NetSpend®, A TSYS® Company - Empowering Consumers
NetSpend is a leading provider of reloadable prepaid cards and related financial services in the United States. We serve the estimated 68 million underbanked consumers who do not have a traditional bank account or who rely on alternative financial services. Our mission is to provide products and services that empower consumers with the convenience, security and freedom to be self-banked.
Since 1999, our products have helped more than 10 million consumers to make purchases, pay bills and manage their money without the need for a checking account or credit history.
Through our nationwide network of more than 70,000 distribution locations and 130,000 reload points, consumers can buy and reload NetSpend Prepaid Cards at neighborhood retailers, check cashers, convenience stores, grocers, pharmacies, insurance providers and tax preparers nationwide. In addition, our direct distribution channel reaches consumers beyond our store-based distributors. NetSpend is also a leading provider of corporate payroll card solutions that help employers offer all employees a direct deposit option and eliminate expenses associated with paper checks for employees and employers alike.
NetSpend is a wholly-owned subsidiary of TSYS® (NYSE: TSS). The company is based in Austin, Texas with additional offices in Atlanta, Georgia; Charlotte, North Carolina; and San Mateo, California.
NetSpend offers FDIC-insured Visa® and MasterCard® Prepaid Cards, issued by state and federally regulated financial institutions. NetSpend Prepaid Cards are packed with features for adding, spending, withdrawing and managing money and easy ways to enjoy these features. These optional features include person-to-person and standard bank transfers, free Direct Deposit, free Anytime Alerts™ text or email service1, free online and mobile app account centers2, Payback RewardsSM, free budgeting tools and a tiered-rate savings account offering an industry-leading 5.00% APY on balances up to $1,000.3 With a wealth of features and range of payment plans, NetSpend Prepaid Cards give consumers unmatched freedom to choose the banking solution that works best for them and the convenience and security to use it wherever they are.
NetSpend offers its prepaid cards online and in well-known grocery stores, convenience stores, pharmacies and check cashers nationwide. Visit our Reload Center locator to find reload locations near you.
Corporate Prepaid Cards
NetSpend offers prepaid card solutions for corporate clients under the Skylight Financial® and smartOneTM brands that meet the needs of both employers and their employees. Skylight® payroll cards have many of the same features as NetSpend cards, including FDIC-insurance, MasterCard® or Visa® branding, free Direct Deposit, 24/7 account access via the web, phone or text message, and bill pay services. We also offer online wage statement and W-2 capabilities that help employers achieve 100 percent paperless payroll and significantly reduce expenses. Our smartOne Prepaid Program provides customizable incentive cards for employees and customers through full program management. For more information, visit skylightfinancial.com and smartOnePrepaid.com.
Our Platform and Services
NetSpend has developed a proprietary, fully-integrated payments platform. This includes critical functions required for us to acquire cardholders; process transactions; maintain account-level data; communicate with cardholders; manage risk; ensure regulatory compliance; and stay in close contact with our issuing banks as well as our distributors. These integrated capabilities allow us to customize our products and services for different markets, distribution channels and customer segments. Furthermore, by processing transactions on our own platform, we gain unique and extensive insight into the attitudes, characteristics and purchasing behavior of the consumers we serve.