Calpian, Inc. (OTCBB:CLPI), a Dallas-based public company engaged in the electronic payment processing business, announced today a third acquisition of merchant residuals from Cooper & Schifrin, LLC (“C&S”). Calpian (The “Company”) acquired additional monthly revenues beginning in December 2011. In exchange for the residuals, the Company paid C&S $280,000.00 in cash and issued to C&S 12,308 shares of the Company’s Common Stock.

Calpian’s Chief Executive Officer, Harold Montgomery, commented, “This transaction marks the third we’ve entered into with Cooper & Schifrin in less than 12 months. The loyalty that C&S has shown to the Calpian program clearly demonstrates that our formula works, is easy to execute and is beneficial to both parties. As demonstrated by C&S, we’ve seen that once a company tries our program once, we can see numerous follow up transactions from the same organization as the benefits are immediately recognized. The Calpian program is different from other residual buy-out programs in the marketplace today in that our partners, such as C&S, are encouraged to continue to build and operate their businesses at their own discretion.”

Kevin Schifrin, Managing Partner of Cooper & Schifrin added, “We could not be more pleased with our experience working with Calpian. Better than working with a bank or private investor, we receive funding immediately, an investment in the stock market and we continue to run our business the way that we always have. We look forward to a long relationship with the Calpian team.”

Details of the residual purchase transaction are disclosed by Calpian in its Current Report on Form 8-K filed with the SEC on November 17, 2011, and is available at www.sec.gov.

About Calpian, Inc.

Calpian, Inc. (OTCBB:CLPI) is a Dallas, Texas-based public company engaged in the electronic payment processing business. Acting as a link in the delivery chain, Calpian works as an intermediary between large processors and merchants to facilitate payment for goods and services at the retail point-of-sale. Calpian acquires its merchant customers from independent sales agents who sell processing services and equipment to merchants on a daily basis. Calpian is part of the community of an estimated 10,000 ISOs that serve approximately 2 million small merchants in the U.S. across all geographies and industries with an estimated $1 billion in annual residuals. Calpian's management team has over 60 years in combined experience in the merchant processing/ISO business. During the ten years that they have worked together as a team in the industry, they have been involved in the successful acquisition of hundreds of portfolios from ISOs and have underwritten hundreds more. In that time, the management team has developed substantial experience in the industry and proprietary underwriting and portfolio monitoring capabilities, which they now bring to Calpian. The Company was founded in 2010 and is headquartered in Dallas, Texas. Please visit our website at www.calpian.com.

About Cooper & Schifrin, LLC

Cooper & Schifrin LLC (C&S) dba the Sterling Buying Group is a Cincinnati, Ohio-based Limited Liability Company founded in 2006. C&S, an independent sales organization (ISO) with a national presence in most major U.S. markets, sells merchant processing services primarily in the business-to-business and card-not-present segments of the payment industry. In addition to merchant processing services, the Company develops and hosts custom payment applications geared to achieve optimal transaction interchange qualification rates and to streamline the accounting and cash reconciliation processes. With annual processed volume in excess of $1 billion dollars, the Company has achieved over 50% revenue growth each year since its inception. For more information, please visit our website www.sterlingbuyinggroup.com.

Cautionary Statement Relevant To Forward-Looking Information:

This press release may contain certain "forward-looking statements" relating to the business of Calpian, Inc. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding: the future expected revenues from acquired residual streams; the general ability of Calpian, Inc. to achieve its commercial objectives, including raising sufficient capital to fund future acquisitions; the business strategy, plans and objectives of Calpian, Inc.; and any other statements of non-historical information. Words such as "anticipates," "expects," "plans," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. The statements are based upon management's current expectations, estimates and projections, are not guarantees of future performance, and are subject to a variety of risks, uncertainties and other factors, some of which are beyond Calpian, Inc.'s control and are difficult to predict, including those discussed in Calpian, Inc.'s periodic reports and registration statements that are filed with the SEC and available on its website (http://www.sec.gov). You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Calpian, Inc. undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.