HENDERSON, Nev.--(BUSINESS WIRE)--3PEA International, Inc. (OTCQB:TPNL), a vertically integrated provider of innovative prepaid card programs and processing services for corporate, consumer and government applications, has expanded its PaySign® brand of prepaid cards to the automotive market with PaySign Connect for Automobile Dealerships.
The comprehensive PaySign Connect prepaid solution is a customizable, multi-purpose platform tailored to the unique requirements of auto dealerships. Using 3PEA’s prepaid cards, auto dealerships are able to increase showroom traffic and new vehicle sales, while creating and maintaining long-term customer loyalty and increased repeat purchases through real time rewards and incentives. PaySign Connect gives dealerships a better way to stay connected with their customers and target market.
“With the introduction of PaySign Connect for Auto Dealerships, we are executing on our strategy to provide innovative, cost effective, customizable payment solutions to large market verticals,” said Mark Newcomer, President and CEO of 3PEA International. “Because of the robust PaySign Platform and rapid time to market, we are able to quickly design and implement comprehensive prepaid debit card payment solutions to suit the unique requirements of customers within these verticals. With over 17,500 dealerships in the U.S. with new-car sales on pace for 17 million units in 2015, we have identified the automotive sector as our next key market to introduce the PaySign brand.”
The PaySign prepaid cards can be used to motivate and reward employees and customers alike. Further, the PaySign prepaid card can be used throughout the customer life cycle—from the initial test drive to purchase, to service, referrals, and repeat purchases—all through one convenient payment solution. PaySign Connect’s customized reporting also gives dealerships a level of analytics on customer behavior and other metrics that were previously unavailable in the industry.
3PEA has identified and targeted numerous opportunities within the multi-billion dollar automotive dealership sector. In addition to increasing market share in current verticals which 3PEA operates, the PaySign brand is being positioned to enter new market segments where our prepaid card solutions can be utilized in innovative ways to lower disbursement costs and increase operational efficiencies, making PaySign the solution of choice for government agencies, businesses and consumers.
About 3PEA International
3PEA International (OTCQB: 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 us at www.3pea.com or follow us on LinkedIn, 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 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.