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NetSpend Announces Launch of PayPal Prepaid MasterCard

NetSpend logo 140x60pxNetSpend, a leading provider of general-purpose reloadable (GPR) prepaid debit cards, has announced the launch of the PayPal Prepaid MasterCard.

"PayPal has chosen us to be the exclusive program and distribution manager and processor for their GPR card," said Dan Henry, chief executive officer of NetSpend. "We are marketing the PayPal prepaid card online and through our direct mail channels. Through this relationship, we are able to offer the prepaid card to PayPal's 106 million active users."

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