3PEA International, Inc., a payment solutions company, provides prepaid debit program management and processing services. The company provides a card processing platform, including proprietary systems and software applications based on the needs of its programs. The company designs and processes prepaid programs that run on a customized processing platform through which its customers could define the services they wish to offer cardholders. Through this platform, it provides various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service. The company has developed prepaid card programs for healthcare reimbursement payments, pharmaceutical assistance, and corporate and incentive rewards; and is expanding into payroll cards, general purpose re-loadable cards, travel cards, and expense reimbursement cards. Its cards are offered to end users through its relationships with bank issuers. As of December 31, 2012, the company had issued various prepaid debit cards under programs implemented for various Fortune 100 and 500 companies, including majority of the primary pharmaceutical manufacturing companies worldwide. Products The company’s card, which it markets under the name ‘AllegianceRx Card’, is meant to replace the distribution of physical samples. The company’s AllegianceRx Card is an adjudicated promotional debit card that reimburses prescription drug prescribers with promotional funds at retail pharmacies nationwide. The company’s prescription solutions provide claims processing and other administrative services for clients that are conducted online, in real-time, according to client benefit plan designs. Its solutions present an alternative to an in-house pharmacy claims adjudication system by providing real-time financial incentives for both consumers and payers. Its offerings include pharmacy claims adjudication, network and payer administration, client call center service and support, reporting, and rebate management, as well as implementation, training, and account management. AllegianceRx Card The AllegianceRx Card is a promotional pharmaceutical copay or discount card, which is adjudicated as a primary or secondary insurance card at the retail pharmacy location. The AllegianceRx Card could be offered as either a straight payment voucher card or a debit card, or a combination of the two, through its Healthpoint Network. Healthcare Remittance Card The company has also developed a Health Insurance Prescription Coverage Card, which operates as a financial debit card providing real time health insurance prescription drug payments from the sponsoring health insurance company to the retail pharmacy. It markets the card to health insurance companies. HealthPoint Network The company’s HealthPoint Network offers real-time pharmacy claims adjudication at approximately 62,000 pharmacies nationwide, including major pharmacy chains. Its HealthPoint Network is marketed as a value added option with its AllegianceRx card. The company has integrated the pharmacy claims adjudication capability with its prepaid debit card platform primarily to provide online and real-time claims adjudication with real-time loading of its debit cards at the point of service. Other Products Survey Instant Rewards The company offers a Survey Instant Rewards card program to organizations interested in gathering survey data, primarily for companies that have difficulty locating and inducing qualified consumers to provide survey data for market research. The Survey Instant Rewards card program provides an approach to survey collection and market research by utilizing financial debit card technology to offer targeted survey respondents immediate financial rewards for completing market research surveys. The company provides consumer product and service companies with a solution for collecting market information about customers, competitors, and markets. Other Markets The company has identified various other markets that its debit cards could be used in, such as corporate incentive or reimbursement programs, gift cards, payroll payments, and government benefit payments, and as a reloadable debit card for use by consumers without a traditional bank account. Sales and Marketing The company primarily markets its products and services through direct marketing by its officers. It also utilizes independent contractors who make direct sales for the company and other companies. The company markets its pharmaceutical sampling cards directly to pharmaceutical firms and through advertising/marketing agencies used by the pharmaceutical firms. Regulation The company’s products and services are subject to federal anti-money laundering laws, including the Bank Secrecy Act, as amended by the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act, and similar state laws. In the ordinary course of its business, the company or its third party service providers collect certain types of data, which subjects the company to certain privacy and information security laws in the United States, including the Gramm-Leach-Bliley Act of 1999 and other laws or rules designed to regulate consumer information and mitigate identity theft. The Health Insurance Portability and Accountability Act of 1996 contains privacy regulations and the security regulations that apply to some of the company’s operations. History 3PEA International, Inc. was founded in 2001.
3pea international inc (TPNL:OTC BB)
1700 West Horizon Ridge Parkway
Henderson, NV 89012
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