3PEA International has assembled a team of highly experienced and motivated individuals who have decades of experience in their respective fields. This experience translates into a dedicated team of experts who not only understand the needs of your business, but have the skills to conceptualize, develop, implement and support innovative prepaid card programs that are customized to your specific needs.
Co-Founder, Chairman, President and Chief Executive Officer
Mr. Newcomer serves as our President and Chief Executive Officer and has served in this capacity and as a director since March 2006. From February of 2001 to present, Mr. Newcomer served as chairman and CEO of 3PEA Technologies, Inc., a payment solutions company he co-founded in 2001 with Mr. Spence. Mr. Newcomer continues to be a driving force in guiding the company’s growth through technology investments, acquisitions, new product lines, and strategic partnerships. Mr. Newcomer attended Cal-Poly San Luis Obispo where he majored in Bio-Science.
Co-Founder, Director, Chief Information Officer/CTO
Mr. Spence serves as our Chief Information Officer and has served as a director since March 2006. Mr. Spence is responsible for the design and architecture of the PaySign® payments platform. Prior to founding 3PEA Technologies, Inc. with co-founder Mark Newcomer, Mr. Spence was Director of Technology Planning at The Associated Press, the world’s largest news gathering organization with over 4000 employees in 227 countries. In 2007-2008, he was Project Manager for the implementation of Medicare Easyclaim for ANZ Bank in Australia. Easyclaim allows patients and medical practitioners to lodge Medicare claims using the existing EFTPOS infrastructure. In 2010-2011 he was Business Analyst on the EFT and Banking Stream that was responsible for the upgrade of POS Terminals to EMV capability for Australia Post. From 1984-1994, Mr. Spence was with Coca-Cola in Australia implementing financial and line of business systems for Coca-Cola operations worldwide. During his time at 3PEA he has designed and developed EFTPOS terminals, Secure Key Injection Systems, EFT Processing Systems, Card Management Systems and Web Services for the company. He has certified several financial interchanges in the ISO8583 and AS2805 standards to various EFT networks in the United States and Australia. He has been employed in senior IT roles for over 30 years with more than a decade in payments processing.
Joan M. Herman
Chief Operating Officer
Ms. Herman serves as our Chief Operating Officer. She is responsible for executing and implementing the daily operations of the organization. Prior to joining 3PEA International, Ms. Herman was Senior Vice President, Payments Division at Sunrise Banks. Ms. Herman begin her career in payments almost 30 years ago holding various management positions in operations, product development and sales and marketing on both the issuing and acquiring sides of the card business. She has worked at UMB Bank in Kansas City MO, Boatmen’s Bank (now Bank of America), Heartland Bank and has served as a Director at Heartland Payment Systems from 1997 to 2006. Ms. Herman is a member of the Board of Directors of the National Branded Prepaid Card Association (NBPCA) and serves as its Treasurer. Ms. Herman earned her B.A. and M.A. in business and marketing from Webster University, St. Louis MO.
Chief Financial Officer
Mr. Polan serves as our Chief Financial Officer, being appointed in October, 2015. Mr. Polan served as our VP of corporate Finance from October 2013 to October 2015 and VP of Investor Relations from June 2012 to October 2013. From November, 1983 to June 2012, Mr. Polan held various positions in the retail brokerage industry and was licensed as a general principal, options principal and municipal bond principal. Mr. Polan received his BS Degree in Business Administration from The State University of New York at Buffalo.
Anthony DePrima, Esq.
Director, Secretary, Chief Legal Officer
Mr. DePrima serves as our Secretary and has served as a director since October 2009. Mr. DePrima is a highly experienced attorney licensed in Arizona with broad corporate management experience. He has been an active member of the State Bar of Arizona since April 1967 to the present, and a former member of the American Bar Association. During this time he served as a Member of the U.S. Department of Commerce District Export Council for District of Arizona, and Chairman of the International Section of the Arizona Bar, Chairman of the Legal Advisory Committee of the Arizona Mexico Commission, and Director of the Arizona Mexico Commission. His law practice has included Corporate, Commercial, Business, International Trade and US Customs Law, as well as general trial practice with numerous court and jury trials. Mr. DePrima is currently a member of DePrima Law, PC. He is a Director and General Counsel of Coal Brick Oven Pizzeria, Inc., a Delaware corporation (Grimaldi’s Pizzeria chain of restaurants). For over 20 years he has been Director and Secretary of Media Concepts, Inc., an Arizona corporation which publishes Native Peoples Magazine. From 1983 to 1998 he held various management positions in American Architectural Products Corporation, a NASDAQ traded company, including Chief Executive Officer, President, Secretary, Executive Vice President, Executive Vice President, Chief Financial Officer, Vice President General Counsel, and Chairman of Board of Directors. Through the years he has held positions of Director, Chief Executive Officer, President, Secretary, Executive Vice President, and Chief Financial Officer of medium sized publicly traded companies. Mr. DePrima has a BS in General Business from Arizona State University School of Business, and Juris Doctorate from the University of Arizona.
Senior Vice President , Operations
An integral part of our management team since 2012, Ms. Borrero oversees 3PEA’s Prepaid Operations. With 25 years of leadership experience in Financial Services, Acquiring, Issuing and Compliance, Ms. Borrero’s career has spanned the banking sector, prepaid processing and card program management. Beginning with ROTC Training at Great Western Bank, Ms. Borrero spent the better part of her career holding a number of positions at Coast-Tel Federal Credit Union and Monterey County Bank. In 1997 Ms. Borrero became a partner in Creative Card Consulting, who provided services to Financial Institutions for the establishment and management of Prepaid Card Programs and ATM Acquiring. In 2001 Ms. Borrero was promoted to Senior Vice President of CloudCover, a Creative Card Consulting company.
Senior Vice President, Business Development
Mr. Negron serves as our Senior Vice President, Business Development. Mr. Negron is a veteran of the BIO/Pharmaceutical services industry with a record of over 25 years of success and achievement in accelerating revenue growth, increasing profitability and expanding market footprint for his Bio/Pharmaceutical clients. Mr. Negron brings to 3PEA a wide-ranging, creative and leadership background spanning from military service as a logistician and detachment commander, to manufacturing, quality, marketing and sales.
Mr. Negron has consulted with some of the most successful brand launch teams and product manufactured by leaders including Alcon, Allergan, Eli Lilly, Novartis, Mylan and Pfizer. Mr. Negron is a persuasive relationship builder with an extensive network of contacts within the Pharmaceutical industry.