3Pea International, Inc. Announces the Launch of Its New PaySign® Payments Platform
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.
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