NetSpend Holdings, Inc.
Company Information

NetSpend Holdings, Inc. Company Profile

For some underbanked consumers, it's "nothing but net". NetSpend offers prepaid debit cards to people who can't or don't want to deposit their money in a bank. The company offers pre-paid MasterCard or Visa-branded debit and payroll cards directly to consumers via the Internet or through major check cashers (such as ACE Cash Express), convenience stores, and supermarkets. Clients can reload their cards for a fee at more than 130,000 locations. NetSpend's cards include features such as direct deposit, bill pay, savings accounts, and transfers. The company targets the more than 60 million underbanked consumers in the US and has more than 2 million active cards. NetSpend is being acquired by Total System Services.