Prepaid Ventures Partners With MPay

PREPAID VENTURES PARTNERS WITH MPAY TO CREATE PAYENTRY AND PAYENTRY BENEFITS CARDS

Prepaid Ventures, a leading provider of financial processing, full service program management and prepaid card solutions, today announced a partnership with MPAY, a leader in Human Capital Management Solutions (“HCMS”), to create the Payentry Card. Showcasing MPAY’s core offering, the two partners will offer a robust, multi-wallet pay card as well as employer qualified benefit solutions such as HSA, FSA, HRA and more.

Best In Class Industry Veterans Team Up to Provide Robust Card Products

Prepaid Ventures, a leading provider of financial processing, full service program management and prepaid card solutions, today announced a partnership with MPAY, a leader in Human Capital Management Solutions (“HCMS”), to create the Payentry Card. Showcasing MPAY’s core offering, the two partners will offer a robust, multi-wallet pay card as well as employer qualified benefit solutions such as HSA, FSA, HRA and more. Members of MPAY’s extensive distribution network will benefit from the marriage of Prepaid Ventures’ cutting edge proprietary technology and API-set coupled with MPAY’s already robust payroll processing stack. This powerful integration will provide MPAY customers a wholly integrated solution of payroll processing and seamless distribution to their network. “We’re excited to partner with MPAY and their team to offer another high quality payment card solution in the marketplace,” says Andrew Siden, Prepaid Ventures Chief Executive Officer. “This collaboration represents two best-in-class, innovative companies bringing forward a ground-breaking product offering. The Payentry Card will be fully integrated into MPAY’s platform to allow fast and easy enrollment.” Payentry card customers will get paid faster and more reliably while enjoying all the benefits that network-branded prepaid cards offer. Cardholders will be able to withdraw cash at ATMs, make purchases online and at retail locations, manage their accounts in Prepaid Ventures award-nominated financial management portal, and make card to card transfers with their colleagues, friends and family. Payentry customers will also now enjoy powerful desktop and mobile applications that cardholders can leverage in day to day transactions, bill payments, card to card transfers, and transaction history all backed by industry-leading customer support.

About MPay

MPAY and the MPAY Network (www.MPAY.com) focus on expanding solutions offered to employers, including time and labor management, human resources and benefits. Our vision is to build the largest network of human capital management providers in the US, empowering employers to focus on running a successful business.