Tranche Update on Paysign, Inc.'s Equity Buyback Plan announced on March 22, 2023.
November 07, 2023 at 04:00 pm EST
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From July 1, 2023 to September 30, 2023, the company has repurchased 75,000 shares, representing 0.14% for $0.15 million. With this, the company has completed the repurchase of 394,558 shares, representing 0.75% for $1.13 million under the buyback announced on March 22, 2023.
Paysign, Inc. is a vertically integrated provider of prepaid card products and processing services for corporate, consumer and government applications. The Companyâs payment solutions are utilized by its corporate customers as a means to increase customer loyalty, increase patient adherence rates, reduce administration costs and streamline operations. Public sector organizations can utilize its payment solutions to disburse public benefits or for internal payments. It markets its prepaid card solutions under its Paysign brand. It operates on a payments platform with cutting-edge fintech capabilities that can be seamlessly integrated with its clientsâ systems. This distinctive positioning allows it to provide end-to-end technologies that securely manage transaction processing, cardholder enrollment, value loading, account management, data and analytics, and customer service. Its suite of product offerings includes solutions for corporate rewards, prepaid gift cards and others.