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."
