NetSpend’s History
NetSpend was started out of an apartment in 1998 primarily by two brothers who had immigrated to the U.S. in the 80′s. Bertrand and Roy Sosa were inspired by the lack of financial tools available to many people in the markets without traditional bank relationships, established credit or challenged credit histories. With an initial investment of less than $1000, the Sosa brothers endeavored to bring the unbanked and underbanked populations all of the safety, flexibility and usability associated with credit and debit cardholders. As the underbanked consumer market approaches 100 million, NetSpend continues to be a leader and innovator in the prepaid debit card arena with over 7 million customers since their inception.
NetSpend’s Product Line
A solid and ever expanding distribution network of over 100,000 locales has enabled customers to not only buy prepaid product, but load or reload cash on previously purchased cards. The enormous distribution channel consists of neighborhood convenience outlets, check cashing venues and various retail merchants across the country. As a continuous innovator in the prepaid markets, NetSpend products help non-banked consumers pay bills online, purchase with plastic from retail merchants, buy from online stores and manage their finances electronically without having to visit a brick-and-mortar institution or possess a paper checking account. MasterCard and Visa both offer network-branding to various prepaid cards included in the NetSpend product cache. Other client relationships include corporations wishing to eliminate wasteful paper transactions and move to a paperless system benefiting employees and payroll departments. Skylight Payroll Cards are also marketed through Visa and MasterCard along with an online portal for company workers to access W-2 and pay period statements.
Advantages of NetSpend Products
Besides being one of the industry leaders in innovation, NetSpend has been solid in terms of sheer size and stability. NetSpend’s prepaid tools include a vast array of features and benefits that have helped shape the market landscape. Some of the notable product elements include – online account management capabilities, FDIC insurance, potentially lower-cost alternative to check-cashing centers or banks, customer support services, free direct deposit, no fear of carrying cash, world-wide acceptance of Visa/Mastercard and no driving to the bank and standing in line. NetSpend prepaid cards also come with technological benefits like Anytime Alerts to cell phones through iPhone and Android apps. Other spiffs might include the ability to customize a prepaid card, prescription discounts and redeemable payback rewards.
| About NetSpend, Corp. |
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| Stock Symbol: | NASDAQ: NTSP |
| Website: | http://www.netspend.com |
| Corporate Headquarters: | Austin, TX |
| Address: | You can contact Netspend Corporation as follows: By Phone: 1-86-NETSPEND By Email: customerservice@netspend.com By Mail: NetSpend Corporation PO Box 2136 Austin, TX 78768-2136 |
NetSpend, Corp. Debit Cards
NetSpend MasterCard Prepaid Card (Pay As You Go Version)
Millions of prepaid debit customers prefer NetSpend financial tools given the company’s size, product flexibility and security. The “Pay as You Go” NetSpend Prepaid MasterCard is a superior product for prepaid card holders that tend to only use it occasionally. Besides the Pay As You Go plan, NetSpend also provides the “Fee Advantage” plan, and the “Premier Fee Advantage” plan (direct deposit only) for those customers that have a desire to transact more frequently. |
Pink ACE Elite Visa Prepaid Card
The ACE Express Elite “Pay As You Go” plan prepaid Visa Debit card is offered jointly with NetSpend Corporation, an innovator in the prepaid card space. The ACE Elite Pink Visa has excellent features and benefits along with a benevolent offering. ACE has joined the fight to “Swipe Out” breast cancer. With every swipe of the Pink ACE Elite Visa prepaid debit card, a portion of the proceeds are donated to the National Breast Cancer Foundation. So, not only do you get some of the great benefits offered by ACE Elite Visa, including – faster payment when using direct deposit, a no fee $10 purchase cushion, money sharing via card to card transfers, text alerts, FDIC protection and a rewards program, but you are also helping to fight this dreaded disease with every purchase. |
NetSpend Prepaid Visa Debit Card (Pay As You Go Version)
NetSpend Corporation continues to astound the masses with some of most flexible and consistent prepaid debit card products around. The NetSpend Prepaid Debit Visa card is a spectacular financial device brought to you in three varieties – a PAY AS YOU GO card (see review below), a FEE ADVANTAGE card, and the powerful PREMIER FEE ADVANTAGE card (requiring direct depost). The Pay as you Go plan was developed for light shoppers and those that really only use the card occasionally. |
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NetSpend Prepaid Visa Debit Card (Premier Fee Advantage Version – with Direct Deposit)
The NetSpend Visa prepaid debit card is offered by none other than NetSpend, one of the leading financial players in the prepaid arena. The NetSpend Prepaid Visa Premier Fee Advantage is a robust prepaid financial tool geared toward customers that get a lot of use out of their prepaid card. The NetSpend prepaid product line also comes in a “Pay as You Go” plan and a “Fee Advantage” plan. The Premier plan gives card holders extra benefits when using direct deposit. |
ACE Elite Visa Prepaid Card
You might have noticed one of the many ACE Cash Express local merchants in your neighborhood offering financial services and transactions. In conjunction with NetSpend Corporation, The ACE Express people bring you the ACE Elite prepaid Visa Debit card. If you tired of high interest charges on credit cards due to challenges on your credit report, have been declined by a bank or maybe tired of bank overdraft fees, then check out the ACE Elite prepaid Visa debit card family. |
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ACE Elite Visa Prepaid Card (not using direct deposit)
The ACE Express Elite Fee Advantage prepaid Visa Debit card is easy to get. No credit check, no obligation or application fee to forfeit either. The ACE Elite Fee Advantage Visa monthly plan is safe for your tax refund, cash load or paycheck direct deposit since all deposits are backed by FDIC. You are also protected against fraud with Visa’s Zero Liability Protection Plan. You can get the Elite Visa’s Pay as You Go plan or the Fee Advantage plan if you want a little more purchasing power and variety. |
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