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October 13, 2015 8:01 PM ET

Consumer Finance

Company Overview of NetSpend Corporation

Company Overview

NetSpend Corporation provides reloadable prepaid cards and related financial services to underbanked consumers who do not have a traditional bank account or who rely on alternative financial services in the United States. It offers FDIC-insured Visa and MasterCard prepaid cards to make purchases, pay bills, and manage their money without the need for a checking account or credit history. The company also provides corporate payroll card solutions that help employers offer employees with a direct deposit option. It offers its solutions via its direct distribution channel and online portal, as well as through a network of distribution locations and reloads points, such as neighborhood retailers...

701 Brazos Street

Suite 1200

Austin, TX 78701

United States

Founded in 1999





Key Executives for NetSpend Corporation

Age: 52
Executive Vice President of Direct Channel
Senior Vice President of Partner Channel
General Manager of Commercial Prepaid
General Manager of Retail Channel
Compensation as of Fiscal Year 2015.

NetSpend Corporation Key Developments

Meta Payment Systems Extends Relation Ship with NetSpend

MetaBank's payment solutions division, Meta Payment Systems announced recently that it has signed a five-year agreement to extend its relationship with NetSpend. MetaBank and NetSpend have been working together to issue prepaid cards for nearly 10 years.

Brink’s Global Payments, LLC and NetSpend Launch Brink’s Prepaid MasterCard®

Brink’s Global Payments, LLC, in partnership with NetSpend announced the launch of the Brink’s Prepaid MasterCard® issued by BofI Federal Bank. The Brink’s prepaid card appeals to consumers seeking peace of mind from a secure and stable money management solution. Consumers using the Brink’s card have access to many convenient and flexible features to accommodate their busy, on-the-go lives, including direct deposit up to 2 days faster1, 24/7 access to their account with an online account center and smartphone apps, virtual cards for online shopping and free online money transfers to other cardholders. The move by Brink’s into general purpose reloadable prepaid cards is the company’s latest push in the North American consumer payments market and brings a respected and familiar consumer brand to a high-growth market. Rates of prepaid card ownership jumped from one in five in 2012 to one in four in 2013 among respondents to an annual online survey conducted by the Federal Reserve Bank of Philadelphia2.

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