SAN DIEGO, CA--(Marketwired - Apr 22, 2013) - [ The SpendSmart Payments Company ] (OTCQB: [ SSPC ]), a provider of payment solutions that support smart spending habits -- helps cardholders and their families implement the values of financial literacy every day. For over a decade, April has been recognized as [ National Financial Literacy Month ]. Each year the importance of financial literacy, and in particular the importance of learning financial responsibility at a young age, is gaining increasing awareness.

The SpendSmart Payments Company is dedicated to encouraging families to talk about money and come together to make intelligent financial decisions. The Company's flagship product, a prepaid card designed for teens, offers young people an effective and risk-free way of learning responsible spending while also empowering parents with controls and monitoring including real-time text alerts on their teens' spending habits. In the United States, [ an estimated 25.6 million teens spend approximately $209 billion per year ]. Parents and teens now have a way to make this spending more transparent and create teachable moments.

"Financial literacy month calls on all Americans to improve their understanding of financial principles and practices. SpendSmart is supporting families and their teens towards this goal," stated Mike McCoy, CEO of The SpendSmart Payments Company. "Even Warren Buffett, the legendary smart money person of our time, is now offering a financial education program to young children. All Americans at all ages can benefit from greater financial literacy. The SpendSmart Payments Company is proud to support future adults in building financial confidence, capability and responsibility."

In a recent article published by [ Fast Company ], Warren Buffet was asked about his animated series Secret Millionaires Club which aims to educate children about financial matters. His response, "There is no better time to teach kids about financial matters. If we can help kids understand money matters and the consequences of their decisions, we can help them develop healthy habits early on that will serve them a lifetime."

To hear what The SpendSmart Payments Company CEO and the mother of a teenager actually using the product has to say about the card, please visit: [ http://www.prnewswire.com/news-releases/the-spendsmart-payments-company-launches-real-talk-series-to-promote-teen-financial-literacy-featuring-justin-bieber-202708401.html ]

For more information, please visit: [ www.spendsmartcard.com ]

About The SpendSmart Payments Company
The SpendSmart Payments Company, Inc. (OTCQB: [ SSPC ]) is making money smarter. The Company's primary product, the SpendSmart prepaid card for teens, offers resources to families with teens who want to learn responsible spending habits. The SpendSmart card provides its users with modern methods of developing financial literacy, centered around a card solution for parents who aim to guide their teens in making sensible, economic choices. The card helps open the lines of communication between parent and teen by tracking spending in real time and, ultimately, creates teachable moments around smart spending habits. For more information, please explore [ www.spendsmartcard.com ].

Safe Harbor Statement
Certain statements contained in this press release are "forward-looking statements" within the meaning of federal securities laws, including, without limitation, anything relating or referring to future financial results and planned business activities. Such statements are inherently subject to risks and uncertainties, which include, without limitation, those in Company reports filed with the SEC. The Company can give no assurance that such expectations will prove correct. Future events and actual results could differ materially from those statements.