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NetSpend, Advance America Announce Distribution Agreement

NetSpend and Advance America have announced an agreement "that makes prepaid, reloadable debit cards and gift cards available at just over 2,600 Cash Advance Centers across 35 states. Advance America, the country's leading provider of payday cash advance services, now makes prepaid cards a key component of its current suite of services in the United States."

NetSpend Chief Executive Officer Daniel R. Henry said, "We are very proud and excited that Advance America has chosen NetSpend for this important program. We feel our products and processing platform allow us to develop ground breaking products for Advance America's customers. These products provide Advance America the opportunity to build new and extend the existing, strong relationships with their customers."

"We chose to work with NetSpend because of its leadership in the marketplace and the company's ability to provide a feature rich solution," said Advance America Chief Executive Officer Ken Compton. "We are always looking for ways to better meet the needs of our customers, and NetSpend will help us do that."

The cards are being issued by MetaBank, member FDIC.

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