Paysign, Inc.

Paysign, Inc., headquartered in Nevada and incorporated on August 24, 1995, provides prepaid card products and processing services, along with life science technology solutions. The company operates as a vertically integrated provider of prepaid card products and processing services for corporate, consumer, and government entities, marketing these solutions under its Paysign® brand. As a payment processor and prepaid card program manager, Paysign generates revenue from all stages of the prepaid card lifecycle. Its payment solutions help corporate customers increase customer loyalty, improve patient adherence rates, reduce administration costs, and streamline operations. In addition to payment solutions, Paysign offers life science technology solutions specifically for blood and plasma collection organizations. These software solutions are marketed under the Apherion™ brand, generating revenue from licensing, hosting, and consulting fees. The company operates on a high-availability payment solutions platform that integrates with client systems, providing end-to-end technologies for secure transaction processing, cardholder enrollment, value loading, account management, data and analytics, and customer service. Paysign's product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments, pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card. Its cards are sponsored by issuing bank partners. Revenues are derived from cardholder fees, interchange, card program management fees, transaction claims processing fees, breakage, and settlement income. Revenue from cardholder fees, interchange, card program management fees, and transaction claims processing fees is recorded when the performance obligation is fulfilled.