News from the Wire

Calpian acquires Pipeline Data, rebrands as Calpian Commerce

Monday, March 18, 2013 — 12:04:15 (EDT)

Dallas, March 18, 2013 -- Calpian, Inc.(OTC:CLPI) announced today that it has completed the purchase of the assets of Pipeline Data, an Atlanta, GA-based payments company offering proprietary payments-related software and services and third-party payment platforms. Calpian, Inc. has renamed the organization Calpian Commerce.

Calpian Commerce will combine the benefits of Pipeline’s superior product offerings with Calpian’s unparalleled industry and marketing experience to better serve its U.S. market of small to mid-sized merchants, ISOs and Agent Bank customers. Calpian Commerce will offer an integrated payment solution to meet the evolving needs of all types of merchants including brick-and-mortar, Internet, mobile and card-not-present merchants.

Leading the new organization will be Calpian, Inc.’s President, Craig Jessen. “We are very excited to form Calpian Commerce and to apply our industry experience into creating a fully-integrated payments company that offers best-in-class service to each of our customer constituencies. We are working with the very talented team, formerly of Pipeline Data, to assimilate all products under the Calpian Commerce umbrella to ensure a seamless transition for all involved. This acquisition represents Calpian Inc.’s commitment to becoming a world-class payments company with leading-edge solutions for virtually every payment scenario.”

About Calpian, Inc.

Calpian, Inc. (CLPI) is a publicly traded company with corporate offices in Dallas, Texas, operating centers in Georgia, New York and Illinois and mobile payments emerging-market operations through its subsidiary in India.

Calpian's wholly owned subsidiary, Calpian Commerce, provides the merchant community with an integrated suite of payment platforms and related software based products. Calpian Commerce offers access to leading third party payment platforms to process credit and debit card transactions, ACH, mobile acceptance and gateway payment solutions to merchants in the U.S. operating in the physical “brick and mortar” environment as well as over the Internet, and in settings requiring wired as well as wireless/portable payment solutions. Calpian Commerce delivers its products and services to merchants via three delivery chains: a direct sales force, ISOs and Agent Banks.

Calpian’s Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution, to more than 126,000 Indian retail locations. Calpian’s management team has over 70 years in combined experience in the payments business. Calpian’s CEO, Harold Montgomery, is a recognized industry leader who has provided expert testimony to the U.S. Congress and Federal Reserve Bank on payments-related issues and regularly appears in numerous industry publications, such as Transaction World Magazine. Please visit our website at www.calpian.com for more information.

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Source: Company press release.