3Pea International, Inc. Announces the Launch of Its New PaySign® Payments Platform
3Pea International, Inc. Announces the Launch of Its New PaySign® Payments Platform
HENDERSON, Nev.--(BUSINESS WIRE)-- 3Pea International, Inc. (OTCBB:TPNL), a payments solution company focused on prepaid debit card processing and program management, is pleased to announce the launch of its new PaySign® payments processing platform.
In response to the rapidly changing face of payment technologies and customer demands, the PaySign® platform was built on modern cross-platform architecture and designed to be highly flexible, scalable and customizable. The platform will allow 3Pea to significantly expand its operational capabilities, allowing 3Pea to enter new markets within the payments processing space. The PaySign® platform was designed to easily incorporate new payment technologies and applications as they evolve, keeping 3Pea at the forefront of payment innovation. The platform provides the flexibility and efficiencies that will allow 3Pea to significantly reduce the time and cost related to card program development and customization, resulting in increasing operating margins. The PaySign® platform is equipped to facilitate EMV (EuroPay, MasterCard, and Visa) smart card payment system (Chip and PIN) payments on a global basis.
In development for several years, the platform meets PCI-DSS 2.0 compliance standards and was part of the company's most recent successful PCI-DSS audit. The audit certified 3Pea as a Level 1 Service Provider (Issuer), Gateway/Switch, Prepaid Services and Issuer Processing Provider, underscoring 3Pea's continuing commitment to maintaining the highest level of data security standards and compliance.
The PaySign® Platform will be integral in the development, launch and support of the PaySign® brand of prepaid debit cards, a line of prepaid cards targeting the General Spend, Corporate, Government and International markets.
The user interface for the platform's Card Management System (CMS) implements rapid rendering and modern web technologies that has solid cross-browser support, simplifying card program administration. Interactive Voice Response (IVR) and two-way SMS messaging supports cardholder inquires and card activation.
"We are extremely excited about the launch of our PaySign® platform and the growth opportunities it affords 3Pea as both a payments processor and prepaid debit card manager. We are confident in our ability to successfully enter key market verticals and broaden our prepaid debit card offerings," commented Mark Newcomer, President and CEO of 3Pea International. "We feel that the successful development and launch of the PaySign® platform is a defining moment for 3Pea."
About 3Pea International:
3Pea International, Inc. is a payment solutions company that focuses on providing prepaid debit program management and processing services. The company provides a card processing platform consisting of proprietary systems and innovative software applications based on the unique needs of our programs. Through this platform, the company provides a variety of services including transaction processing, card creation and fulfillment, cardholder enrollment, value loading, cardholder account management, reporting, integrated voice response, and customer service.
Forward-Looking Statements:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There is no assurance that such statements will prove to be accurate, and actual results and future events could differ materially. 3Pea undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.
3Pea International
Brian Polan, 702-749-7234
Investor Relations
investor@3pea.com
bpolan@3pea.com
KEYWORDS: United States North America Nevada
INDUSTRY KEYWORDS:
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