Exhibit 99.1

PREPAID CARD HOLDINGS, INC. CHANGES NAME TO PREPAYD, INC.
STOCK SYMBOL AND BUSINESS TO REMAIN THE SAME

NEWPORT BEACH, Calif. May 15, 2011 Prepaid Card Holdings, Inc. (OTC:PPDC.PK  -
News) announced today that it has changed its name to PrepaYd, Inc. effective
today.  The Company has notified FINRA of the corporate action and has received
notification from FINRA that the company's name change will take effect on May
12th 2011.  The purpose of the name change is to match the Company's new brand,
"PrepaYd", and to reflect the expansion of the Company's business plan to
provide additional prepaid products besides prepaid debit cards.

About PrepaYd, Inc. FKA Prepaid Card Holdings, Inc.

PrepaYd , Inc. is a provider of financial services in the prepaid debit card
industry. The company, through its wholly owned subsidiary, offers prepaid debit
cards to America's estimated 60 million underbanked citizens. In addition to the
underbanked consumer demographic, small and mid-size businesses have found a
much needed product with the company's Prepaid Business Expense Card Program.
With the diminishing credit card markets, companies need a new way to fund
employees' expenses other than through traditional credit cards or cash
reimbursements. For more information about Prepaid Card Holdings, Inc. visit
www.PrepaYdInc.com .

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 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.

Contact:
PrepaYd Inc.
Nona Vahdat, Investor Relations
949-553-9044 ext 221