PrepaYd Wireless Signs Processing Agreement with epay

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Jul 09, 2012, 09:22 ET

NEWPORT BEACH, Calif., July 9, 2012 /PRNewswire/ -- PrepaYd Wireless, a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK:PPDC), today announced the signing of an agreement with epay, a leading global electronic payments provider and distributor. Per the agreement, epay will process prepaid mobile airtime transactions for PrepaYd Wireless, making the product available to its extensive retail distribution network.

PrepaYd Wireless offers No Contract unlimited plans starting at $35 per month for Unlimited Talk & Text and only $60 per month for Unlimited Everything 4G. PrepaYd Wireless markets through Alternative Service Providers and indirect retailers through distributors, technology providers, and independent agents.

epay provides refill distribution services for more than 200 mobile operators around the world, and leverages its retail network and technology reach to deliver a distribution platform that maximizes carrier sales. epay's strategy has advanced beyond simply processing transactions and evolved into providing needed business solutions for its partners.

"By selling our prepaid products through epay, PrepaYd Wireless now provides additional reliability, convenience and secure payment processing to thousands of new retail Point of Sale locations through epay's robust payment platform," says Josh Berman, Vice President and Founder of PrepaYd Wireless. "PrepaYd can further address the demands of the market by having our products more readily available to new distributors and retailers that have expressed interest in selling our products."

About PrepaYd Wireless
PrepaYd Wireless, Inc. provides the postpaid experience without the contract, and is a new leading provider for No Contract Wireless Service with Unlimited Plans starting at $35 per month. Since the companies official launch in December 2011, the company has expanded its distribution through independent retail locations and by offering service plans that include Nationwide Coverage in all 50 states and Puerto Rico and by including all sales, telecom and usage taxes. For more information about PrepaYd Wireless, Inc. visit www.PrepaYdWireless.com

About PrepaYd, Inc.
PrepaYd, Inc. is a provider of financial services in the prepaid debit card industry. The company, through its wholly owned subsidiary, offers prepaid debit cards to America's estimated 60 million underbanked citizens. In addition to the underbanked consumer demographic, small and mid-size businesses have found a much-needed product with the company's Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employees' expenses other than through traditional credit cards or cash reimbursements. For more information about PrepaYd, Inc. visit www.PrepaYdInc.com

About epay
epay, a Division of Euronet Worldwide, Inc., is a global prepaid product provider and distribution network – enabling service providers to maximize the sales of their products and services. epay delivers innovative and tailored electronic payment, cash collection solutions including POS systems integration, a full settlement and reporting service and full marketing and distribution service support.

The epay product portfolio includes prepaid mobile top-up, prepaid debit cards, e-wallets, gift cards, digital music and other content, lottery, bill payment and money transfer through its sister company Ria, and transport payment solutions including road tolls and public transport.

epay delivers these products through a worldwide network of approximately 607,000 points of sale at approximately 294,000 retailer locations across a number of markets including Australia, Austria, Brazil, France, Germany, India, Ireland, Italy, New Zealand, Poland, Romania, Spain, Switzerland, the UK and the US. Visit www.epayworldwide.com for more information.