Calpian, Inc. Completes Residual Purchase

Calpian, Inc. (OTCBB:CLPI), a Dallas-based public company engaged in the electronic payments industry, announces the September 30, 2011 acquisition of additional merchant residual payments. Calpian paid a cash amount of $2,575,000 in exchange for the residuals, which are expected to generate recurring revenue to the Company every month.

Calpian’s Chief Executive Officer, Harold Montgomery, commented: "We are very excited to close this acquisition. Bringing these merchants and revenues to Calpian moves us forward in our business plan rapidly. We believe that this is a major turning point for Calpian and our ISO partners.”

Details of the residual purchase transaction are disclosed by Calpian in Form 8-K filed with the SEC on August 24, 2011 and are 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. Calpian was founded in 2010 and is headquartered in Dallas, Texas. Please visit our website at www.Calpian.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.