On May 18, 2018, 3Pea International, Inc.'s board of directors approved the formation of three committees of the board, which are the audit committee, the compensation committee and the nominating and corporate governance committee. The board appointed the following members to each committee: Audit Committee: Bruce A. Mina, Quinn Williams, Dennis Triplett; Compensation Committee: Bruce A. Mina, Dennis Triplett, Dan Henry and Nominating and Corporate Governance Committee: Dan Henry, Quinn Williams. In addition, Mark Newcomer resigned as chairman of the board, and Dan Henry, an independent director was appointed chairman of the board. Mr. Newcomer remains a director and the chief executive officer of the company, and was appointed vice chairman of the board.
Paysign, Inc. is a vertically integrated provider of prepaid card products and processing services for corporate, consumer and government applications. The Companyâs payment solutions are utilized by its corporate customers as a means to increase customer loyalty, increase patient adherence rates, reduce administration costs and streamline operations. Public sector organizations can utilize its payment solutions to disburse public benefits or for internal payments. It markets its prepaid card solutions under its Paysign brand. It operates on a payments platform with cutting-edge fintech capabilities that can be seamlessly integrated with its clientsâ systems. This distinctive positioning allows it to provide end-to-end technologies that securely manage transaction processing, cardholder enrollment, value loading, account management, data and analytics, and customer service. Its suite of product offerings includes solutions for corporate rewards, prepaid gift cards and others.