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Laura Moxley
Verified
Editorial Assistant, All Access
Clovis, Nashville
Beats
fake news online manipulation verificationdisinformation conspiracy theories
Company Info
All Access
Netspend is a financial services company based in Austin, Texas, specializing in prepaid debit card solutions. Founded in 1999 by brothers Bertrand and Roy Sosa, the company has grown from humble beginnings to become a significant player in the fintech industry. After going public in 2010 and being acquired by TSYS in 2013, Netspend became part of Global Payments following a merger in 2019. In 2023, it was reacquired by Rêv Worldwide and merged into Ouro, focusing on embedded financial services. Netspend offers general-purpose reloadable prepaid debit cards that operate on Visa and Mastercard networks. Users can manage their funds without needing traditional bank accounts. The company provides various services, including customizable prepaid card programs for businesses, solutions for payroll and gig economy payments, and options for funding through direct deposits and retail partners. Netspend has partnered with notable brands like PayPal, Western Union, Major League Baseball, and Walmart, enhancing its reach and service offerings. The company aims to promote financial inclusion, particularly for underbanked populations.
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Founded: 1999