SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1)
PAYMENT DATA SYSTEMS, INC.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
70438S103
(CUSIP Number)
March 8 2007
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| Rule 13d-1(b) |
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X | Rule 13d-1(c) |
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| Rule 13d-1(d) |
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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| NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) ROBERT EVANS | ||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||
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| (b) |
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| SEC USE ONLY | ||||
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| CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES | ||||
NUMBER OF | 5 | SOLE VOTING POWER 10,500,0001 | |||
SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 0 | |||
EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 10,500,000 | |||
WITH
| 8 | SHARED DISPOSITIVE POWER 0 | |||
9
| AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,500,000 | ||||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ||||
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| PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 15% | ||||
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| TYPE OF REPORTING PERSON* IN | ||||
1 Includes 480,000 shares not currently outstanding but subject to currently exercisable warrants.
Item 1.
(a)
Name of Issuer
PAYMENT DATA SYSTEMS, INC.
(b)
Address of Issuer’s Principal Executive Offices
12500 San Pedro, Suite 120, San Antonio, Texas 78216
Item 2.
(a)
Name of Person Filing
Robert Evans
(b)
Address of Principal Business Office or, if none, Residence
PO BOX 56, Williamsville, IL 62693
(c)
Citizenship
United States
(d)
Title of Class of Securities
Common Stock, $0.001 par value per share
(e)
CUSIP Number
70438S103
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a) |
| Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
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(b) |
| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
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(c) |
| Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
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(d) |
| Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
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(e) |
| An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
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(f) |
| An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
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(g) |
| A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
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(h) |
| A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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(i) |
| A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the |
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| Investment Company Act of 1940 (15 U.S.C. 80a-3); |
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(j) |
| Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
Item 4.
Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a)
Amount beneficially owned:
10,500,000*
(b)
Percent of class:
15%*
(c)
Number of shares as to which the person has:
(i)
Sole power to vote or to direct the vote
10,500,000*
(ii)
Shared power to vote or to direct the vote
(iii)
Sole power to dispose or to direct the disposition of
10,500,000*
(iv)
Shared power to dispose or to direct the disposition of
*includes 480,000 shares not currently outstanding but subject to currently exercisable warrants.
Item 5.
Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
Not Applicable.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable.
Item 9.
Notice of Dissolution of Group.
Not Applicable.
Item 10.
Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: March 15, 2007
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| By: | /s/ Robert Evans |
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| Robert Evans |