Specifically these agreements provide for 1.) reselling by ACH Commerce of our credit card gateway services. This gateway connects internet-based applications to all credit card processors and to Payment Data Systems, Inc. for credit card merchant services and 2.) referral of whereby ACH Commerce will refer Payment Data Systems, Inc. to billers and merchants that are using ACH Commerce services today. This referral agreement is strategic to Payment Data Systems, Inc. Under the terms of the agreement, Payment Data will further add an extensive sales and market opportunity with no additional expense overhead through the deployment of these contracts.
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