NetSpend said it may use some of the proceeds of its IPO to pay down debt and for working capital. The company, which had 2.1 million active cards as of March 31, had $59.1 million of outstanding debt ...

Netspend prepaid cards do not help customers build credit, says Anthony Chan, former chief economist at JPMorgan Chase.

NetSpend owned a stake in Meta Financial Group that as of Sept. 30 was worth about $4.8 million. The value has since declined between $2.4 million and $2.9 million, according to NetSpend. A robust ...

By David French NEW YORK (Reuters) - Global Payments Inc (N: GPN) is exploring a sale of its Netspend unit, aiming to secure a valuation of more than $2 billion for the prepaid debit card business ...

Founded in 1999, NetSpend sells prepaid debit cards and other financial services, targeting consumers who do not have traditional bank accounts but want an option besides cash or money orders.

NetSpend sells reloadable debit cards that operate on the Visa and MasterCard networks. It said in a statement on its website that it “intends to vigorously contest this complaint and has ...