Payment Data Systems Inc. of San Antonio said it has agreed to provide payment processing for a insurance carrier, which it did not name.
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The San Antonio company said Thursday that the multiyear deal would generate $30 million of annual transaction volume and $750,000 of gross revenue.
The insurer's stock is a component of the Standard and Poor's Mid-Cap 400 Index and is traded on the New York Stock Exchange, the vendor said.
Payment Data said it provides processing for 12 other insurance companies.
