<PAGE>
Registration No. 333-37849
Rule 424(b)(3)
SUPPLEMENT TO PROSPECTUS
DATED OCTOBER 21, 1997
PMT SERVICES, INC.
1,941,475 SHARES
COMMON STOCK
________________________
The Prospectus, dated October 21, 1997 (the "Prospectus"), to which this
Supplement, dated October 28, 1997, is attached (the "Supplement"), relates to
the resale by the holders thereof of up to 1,941,475 shares of the Common Stock,
$.01 par value per share ("Common Stock") of PMT Services, Inc. (the "Company"),
issued to certain shareholders (the "Selling Shareholders") of the Company
without registration under the Securities Act of 1933, as amended (the "Act") in
connection with separate acquisitions of BanCard Systems, Inc., CVE Corporation,
IMA Payment Systems, Inc. ("IMA") and LADCO Financial Group, Inc. (each a
transaction not involving a public offering), which the Selling Shareholders
plan to offer from time to time.
The purpose of this Supplement is to correct (i) the number of shares of
the Company beneficially owned by certain Selling Shareholders prior to the
Offering and the number of shares of the Company beneficially owned by such
Selling Shareholders after the Offering and (ii) the allocation of shares
registered in connection with the IMA transaction. While this Supplement
reflects an increase in one of the IMA Selling Shareholder's shares eligible for
resale and a decrease in another, the aggregate number of shares registered in
connection with the IMA transaction has not changed. Terms defined in the
Prospectus have the same meaning in this Supplement unless the context otherwise
requires.
Attached to this Supplement as Annex A is a revised table of Selling
Shareholders which reflects the reallocation of shares as described above.
________________________
The date of this Supplement is October 28, 1997.
<PAGE>
ANNEX A
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SELLING SHAREHOLDERS
The following table sets forth information regarding the Common Stock
owned as of October 13, 1997, by each of the Selling Shareholders who are
not directors or officers of the Company. The shares of the Common Stock
were issued to the Selling Shareholders without registration under the
Securities Act in connection with seperate acquisitions of BanCard Systems,
Inc., CVE Corporation, IMA Payment Systems, Inc. and LADCO Financial Group,
Inc., each a transaction not involving a public offering. Certain of such
shares may become eligible for sale by the Selling Shareholders without
registration under the Securities Act under the provisions of Rule 144. Any
such shares may be sold either under the Registration Statement of which
this Prospectus forms a part or under Rule 144.
<TABLE>
<CAPTION>
Beneficial
Beneficial Ownership Ownership
Prior to Offering (1) after Offering (1)
--------------------- ------------------
Number of
Number of Shares Number of
Name of Shareholder Shares Percent Being Sold Shares Percent
- ------------------------------- -------- ------- ---------- --------- -------
<S> <C> <C> <C> <C> <C>
Stephen K. Dunn & Judith S. Dunn,
Trustees of Dunn Trust No. 1
U/D/T Dated 12/27/96........................ 195,312 * -- 195,312 *
Stephen K. Dunn & Judith S. Dunn,
Trustees of Dunn Trust No. 2
U/D/T Dated 12/27/96........................ 195,312 * -- 195,312 *
Stephen K. Dunn and Judith S. Dunn,
Trustees of the Dunn Family Trust
U/D/T Dated May 22, 1997................... 744,251 * 317,813 426,438 *
Wilmington Trust Company,
Trustee of the Dunn Charitable Trust
No. 1 U/D/T Dated June 9, 1997............. 90,000 * 90,000 -- *
Michael N. McCormick and Jean A.
McCormick, Trustees of the
McCormick Trust No. 1 U/A
Dated 12/27/96, FBO McCormick
Trust No. 1................................. 195,312 * -- 195,312 *
Michael N. McCormick and Jean A.
McCormick, Trustees of the
McCormick Trust No. 2 U/A
Dated 12/27/96, FBO McCormick
Trust No. 2................................. 195,312 * -- 195,312 *
Michael N. McCormick and Jean A.
McCormick, Trustees of the
Michael and Jean McCormick
Revocable Trust U/D/T
Dated 10/05/95.............................. 895,651 * 407,812 392,189 *
Ladd Family Trust............................ 1,463,414 * 365,854 1,097,560 *
Joyce I. Cook................................ 408,000 * 102,000 306,000 *
Joyce I. Cook
Grantor Retained Unitrust................... 392,000 * 98,000 294,000 *
Michael D. Schneider......................... 822,862 * 288,002 534,860 *
Mutual Ventures of South Dakota.............. 282,742 * 98,960 183,782 *
John Pappajohn............................... 82,212 * 28,774 53,438 *
NF Nordiska Fond Kommission
Aktreboley.................................. 62,411 * 21,844 40,567 *
Laurie A. Schneider.......................... 39,716 * 13,901 25,815 *
Steven D. Moon............................... 35,177 * 12,312 22,865 *
Ricky D. Shaneyfelt.......................... 31,773 * 11,121 20,652 *
Larry Cheeves................................ 30,207 * 10,572 19,635 *
Clifton E. Hammond........................... 28,368 * 9,929 18,439 *
Steven E. Codner............................. 26,676 * 9,337 17,339 *
Alan Green................................... 26,802 * 9,381 17,421 *
Carolyn L. Loschen........................... 26,109 * 9,138 16,971 *
Mary L. Pappajohn............................ 22,695 * 7,943 14,752 *
Marcia K. Ressler............................ 22,695 * 7,943 14,752 *
Malmsten Invest AB........................... 17,021 * 5,957 11,064 *
J. Todd Hall................................. 15,886 * 5,560 10,326 *
Donna L. Cheeves............................. 13,348 * 4,672 8,676 *
Carl Horn.................................... 11,347 * 3,971 7,376 *
Ryan D. Hoesing
Revocable Trust............................. 1,295 * 453 842 *
Ashley N. Hoesing
Revocable Trust............................. 647 * 226 421 *
---------
Total............................. 1,941,475
=========
</TABLE>
____________________
* Less than 1%
(1) The persons or entities named in the table below have sole voting and
investment power with respect to all shares of Common Stock shown to
be beneficially owned by them.
