3Pea International, Inc. (TPNL) Provides Update on Recent Developments and Expectation for 2012
Payment solutions company 3Pea International recently issued an update reflecting a recent pick-up in business and changes to the company’s capital structure. 3Pea recently certified its proprietary card processing platform, which is currently undergoing PCI-DSS certification. The company anticipates launching the product in the fourth quarter as it pursues opportunities to enter into new market segments. By adding processing services for 16 blood/plasma donation centers, 3Pea said it has increased its presence in the prepaid, reloadable segment of the debit card market. In May, the company signed an agreement with two creditors, under which 3Pea issued 3,335,500 shares of common…