PaySpot and Futura® Card Services Announce Multi-Year Distribution Agreement

LEAWOOD, Kan. & CARLSBAD, Calif.--(AllPayNews)--PaySpot, Inc., a leading prepaid and payments provider in the U.S., and Futura® Card Services (“Futura”), one of the largest and fastest growing brands in the stored value card marketplace, announced today a multi-year agreement to distribute Futura® Prepaid MasterCard® products to PaySpot’s Independent Sales Organization (ISO) nationwide network of stores. As part of the agreement, Futura has chosen PaySpot as its exclusive U.S. distribution partner for the ISO channel.

“We are very excited to take our agreement with Futura to the next level - the synergies, incentives and co-marketing opportunities are substantial,” said Eric Mettemeyer, president of PaySpot. “Our distributors deserve a prepaid debit card offering for their independent retailers and we are pleased to bring them this unique product. We will continue to introduce additional product offerings to our distributors to ensure their success and continued growth.”

The debit card program from Futura is a unique offering for PaySpot ISOs because the Futura Distributor Advantage Plan makes this a much more ISO-friendly prepaid debit product than any other known to be on the market. As a result of the distribution exclusivity, this Futura debit product is available only through PaySpot.

“We understand the needs of the independent distributor, the merchant and most importantly, the consumer, and have specifically redesigned our merchandising, product offerings and distribution model to address those needs,” said Keven Lake, CEO and president of Futura. “With our innovative product suite, PaySpot’s dominant presence in the ISO channel, and their ability to support our rapid growth, we are very pleased to be entering into this partnership.”

Details of how this agreement will impact the prepaid debit market will be discussed at a presentation on August 21, 2008 at The Prepaid Press Expo, which is being held at Caesars Palace in Las Vegas. Mr. Lake and Mr. Mettemeyer will be among industry experts providing insight into the topic, “Drilling Down on Stored Value Distribution Channels – The Inside Scoop” beginning at 10:00 a.m. PST. Additionally, attendees can visit Futura and PaySpot in booth 301. Futura Card Services is a Sponsoring Exhibitor at The Prepaid Press Expo.

About PaySpot, Inc.

PaySpot, Inc., a subsidiary of Euronet Worldwide, Inc. (Nasdaq:EEFT), is one of the leading prepaid and payments processors in the U.S. Launched in 2002, PaySpot offers a comprehensive array of prepaid products and financial solutions, including prepaid wireless, prepaid long distance, prepaid gift cards, prepaid debit cards, international wireless recharge, check guarantee, merchant processing and prepaid handsets, as well as bill payment and money transfer in conjunction with its affiliate RIA Financial Services. The PaySpot system supports online electronic top-up at retail locations via a range of POS terminals or through integrated electronic cash registers for retailers with multiple locations and multiple checkout points. Visit our Web site at www.payspot.com for more information.

About Futura® Card Services

Futura is one of the largest and fastest growing brands in the stored value marketplace. Futura markets, distributes and services a suite of instant issue prepaid MasterCard® debit card products that includes reloadable general spend debit cards, gift cards and wage disbursement cards. The company leverages synergies between consumers, merchants and ISOs to offer a diverse lineup of financial tools. Futura’s unique distribution model delivers the lowest cost, highest margin prepaid debit card solutions to the retail channel as well as innovative branded and private label programs for the enterprise channel. For more information, please visit www.futuracards.com.

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Contacts
PaySpot Contact:
John Shaw, 1-913-327-4255
jshaw@payspot.com
or
Futura Contact:
Pat Harriman, 1-949-370-2075
pat@harrimangroup.com