, 2016. The Insider buying transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.43 per share for a total value of $8,739.28 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 9, 2016, Houston Korth Frost (Senior Vice President) purchased 6,150 shares at $1.53 per share price.On May 27, 2016, Louis A Hoch (President and COO) sold 400 shares at $1.84 per share price.Also, On May 11, 2015, Kenneth Wayne Keller (Senior VP, CTO) sold 20,000 shares at $0.12 per share price.

Payment Data Systems Inc. is a processor of electronic payments for other companies. The Company operates in the United States under two operating segments: Payment Data Systems and FiCentive Inc. Payment Data Systems Inc. provides integrated electronic payment processing services to merchants and businesses including all types of Automated Clearing House (ACH) processing credit prepaid card and debit card-based processing services. It also operates an online payment processing service under the domain name system which allows consumers to process online payments to pay any other individual including family and friends. The Company provides prepaid card processing services for merchants and consumers through its wholly owned subsidiary FiCentive Inc. It also offers MasterCard prepaid cards branded with its customers’ corporation logos or trademarks.

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