NetSpend Corporation is a leading provider of reloadable prepaid debit cards and related financial services to underbanked consumers in the United States. NetSpend serves the estimated 60 million underbanked consumers who do not have a traditional bank account or who rely on alternative financial services.
Since 1999, their products have enabled more than 7 million consumers to make purchases, pay bills and manage their money without the need for a checking account or credit history.
NetSpend’s extensive distribution network provides consumers the ability to purchase and reload prepaid debit cards at more than 100,000 locations, such as retailers, check cashers, convenience stores, grocers, insurance providers, tax preparers and many others. In addition, their direct distribution channel reaches consumers beyond our store-based distributors. NetSpend is also a leading provider of corporate payroll card solutions, which not only benefit employees, but also help employers achieve 100% paperless payroll system.
NetSpend is traded on the NASDAQ stock exchange under the symbol NTSP. The company is based in Austin, Texas with additional offices in Atlanta, GA;, Charlotte, NC; Leawood, KS; and San Mateo, CA.