NetSpend Corporation · Austin, TX United States
Company Description
View NetSpend Corporation Locations On A US Map
This link will open in a new window
This link will open in a new window Bad credit? No credit? No problem! NetSpend offers prepaid debit cards to people who can't or don't want to deposit their money in a bank. NetSpend has partnerships with most major check cashers (such as ACE ), convenience stores, and supermarkets, where customers' money is loaded onto a Visa debit card for about $10. NetSpend also offers gift cards and travel cards, which offer added protection for customers in a foreign country. The company has issued some 14 million cards. NetSpend was founded in 1999 by Rogelio and Bertrand Sosa, two brothers who immigrated from Mexico in 1986. The Sosas remain NetSpend's largest shareholders after a planned acquisition by Capital One fell through in 2007.
To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key NetSpend Corporation Financials
| Company Type | Private Headquarters |
| Employees | 300 |
NetSpend Corporation Executives
8 executives listed for NetSpend Corporation's Austin, TX location.
| Title | Name & Bio | Contact |
| CEO | Daniel Henry | Network |
| COO | Frank Cotroneo | Network |
| SVP, Finance and Corporate Development | Steve Reesing | Network |
Competition
Competitive Landscape for NetSpend Corporation
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top NetSpend Corporation Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!