Press release

PracticeSuite Set to Offer Physicians An Integrated Payment Solution Within Its Practice Management and Revenue Cycle Management Platform

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PracticeSuite, a Silicon Valley, California-based SaaS physician
Practice Management Software platform and Revenue Cycle services company
serving over 57,000 medical professionals, announced today that it had
completed an integration to Payment Data Systems’ technology (Nasdaq:PYDS)
and as a result, will launch its ePayments
offering to existing and future physician clients across its Revenue
Cycle Management, Practice Management and prior authorization automation
solutions this month.

The ePayments launch represents an additional level of timely
functionality needed by physicians who have seen patient responsibility
rise 400% over the last decade, and is still on the rise, out-pacing
insurance premiums by 6%, according to a recent Kaiser
Foundation report

“The ability for our doctors and their office staff to conveniently
accept virtually any type of electronic payment – over the phone, at the
point of service, or within the patient portal – creates a smoother
patient experience and helps to eliminate costly and inefficient
statements and post-visit collections,” cites Trey Wilson, SVP of
Corporate Development at PracticeSuite. “It goes a long way to enhancing
the physician-patient relationship by allowing the practice to focus on
patient care rather than patient balances. Finally, it helps our
physicians practice profitably, which is our goal and mission.”

About PracticeSuite
Serving over 57,000 medical
professionals, PracticeSuite provides a single platform, whole practice
solution that offers an affordable cloud-based practice management
system, electronic health record software, medical billing software,
patient portal, and revenue
cycle management services
(RCM). With vast experience in medical
billing, and a unique set of financial diagnostic tools, PracticeSuite
provides deep insight into the fine-tuning of a doctor’s bottom line
revenue and top-line profitability. Visit their website.
Watch intro Video.

About Payment Data Systems, Inc.
Payment Data Systems, Inc.
(Nasdaq: PYDS)
is a leading integrated payment solutions provider offering a wide range
of payment solutions to merchants and billers. The Company operates
credit, debit/prepaid, and ACH payment processing platforms to deliver
convenient, world-class payment solutions and services to their clients.
Payment Data Systems, Inc. is headquartered in San Antonio, Texas, and
has offices in Franklin, Tennessee, just outside of Nashville.