Paysign, Inc. Names Matt Lanford Chief Product Officer

Paysign, Inc. (NASDAQ: PAYS), a vertically integrated provider of innovative prepaid card programs and processing services for corporate, consumer and government applications, today announced the appointment of Matt Lanford as Chief Product Officer.

"Matt is a proven industry leader whose expertise will be invaluable as we expand our products digitally and add mobile wallet capabilities,” said Mark Newcomer, CEO, Paysign, Inc. "We are especially pleased to have Matt on board as Paysign continues to focus on implementing strategic priorities; delivering new, innovative solutions and providing the highest level of service to our clients and cardholders.”

Lanford has over 30 years’ experience in the payments industry. Most recently, he served as SVP and General Manager of the Financial Services division of InComm. In this role, Lanford was responsible for InComm’s consumer-facing Vanilla^™ brand suite of products which included Vanilla Gift, MyVanilla general purpose reloadable cards and the VanillaDirect cash-in network.

Prior to InComm, he was with MasterCard holding a variety of roles in both product management and strategy development, including SVP-ESS, Processing and Network Solutions Lead, North America. Prior to the aforementioned position, he was a vice president with the Global Prepaid Product & Solutions Group of MasterCard and the Prepaid Product Lead for Europe based in London. Mr. Lanford had regional responsibility for innovation, product development, go-to-market strategy and commercialization of the MasterCard prepaid portfolio of products.

In 2012, Mr. Lanford was named the Most Influential Figure in European Prepaid Industry in the top spot of the Prepaid Power 10 by a panel of his peers and again in 2013 as the Number One in the European 2013 Payments Power 10.

Earlier in his career, he worked for Citigroup, first as a Vice President of Business Development in its global ATM and PIN POS debit transaction processing business and later as Director of Corporate Investment Bank Global Transaction Services. He has also worked internationally with Euronet Worldwide, Inc., holding positions in Budapest, Hungary and the U.S.

Lanford earned his Bachelor of Science in Computer Science from the University of Arkansas at Little Rock.

About Paysign, Inc.

Paysign, Inc. (NASDAQ: PAYS) is an experienced and trusted prepaid debit card payment solutions provider and integrated payment processor with over 2.5 million cardholders in its portfolio. Paysign designs and develops payment solutions, prepaid card programs, and customized payment services for consumer, corporate and public sector applications.

Paysign’s corporate incentive prepaid cards are changing the way corporations reward, motivate, and engage their current and potential customers, employees, and agents. Paysign’s customizable solutions offer significant cost savings while improving brand recognition and customer loyalty. For over 15 years, healthcare companies, major pharmaceutical companies, multinationals, prestigious universities, and social media companies have relied on Paysign to provide state of the art prepaid payment programs tailored to their unique requirements. Paysign® is a registered trademark of 3PEA Technologies, Inc. in the United States and other countries. For more information visit us at www.paysign.com or follow us on LinkedIn, Twitter and Facebook.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There is no assurance that such statements will prove to be accurate, and actual results and future events could differ materially. Paysign undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

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