BillMyParents, Inc. entered into a card servicing agreement with Republic Bank on February 13, 2013. The agreement has an initial term of two years, and will be automatically extended for additional one year terms unless either party terminates the agreement with prior written notice. Pursuant to the agreement, the bank will provide certain bank products, including pre-paid cards, during the term.

In addition, the company and the bank will jointly offer and sponsor programs and cards offered pursuant to the agreement.