- NetSpend Visa® Prepaid Cards to be Sold at 5,000 7-Eleven Locations in the U.S. -
- New Agreement Marks NetSpend's Largest Retail Distribution Footprint to Date -
AUSTIN, Texas, Jan. 25, 2012 (GLOBE NEWSWIRE) -- NetSpend Holdings, Inc. (Nasdaq:NTSP), a leading provider of general-purpose reloadable (GPR) prepaid debit cards and related financial services, today announced that it has entered into a distribution agreement to sell its NetSpend Visa® prepaid cards at 7-Eleven, Inc.'s participating franchised and company-operated stores nationwide. 7-Eleven is the premier name and largest chain in the convenience retailing industry.
"Our partnership with 7-Eleven is very important to NetSpend as this agreement positions us to significantly grow our retail footprint," said Dan Henry, chief executive officer of NetSpend. "In many 7-Eleven stores now, our GPR cards give consumers more choice and access to alternative banking solutions."
In a recent announcement, NetSpend said it also is expanding its reload network to thousands of 7-Eleven locations across the U.S. "The combination of selling our GPR cards and expanding our reload network at 7-Eleven stores gives self-banked consumers an easier way to take care of their financial services needs outside of the traditional, normal banking hours and at locations that are more convenient to them," added Henry.
"We believe offering NetSpend prepaid cards is an ideal solution for our customers who want convenient financial services when they come to our stores," said Jesus Delgado-Jenkins, 7-Eleven's senior vice president for merchandising, marketing and logistics. "We are rolling out the NetSpend prepaid cards now and expect to be selling them in more than 5,000 stores this year."
About NetSpend
NetSpend is a leading provider of general-purpose
reloadable (GPR) prepaid debit cards and related financial
services to the estimated 60 million underbanked consumers
in the United States who do not have a traditional bank
account or who rely on alternative financial services. The
Company's mission is to develop products and services
that empower underbanked consumers with the convenience,
security and freedom to be self-banked. Headquartered in
Austin, TX, NetSpend is traded on the NASDAQ stock exchange
under the symbol NTSP.
The NetSpend Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8154
Please visit http://www.netspend.com for more information.
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About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the
convenience retailing industry. Based in Dallas, Texas,
7-Eleven operates, franchises or licenses more than 9,000
7-Eleven® stores in North America. Globally, there are
approximately 44,300 7-Eleven stores in 16 countries.
During 2010, 7-Eleven stores worldwide generated total
sales close to $63 billion. 7-Eleven has been honored by a
number of companies and organizations recently. Accolades
include: #2 on Forbes magazine's 2011 list of Top
Franchises for the Money; #3 spot on Entrepreneur
magazine's Franchise 500 list for 2012, #3 in Forbes
magazine's Top 20 Franchises to Start, and #2 in
Franchise Times Top 200 Franchise Companies. Hispanic
Magazine named 7-Eleven in its Hispanic Corporate Top 100
Companies that provide the most opportunities to
Hispanics. 7-Eleven received the 2010 Retailer of the
Year honor from PL Buyer because of the company's
private-label brand initiative. 7-Eleven is franchising its
stores in the U.S. and expanding through organic growth,
acquisitions and its Business Conversion Program. Find out
more online at www.7-Eleven.com.
CONTACT: Media Contacts: Krista Shepard NetSpend Corporation (512) 221-4677 kshepard@netspend.com Suzanne Dawson for NetSpend Linden Alschuler & Kaplan, Inc. (212) 329-1420 office (908) 242-7162 cell sdawson@lakpr.com Margaret Chabris 7-Eleven, Inc. (972) 828-7285 Margaret.chabris@7-11.com