3PEA International, Inc. Announces PayPad(R) V3 PC-POS Payment Terminal
The PayPad(R) V3 PC-POS Payment Terminal is a Plug and Play USB PINpad with
Magnetic Stripe and Chip Card Reader
LAS VEGAS, Jan. 31 /PRNewswire-FirstCall/ -- 3PEA International, Inc. (OTC: TPNL.PK - News), a payment solutions company, announced today its latest Payment Terminal, the PayPad V3. The PayPad PC-POS Payment Terminal offers one of the industry's smallest footprints in a PC-POS device category and at an extremely affordable price point. The new modern ergonomic design fits comfortably in the hand and makes it easy to use while custom labeling creates a new vehicle for brand awareness. In response to numerous inquiries and requests from within the payment industry, 3PEA has identified and acknowledged the need for affordability, convenience, robust flexibility, compact design and has developed a cost- effective combination of form and function to address the rapid growth and needs of the PC-POS device market. Additionally, the 3PEA new and improved architecture, along with its API, allows Windows developers to quickly and easily turn any Windows software application into a fully functioning payment terminal. Unlike most other MSR/PINpad devices, the PayPad has been specifically designed since its inception for seamless integration with the Windows Operating System. PayPad V3 builds on the strengths of previous versions of the PayPad product line while adding higher levels of security and functionality. This upgrade will allow PayPad further penetration into traditional point-of-sale markets for the growing number of customers implementing Windows PC-based POS payment solutions. The company will begin accepting orders for the PayPad V3 PC-POS Payment Terminals in the second quarter of 2007. The newest PayPad will level the playing field by providing affordable deployments to financial service companies of all sizes who are currently using or are planning to use a Windows PC-based payment solution. PayPad V3 is a high-performance USB based peripheral device which incorporates an MSR (Magnetic Stripe Reader), EPP (Encrypting PINPad) and Smart Card (Integrated Circuit Card) Reader. The new version includes an LCD (16x2) display, enhanced tamper features to meet PCI (Payment Card Industry) compliance, and designed to be a handheld POS device. It has also been upgraded from a USB (Universal Serial Bus) 1.1 to USB 2.0. The PayPad V3 meets stringent security requirements, including a processor and RAM encased in epoxy with a secure cryptographic module, DES, 3DES, DUKPT and 3DES DUKPT support. For further information about PayPad availability, contact the company for details. About 3PEA International, Inc. 3PEA International, Inc., through its wholly owned subsidiary 3PEA Technologies, Inc., designs and develops payment solutions including proprietary payment terminals, secure key loading systems and various payment services. Since 2001, 3PEA has provided online payment solutions with specific focus in the area of PIN-Debit transactions. The company now provides turnkey and customized payment services to retailers, software developers and financial services companies. Using its PayPad payment terminals and IP payment gateway solutions, 3PEA can quickly and cost effectively help customers in various markets to payment enable their applications. 3PEA works closely with its customers providing qualified payment expertise to produce a payment processing solution that best suits their needs. PINsmart(R), PaySign(TM), 3PEA(R) and PayPad(R) are registered trademarks or trademarks of 3PEA Technologies, Inc. in the United States and/or other countries. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. Forward-Looking Statements: 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 can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. 3PEA International, Inc., undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise. Contact: Mark Newcomer (firstname.lastname@example.org) Phone: +1-702-453-2221 Ext.:222
SOURCE 3PEA International, Inc.
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