Terms of the Settlement Agreement

To settle this case, Speedypin Prepaid (a) acknowledged that it is required to obtain Commission approval before selling prepaid phone cards in California; (b) admitted that its efforts to ensure compliance with this legal requirement had not been completely successful; (c) represented that it would fully comply with this and all other applicable regulatory and legal requirements in the future; and (d) agreed to pay a fine of $13,000 to the General Fund of the State of California within 30 days of the date of the Commission's approval of the settlement.