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Q1 2013 earnings report had to be that the company was shaking off the increased competition in the prepaid debit card arena...Ironically, the leading independent prepaid card provider for the underbanked has been able to fend off a good portion of
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Tuesday reported a first-quarter profit of $57 million, or 31 cents share. San Antonio, Texas-based NetSpend is on track for completion this summer. NetSpend is a company that specializes in offering prepaid debit cards to underbanked customers.
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He is an investor and board member of BillFloat and Personal Capital. The Occupy Wall Street protestors are gone (for now), but the real revolution against banking is still taking place at breathtaking speed, thanks to a new breed of technology
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If you haven't heeded my constant browbeatings to keep a close eye on the financial services sector, then you're getting a rude awakening today...AXP ) and JPMorgan Chase pushed their way into the market...Green Dot suffered through a disastrous
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Tuesday said it is purchasing Texas-based NetSpend, a company that specializes in offering prepaid debit cards to 68 million consumers. The transaction, which will need regulatory approval, is expected to close by the middle of this year. It gives
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Indian Bank has beefed up its card product portfolio (credit/debit/prepaid) with prepaid gift and travel cards and hopes to rake up good sales numbers for its new cards by the end of this fiscal, said a top official. Speaking to reporters here
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GiftCards.com , the industry leader for online gift cards, today announces the issuance of groundbreaking patents covering the secondary gift card market and the prepaid account market. United States Patents Nos. April 10 , 2012. These patents
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Wells Fargo also began offering a prepaid card in March, Regions Bank has one, and other large and regional banks are preparing or considering a launch. The banks' motivation: to tap the booming prepaid market and obtain new sources of revenue to
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PayPal's Prepaid Mastercard to 7-Elevens as the exclusive program manager and processor for the card. The move will aid prepaid card users, but can also boost NetSpend's financial position in this rapidly growing industry. The stock recently reached $
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A consumer advocacy group says U.S. regulators need to do more to protect consumers who rely on prepaid cards for purchases. Consumers Union, the policy and advocacy arm of Consumer Reports, held a hearing Wednesday in North Carolina calling on the
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