3PEA, MCB in card issuance sponsorship

August 6, 2007

3PEA International, a payment solutions company, announced it has signed a three-year agreement with Monterey County Bank (MCB) for card issuance sponsorship and has commenced issuance of more than 3.6 million prepaid debit cards that have been added to the 3PEA card management system.

3PEA International, a payment solutions company, announced it has signed a three-year agreement with Monterey County Bank (MCB) for card issuance sponsorship and has commenced issuance of more than 3.6 million prepaid debit cards that have been added to the 3PEA card management system. Under the agreement, MCB will be the issuing bank for select 3PEA international prepaid card programs running on various networks, including NYCE and Pulse. Currently 3PEA is providing issuing services utilizing a 3PEA BIN, 3PEA card management system and data processing services for multiple prepaid card programs, including several in the pharmaceutical industry. These prepaid Rx card programs tie the financial and healthcare adjudication processes together, have the support of the national banking, electronic payment and pharmacy networks, and pay the pharmacist at the point of sale.

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