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
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.
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.
Phone: +1-702-453-2221 Ext.:222
SOURCE 3PEA International, Inc.