3PEA International, Inc. provides prepaid card programs and processing services for corporate, consumer, and government applications. The company markets its prepaid debit card solutions under its PaySign brand. The company provides a card processing platform consisting of proprietary systems and software applications based on the needs of its programs. The company has extended its processing business capabilities through its proprietary PaySign platform. The company designs and processes prepaid programs that run on the platform through which its customers could define the services they wish to offer cardholders. Through the PaySign platform, the company provides various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service. The company has developed prepaid card programs for corporate and incentive rewards, including but not limited to, healthcare reimbursement payments, pharmaceutical co-pay assistance, donor payments for source plasma and automobile dealership incentives. The company is expanding its product offering to include additional corporate incentive products, payroll cards, general purpose re-loadable cards, travel cards, and expense reimbursement cards. The company’s cards are offered to end users through its relationships with bank issuers. The company manages various aspects of the debit card lifecycle, from managing the card design and approval processes with partners and associations, to production, packaging, distribution, and personalization. The company also oversees inventory and security controls, renewals, lost and stolen card management and replacement. The company deploys a fully staffed, in-house customer service department, which utilizes bi-lingual customer service agents, interactive voice response, and two way SMS messaging. In 2013, the company began business development activities related to opportunities in the European Union, including the opening of a satellite office within the EU. The company has identified large scale opportunities within the prepaid debit card market and is pursuing these opportunities. As of December 31, 2014, the company issued various prepaid debit cards under programs implemented for various Fortune 100 and 500 companies, including majority of the primary pharmaceutical manufacturers, universities, and social media companies worldwide. Products and Services The PaySign Brand In order to leverage the capabilities of the PaySign platform and expand the company’s product offerings to additional, non-healthcare related verticals, the company established the PaySign brand of prepaid cards and prepaid solutions. The PaySign brand would include the entirety of its prepaid product offerings, including but not limited to, corporate incentives (including healthcare and non-healthcare markets), payroll, settlement payments, and solutions designed for the public sector. PaySign is a registered trademark of the company in the United States and other countries. Incentive Rewards The company’s PaySign corporate incentive cards offer businesses a practical and contemporary way to reward and motivate existing and potential customers, employees, donors and participants of clinical trials, sales professionals, agents and distributors. The PaySign Card is accepted anywhere Visa is accepted. The company develops incentive card programs that its customers use for various applications, including but not limited to, consumer rebates for large purchases or frequent buyers; trade incentives for third party distributors, new product launches and commission based sales incentives; and consumer promotions, such as automobile test drives, purchase incentives, remuneration for time and effort of donating, referral programs, event giveaways and purchase incentives. Source Plasma Donor Payments The company offers a customized payment solution for source plasma collection centers under the PaySign brand. The solution consists of the PaySign Prepaid Debit Card, the PaySign Connect Portal for administrators, and the PaySign Kiosk. The solution offers customized reporting a
3pea international inc (TPNL:OTC BB)
1700 West Horizon Ridge Parkway
Henderson, NV 89012
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