NetSpend(R) and Advance America Enter Agreement, Begin Successful Program
February 21 2008 - 9:00AM
PR Newswire (US)
Will offer Prepaid, Reloadable Debit Cards and Gift Cards in 2,600
Cash Advance Centers AUSTIN, Texas, Feb. 21 /PRNewswire/ --
NetSpend Corporation, one of the premier providers of prepaid
solutions in the United States, has entered an agreement with
Advance America, Cash Advance Centers, Inc. and rolled out a
successful program 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.
NetSpend Chief Executive Officer Daniel R. Henry said, "We are very
proud and excited that Advance America has chosen NetSpend for this
important program. We feel our products and processing platform
allow us to develop ground breaking products for Advance America's
customers. These products provide Advance America the opportunity
to build new and extend the existing, strong relationships with
their customers." "We chose to work with NetSpend because of its
leadership in the marketplace and the company's ability to provide
a feature rich solution," said Advance America Chief Executive
Officer Ken Compton. "We are always looking for ways to better meet
the needs of our customers, and NetSpend will help us do that." The
cards are being issued by MetaBank, member FDIC. About NetSpend
Corporation NetSpend Corporation is one of the premier providers of
innovative, accessible prepaid debit cards that enable financial
freedom for under-banked consumers. Grounded by a mission of
financial empowerment, NetSpend is committed to meeting its
customers' financial services needs on their terms while offering
the convenience, security and acceptance of conventional financial
services. NetSpend's proprietary processing platform allows it to
support prepaid card programs end-to-end from customer acquisition
and card fulfillment to customer service and risk management. The
NetSpend(R) Prepaid Card Network includes leading consumer brands
and companies serving the un-banked and under-banked markets, and
its strategic relationships include card issuers, EFT networks and
payment card associations. For more information, visit
http://www.netspend.com/. About Advance America: Founded in 1997,
Advance America, Cash Advance Centers, Inc. is the country's
leading provider of payday cash advance services with approximately
2,800 centers and 85 limited licensees in 35 states, the United
Kingdom, and Canada. The Company offers convenient, less-costly
credit options to consumers whose needs are not met by traditional
financial institutions. The Company is a founding member of the
Community Financial Services Association of America (CFSA), whose
mission is to promote laws that provide substantive consumer
protections and to encourage responsible industry practices. About
MetaBank MetaBank is a federally-chartered savings bank
headquartered in Storm Lake, Iowa. Meta Financial Group, Inc.(R) is
the bank holding company for MetaBank, MetaBank West Central, Meta
Payment Systems(R), and Meta Trust Company(R). The Meta Payment
Systems division of MetaBank based in Sioux Falls, South Dakota,
serves banks, processors, and third party marketers by providing
prepaid cards, credit cards, ACH origination, merchant acquiring,
ATM sponsorship, and money transfer. Meta Financial Group is traded
on the NASDAQ - Global Market: CASH. For more information call
605.275.8052 or visit http://www.metacash.com/. Contact For
NetSpend : Amy Shields or Meghan Butler GCI Read-Poland for
NetSpend Corporation (512) 472-4122 DATASOURCE: NetSpend
Corporation CONTACT: Amy Shields or Meghan Butler, both of GCI
Read-Poland, +1-512-472-4122, for NetSpend Corporation Web site:
http://www.netspend.com/ http://www.metacash.com/
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