PaySpot is a subsidiary of e-payments firm Euronet Worldwide, which reported on July 30 second-quarter revenue of $264.5 million, up 13 per cent from $233.4 million last year.

"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.