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Netspend, QC Financial enter agreement for prepaid debit cards
June 10, 2008
AUSTIN, Texas — NetSpend Corp., a provider of prepaid solutions in the United States, has entered into an agreement with QC Financial for a prepaid debit card program. With more than 23 years of operating experience in the retail consumer finance industry, QC is a provider of payday loans in the U.S. The prepaid, reloadable debit cards will be available at nearly 90 percent of QC's 596 locations across 24 states.
"NetSpend is thrilled that QC Financial has selected to work with us on their first prepaid card program," said Daniel R. Henry, NetSpend's chief executive officer. "Our processing platform allows us to develop groundbreaking products that will now be available for QC's customers."
"We chose to work with NetSpend because of their expertise with prepaid products and their leadership in the marketplace," said Darrin Anderson, QC president. "NetSpend has proven itself to be a preferred partner for payday loan companies and we look forward to extending these cards to our customers."
The cards will be issued by MetaBank, member FDIC.
Transaction ProcessingRetail / Off-PremisesPrepaid / Stored Value / Gift CardDebit / CreditNorth AmericaBank / Credit Union
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