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Payment Data Systems Inc. primarily operates as a processor of electronic payments for other companies. The Company provides integrated electronic payment processing services to merchants and businesses, including all types of Automated Clearinghouse processing and credit and debit card-based processing services. Automated Clearinghouse processing services enable merchants or businesses to both disburse and collect funds electronically using e-checks to transfer funds instead of traditional paper checks. Card-based processing services enable merchants to process both traditional card-present, or swipe, transactions, as well as card-not-present transactions. It also operates a consumer Website focused on providing bill payment services under the domain name www.billx.com and manages all of the related back-end processing through its own processing engine. In May 2008, the Company announced that it had formed a new wholly owned subsidiary, FiCentive, Inc.