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3PEA International, Inc. Announces Card Processing and Service Agreement With Ukash/Smart Voucher Ltd.


8 March 2007


New Agreement To Target The $800 Billion Prepaid Opportunity 3PEA International, Inc. (OTC: TPNL.PK), a payment solutions company, announced today it has signed a three year agreement with Smart Voucher Limited whereby 3PEA International will provide Card Processing and Services for the United States Market.

The agreement will see the provision of enabling Smart Vocuher technology to USA-based projects being undertaken by 3PEA international.

3PEA International will provide transaction processing and stored value card management services. 3PEA will provide the necessary services for issuing, account maintenance, customer service, transaction processing and settlement of funds to support prepaid debit card programs for the US marketplace.

3PEA International has announced the partnership with Smart Voucher to target the rapidly growing worldwide market for prepaid card solutions. Through its patented platform Smart Voucher currently processes millions of dollars in transactions each month across Europe. This technology will now be further enhanced in conjunction with 3PEA to enable its use across the USA.

"According to leading industry analysts, the volume of prepaid cards in use across the USA will be $700 - $800 billion within 10 years1. Through working with leading players such as 3PEA, and leveraging their knowledge of the US market, we are confident of becoming a significant provider of prepaid solutions into this huge market", comments Mark Chirnside, CEO of Smart Voucher.

Prepaid solutions are being used to replace traditional cash, check and credit card payments in many sectors of the economy, including internet payments, payroll, gift, and health benefits.

"We are pleased to be working with a company such as Smart Voucher that has demonstrated its technology credentials in Europe. Integrating the Smart Voucher platform will enable us to better meet the unique needs of our growing client base across all sectors of prepaid payment solutions," said Mark Newcomer, President of 3PEA International.

1 TowerGroup Inc.