NetSpend has announced an agreement with QC Financial, provider of payday loans, for a prepaid debit card program.
"NetSpend is thrilled that QC Financial has selected to work with us on their first prepaid card program," said NetSpend Chief Executive Officer Daniel R. Henry. "Our processing platform allows us to develop ground breaking products that will now be available for QC's customers."
"We chose to work with NetSpend because of their expertise with prepaid products and their leadership in the marketplace," said QC President Darrin Andersen. "NetSpend has proven itself to be a preferred partner for payday loan companies and we look forward to extending these cards to our customers."
The cards will be issued by MetaBank, member FDIC.