October 01, 2016 12:27 AM 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: 53
Executive Vice President of Direct Channel
Senior Vice President of Partner Channel
General Manager of Retail Channel
Compensation as of Fiscal Year 2016.

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.

Similar Private Companies By Industry

Company Name Region
1031 Corp. United States
1800Pay, Inc. United States
1st Franklin Financial Corporation United States
2011-SIP-2 Venture, LLC United States
2262011 Ontario-Delaware Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact NetSpend Corporation, please visit www.netspend.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.