Over 1,000,000 Member Union Selects Bank Freedom to Provide Prepaid Debit Card Program to Their Union Membership and Their Families

LAS VEGAS--(Business Wire)--
Prepaid Card Holdings, Inc. (OTCBB:PPDC) announced today that its wholly owned
subsidiary Merchant Processing International Inc. DBA Bank Freedom has been
selected by a union with over 1,000,000 members to provide a prepaid debit card
program for its union membership and their families.

Under the co-branding agreement Bank Freedom will act as the program manager and
the cards issued will bear the union's name and branding. The prepaid debit card
being offered to union members can be used to withdrawal cash at over 1,000,000
ATM`s worldwide and over 30,000,000 merchants worldwide. Specifics of the
contract were not released.

Prepaid Card Holdings, Inc. CEO Bruce Berman stated, "We have been working on
this contract since December 2008 and now it is a reality. We intend to begin
offering our co-branded cards to the union members third quarter 2009 and if all
goes well we expect to see revenue from the program in the fourth quarter of
2009. There is a natural process between card issuance, card delivery, card
usage and revenue recognition that can take several months or more especially in
a program this size. Bank Freedom prides itself in offering a valuable, much
needed financial product as well as a established brand in the prepaid debit
card industry and this contract is a big vote of confidence in Bank Freedom by a
major union."

About Prepaid Card Holdings, Inc.

Prepaid Card Holdings, Inc. through its wholly owned subsidiaries offers
emerging prepaid card solutions that can act as an alternative to a traditional
checking account and debit card. There is no NSF, Overdraft or Bounced Check
charges or fees with a prepaid card. Since the card account is prepaid (usually
with free payroll direct deposit) the company can offer a 100% guaranteed card
account approval (subject to verification of ID.) As the prepaid card industry
evolves more and more employers, unions, federal, state and local governments
are turning to debit cards to make payments to their recipients. According to
market data available, there are an estimated 100 million people in the United
States who don't have a bank account or who can't qualify for a credit card
because their credit scores are too low. This is called the underbanked or
unbanked market. For the unbanked or underbanked, the evolution taking place
with prepaid cards can replace their reliance on check cashing centers, money
orders, and the inability to buy certain products that require a major credit
card.

FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses
any expectations concerning future plans, financial results or performance, such
statements are forward-looking within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities and
Exchange Act of 1934, as amended, and are subject to substantial risks and
uncertainties. Actual results could differ materially from those anticipated in
the forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
hereof and reflect only management's belief and expectations based upon
presently available information. These statements, and other forward-looking
statements, are not guarantees of future performance and involve risks and
uncertainties and the Company assumes no obligation to update any of the
forward-looking statements in this release.

Prepaid Card Holdings, Inc.
Bruce Berman, 949-250-9556 ext. 128
www.PrepaidCardHoldings.com

Copyright Business Wire 2009