Company Overview of NetSpend Corporation
NetSpend Corporation provides reloadable prepaid debit cards and related financial services to underbanked consumers who do not have a traditional bank account or who rely on alternative financial services in the United States. It offers Visa and MasterCard prepaid cards with features, including direct deposit; account access via online, phone, or text message; bill pay services; and an optional savings account. The company also provides corporate payroll card solutions; and online wage statement and W-2 capabilities. Its prepaid cards are ordered online or purchased at various locations, including grocery stores, check cashers, convenience stores, retailers, insurance providers, tax prepare...
701 Brazos Street
Austin, TX 78701
Founded in 1999
Key Executives for NetSpend Corporation
Chief Financial Officer and Chief Financial Officer of Netspend Holdings
Executive Vice President of Direct Channel
Compensation as of Fiscal Year 2013.
NetSpend Corporation Key Developments
NetSpend Corporation Presents at 8th Annual Underbanked Financial Services Forum, Jun-06-2013 09:00 AM
Jun 1 13
NetSpend Corporation Presents at 8th Annual Underbanked Financial Services Forum, Jun-06-2013 09:00 AM. Venue: InterContinental Miami, 100 Chopin Plaza, Miami, FL 33131, United States. Speakers: Daniel R. Henry, Chief Executive officer.
NetSpend Corporation Presents at 25th Annual Card Forum and Expo, Apr-08-2013 11:00 AM
Apr 3 13
NetSpend Corporation Presents at 25th Annual Card Forum and Expo, Apr-08-2013 11:00 AM. Venue: Boca Raton Resort & Club, Boca Raton, Florida, United States. Speakers: Michael Gray, VP, Operations.
NetSpend Corporation Plans to Appeal Jury Verdict in Alexsam Case
May 2 12
A jury found that NetSpend Corp. breached a license agreement with Alexsam Inc., awarding the latter $18 million in royalties. That amount does not include prejudgment interest or attorneys' fees, which NetSpend Holdings estimates could approximate an aggregate of $6.0 million. In October 2007, Alexsam sued NetSpend Corp. in a Texas court, asserting breach of a 2004 license agreement. The companies entered the license agreement following a patent infringement dispute in 2003. NetSpend Holdings asserted counterclaims against Alexsam for breach of contract. In October 2010, Alexsam filed an amended petition, adding a claim that NetSpend fraudulently induced Alexsam to give up its prior patent infringement claims against NetSpend and enter into the license agreement. NetSpend Holdings was unsuccessful in its attempt to get partial summary judgment on Alexsam's fraudulent inducement claim. On April 26, the court granted Alexsam's motion for a directed verdict on the question of whether the contract terminated by its own terms in March 2005. Such a termination would have resulted in royalties ceasing to accrue after the termination date. The trial concluded April 27.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|