Visa and 3PEA International Execute Branding Agreement for 3PEA’s PaySign® Brand
HENDERSON, Nev.–(BUSINESS WIRE)–3PEA International (OTCBB: TPNL), a vertically integrated provider of innovative prepaid card programs and processing services for corporate, consumer and government applications, today announced it has entered into an agreement with Visa Inc. (NYSE:V), a leader in global payments. 3PEA will exclusively issue Visa-branded prepaid cards for its PaySign® brand of prepaid cards.
“We are excited to formally create a partnership with Visa, and view their support as a tremendous vote of confidence for both 3PEA and the PaySign brand. 3PEA has had a long and successful partnership with Visa, and this agreement further solidifies our relationship,” explained Mark Newcomer, Chairman and CEO of 3PEA. “Partnering with Visa was a simple decision on our part, as they are the recognized world leader in global payments technology. With Visa providing marketing support as we roll out our PaySign brand of prepaid cards, we are optimistic regarding our growth in new verticals and increasing our market share in existing verticals.”
“Visa prepaid cards provide a safe and convenient alternative to cash or checks. They also offer lower disbursement costs and increased operational efficiencies, making them a good choice for government agencies, businesses and consumers,” said Cecilia Frew, head of prepaid products, Visa Inc. “The agreement with 3PEA is part of our strategy to extend the benefits of Visa prepaid cards to a broader public and give people more control over their money – anywhere, anytime.”
About 3PEA International
3PEA International (OTCBB: TPNL) is an experienced and trusted prepaid debit card payment solutions provider, as well as an integrated payment processor that has millions of prepaid debit cards in its portfolio. Through its PaySign brand, 3PEA designs and develops payment solutions, prepaid card programs and customized payment services. 3PEA manages programs for many of the world’s largest pharmaceutical manufacturers with copay assistance products designed to maximize new patient acquisition, retention and adherence. 3PEA’s corporate incentive prepaid cards are changing the way corporations reward, motivate and engage their current and potential customers, employees and agents. 3PEA’s customizable prepaid solutions offer significant cost savings while improving brand recognition and customer loyalty. 3PEA’s customers include healthcare companies, major pharmaceutical companies and source plasma providers, large multinationals, prestigious universities and social media companies. PaySign is a registered trademark of 3PEA Technologies, Inc. in the United States and other countries. For more information visit www.paysign.com. Follow us on Twitter and Facebook
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 can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. 3PEA International, Inc., undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.