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NetSpend

Welcome to the News View for "NetSpend".

Here, on these archive pages, you'll find all of the articles on Payments News for NetSpend listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 03, 2014

Headline News from PaymentsNews.com - April 3, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

July 01, 2013

Headline News from PaymentsNews.com - July 1, 2013

On the web:

On the wires:

  • Intuit Announces Next Phase of Structural Moves; Organizational Foundation Now in Place - "The divestiture of Intuit Financial Services reflects Intuit’s strong commitment to intensify its focus on small business and consumer tax. As a result, the company signed a definitive agreement to sell IFS to Thoma Bravo for $1.025 billion, pending regulatory review."
  • Thoma Bravo to Acquire Intuit’s Financial Services Business - "Thoma Bravo’s acquisition of IFS is consistent with our strategy of buying great technology franchises with significant recurring revenue,” said Orlando Bravo, managing partner at Thoma Bravo."
  • TSYS Completes Acquisition of NetSpend - "This is a transformational day for everyone at TSYS and NetSpend, as this deal brings together two companies with a shared vision and purpose that focuses on meeting the needs of people. It also takes TSYS closer to the consumer than we have ever been before..."

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

February 19, 2013

TSYS to Acquire NetSpend

Tsys logo 140pxTSYS announced that it will acquire NetSpend in an all cash transaction valued at approximately $1.4 billion.

“The NetSpend acquisition is truly a transformational event for TSYS and consumers alike. It enables us to meet our strategic goals of diversifying our business, being a more innovative payment solutions provider and expanding our role within an area of payments that is expected to grow at a 20% annual rate over the next four years. The acquisition also complements our already strong presence in the prepaid processing space,” said Philip W. Tomlinson, chairman of the board and chief executive officer, TSYS.

NetSpend’s extensive distribution network provides consumers the ability to purchase prepaid debit cards at more than 62,000 distributing merchant locations.

November 15, 2012

LevelUp to Provide Mobile Payments at Louisville's KFC Yum! Center

Levelup logo 140pxThe KFC Yum! Center is the first sports arena to allow visitors to pay with their mobile phone at all hospitality and merchandise stands thanks to hospitality partner Centerplate, which announced that it has tapped LevelUp to provide the KFC Yum! Center's mobile payment experience at 200 merchandise and hospitality stands.

"The KFC Yum! Center is at the forefront of the mobile payment revolution by adopting LevelUp at massive scale throughout the arena," said LevelUp's Seth Priebatsch. "Now anyone visiting the KFC Yum! Center can have a dead-simple way to pay and get rewarded for their loyalty. We're excited to be a part of such an innovative approach from Lousiville's largest venue."

In related news, LevelUp also announced a partnership with NetSpend that will offer a $10 incentive to consumers who link their NetSpend prepaid cards to their LevelUp accounts.

November 05, 2012

June 28, 2012

March 13, 2012

February 15, 2012

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."

January 25, 2012

May 03, 2011

April 20, 2011

February 23, 2011

February 07, 2011

January 31, 2011

December 16, 2009

InComm, NetSpend Announce Prepaid Card Distribution Partnership

NetSpend_logo-140px.jpgInComm and NetSpend has announced a distribution agreement that the two companies say "will give many of InComm’s retail partner locations the opportunity to sell and reload the NetSpend general purpose reloadable debit card. InComm — the industry’s largest retail distribution network — will further add to NetSpend’s reload network of 93,000 locations." READ MORE »

October 02, 2009

NetSpend Releases First “National Spending & Savings Index”

NetSpend_logo-140px.jpgNetSpend has produced a new National Spending & Savings Index finding that even though the economy is showing early signs of a turnaround, low-to-moderate-income consumers are still closely watching what they spend on goods and services and spending more this year on groceries, travel/entertainment and utilities. READ MORE »

September 23, 2009

NetSpend Adds “Virtual Card”, Online Financial Management Tools

NetSpend_logo-140px.jpgNetSpend has announced the availability of the first “virtual” card to be tied to an existing prepaid debit card account and a suite of online financial management and budgeting tools including a visual spending history report, online budgeting application and budgeting “report card.” NetSpend says these new products and applications "provide a level of convenience and security currently not provided to the estimated 50-100 million underbanked consumers in the United States." READ MORE »

August 18, 2009

NetSpend Signs Prepaid Distributor Agreement With Check City

NetSpend and Check City, a check cashing and payday loan provider in the Mountain West and Mid-Atlantic regions, have announced a distributor agreement in which NetSpend will be the chain’s exclusive prepaid debit card provider. According to the two companies, "with 70 stores in Nevada, Utah, Virginia, Maryland and Colorado, Check City will increase NetSpend’s check cashing distribution in these regions and is expected to drive significant card sales and direct deposit enrollments." READ MORE »

May 27, 2009

Billeo, NetSpend Announce Online Bill Pay Service for Prepaid Cards

Billeo and NetSpend have announced an online service designed to help consumers pay their bills using their NetSpend cards, giving them access to financial tools that the majority of Americans now enjoy. Under the terms of the agreement, consumers that have a NetSpend card will be able to access a searchable online directory of billers that accept the card. Billeo will also provide a free, downloadable toolbar to help cardholders manage their bills. READ MORE »

May 08, 2009

MoneyGram Partners with NetSpend for Prepaid Card Reloading

MoneyGram and NetSpend have announced an agreement that will enable NetSpend prepaid debit card holders to be able to load value to their cards in a real-time, single-step transaction at any of the 40,000 MoneyGram ExpressPayment agent locations nationwide. According to the two companies, the agreement brings the number of locations that NetSpend customers can reload their prepaid debit cards to approximately 90,000. READ MORE »

April 16, 2009

CFSI Studies Consumers' Views on Prepaid Cards

The Center for Financial Services Innovation has released a new report titled "A Tool for Getting By or Getting Ahead? - Consumers' Views on Prepaid Cards (PDF of the full report)." The authors studied both AccountNow and NetSpend and said: "Prepaid cards are a helpful financial tool, and users appreciate their features. Prepaid cards may also help consumers achieve short-term financial goals, such as paying off debt and accumulating emergency savings. However, achieving longer-term financial goals will likely require more intensive and comprehensive services and products that extend beyond what prepaid cards currently offers."

February 19, 2009

NetSpend, Winn-Dixie Introduce Prepaid Reloadable Debit Card

NetSpend and Winn-Dixie have announced the introduction of a prepaid, reloadable debit card in all 520 stores in the southeast. Jacksonville, Florida-based Winn-Dixie will be a distributor of general purpose prepaid reloadable debit cards developed, marketed and processed by NetSpend as an agent of Inter National Bank, the issuer of the cards. READ MORE »

October 14, 2008

NetSpend Forms Emerging Markets Channel For US Hispanics

NetSpend Corporation has announced the formation of an Emerging Markets Channel that it says is based on a memorandum of understanding recently entered into by NetSpend and Procesa International, LLC for the acquisition by NetSpend of Procesa International's assets. READ MORE »

September 02, 2008

NetSpend, Axcess Financial Announce Alliance

NetSpend has announced an alliance with Axcess Financial alliance to create the NetSpend Axcess Prepaid MasterCard (the Axcess Card), a general purpose reloadable prepaid debit card, and enables the Axcess Card and the NetSpend National Savings Program to be available to thousands of customers across the country through Axcess Financial's distribution channels. READ MORE »

July 03, 2008

Payments Professionals Management Changes

We have received news of the following recent management changes:

  • NetSpend has announced several senior management appointments including Frank Cotroneo as chief operating officer responsible for NetSpend's operations, finance and accounting, and business information, Anh Vazquez executive vice president responsible for NetSpend's online channel, and Tom Cregan as executive vice president and general manager, responsible for NetSpend's check cashing, payday loan, and general retail channels.

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June 26, 2008

NetSpend, Skylight Financial Announce Merger

NetSpend and Skylight Financial have announced signing of a definitive merger agreement to combine business operations. They say that "the merger forms one of the largest private companies dedicated to meeting the financial services needs of unbanked and underbanked consumers in the United States." READ MORE »

June 10, 2008

NetSpend Founders Launch MPower Ventures

Rebecca Buckman writes for the Wall St. Journal that NetSpend's founders, Roy and Bertrand Sosa, have started a $100 million investment fund named MPower Ventures to make investments in new startups pursuing the unbanked market.

June 09, 2008

NetSpend, QC Financial Enter Agreement for Prepaid Debit Cards

NetSpend has announced an agreement with QC Financial, provider of payday loans, for a prepaid debit card program. READ MORE »

March 03, 2008

NetSpend, Procesa International Sign Cross-Border Agreement

NetSpend has announced it has entered into an agreement with Procesa International to offer NetSpend customers the ability to pay bills or load minutes to cell phones for friends or family members living in Mexico, Central or South America.

READ MORE »

February 21, 2008

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."

READ MORE »

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