SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------- FORM 8-K CURRENT REPORT Pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: September 16, 2003 PAYMENT DATA SYSTEMS, INC. (Exact name of Registrant as specified in its charter) -------------------- Nevada 0-30152 98-0190072 ------------------------------- ------------------------ --------------------------------- (State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.) incorporation) -------------------------------------------------------------------------------- 12500 San Pedro, Suite 120 San Antonio, TX 78216 (Address of principal executive offices) (Zip Code) -------------------------------------------------------------------------------- Registrant's telephone number, including area code (210) 249-4100 BILLSERV, INC. 211 NORTH LOOP 1604 EAST, SUITE 200 SAN ANTONIO, TEXAS 78232 (Former name and address of Registrant) ITEM 5. Other Events On September 16, 2003, Ms. Terri A. Hunter resigned her positions as Chief Financial Officer and Director of Payment Data Systems, Inc., a Nevada corporation (the "Registrant"). Ms. Hunter did not resign her directorship position due to any disagreement with the Registrant on any matter relating to the Registrant's operations, policies, or practices, which would necessitate a Form 8-K filing pursuant to Item 6 of Form 8-K. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PAYMENT DATA SYSTEMS, INC. Date: September 18, 2003 By: /s/ Michael R. Long ----------------------- Michael R. Long Chief Executive Officer