Dan Henry Named CEO of Prepaid Leader NetSpend

New chief executive pioneered electronic financial transactions in Europe

Feb 06, 2008, 00:00 ET from NetSpend Corporation

    AUSTIN, Texas, Feb. 6 /PRNewswire/ -- Prominent international financial
 services entrepreneur and investor Daniel R. Henry has been named Chief
 Executive Officer of NetSpend Corporation, a fast-growing national leader
 in prepaid debit cards. Henry already is a member of the company's board of
     In assuming the top executive position, Henry succeeds Richard J.
 Savard, who had served in that post since June of 2004.
     NetSpend Board Chairman H. Eugene Lockhart, who announced the
 appointment, said Henry will lead the company in the next phase of its
 development, following a period of dramatic growth.
     "We are fortunate to have an exceptional executive on our management
 team with the skills and experience to take the reins for the next chapter
 of NetSpend's growth," Lockhart said. "Dan has an outstanding record of
 success as a pioneer in the financial transaction industry, and his insight
 already has been of great value to NetSpend."
     Henry began to make his mark in the financial industry in 1994 when he
 and Michael Brown co-founded Euronet Worldwide, a global leader in
 processing secure electronic financial transactions. He established the
 company's first European office in Budapest, Hungary, leading the
 development of the company's European business. He served as the firm's
 President and Chief Operating Officer until the end of 2006. He still holds
 a position on its Board. When Henry stepped down from his executive role,
 Euronet had revenues in excess of $600 million annually, a market
 capitalization of $1 billion and operated 26 offices in 23 countries,
 staffed by more than 1,100 employees worldwide.
     NetSpend's new CEO has a passion for the role of the company's prepaid
 cards in today's society.
     "Millions of deserving underbanked consumers traditionally have been
 overlooked by most mainstream financial institutions," Henry said. "Our
 prepaid reloadable debit cards bring empowerment to those individuals to
 make purchases, pay bills, make reservations and shop online, all without
 the need for a bank account or credit history. So, this is far more than a
 business to NetSpend; we are dedicated to our mission to break down
 financial barriers to opportunity and make a difference in people's lives."
     Henry said the company is committed to a continuing expansion program
 over the next few years. Its network includes more than 20,000 retail
 locations where cards can be purchased and more than 50,000 locations where
 cards can be reloaded. NetSpend is headquartered in downtown Austin.
     Henry received his Bachelor of Science in business administration from
 the University of Missouri-Columbia in 1988. He may be reached at
 dhenry@netspend.com. Photos available of Dan Henry upon request.
     About NetSpend Corporation
     NetSpend Corporation is one of the premier providers of innovative,
 accessible prepaid debit cards that enable financial freedom for
 under-banked consumers. Grounded by a mission of financial empowerment,
 NetSpend is committed to meeting its customers' financial services needs on
 their terms while offering the convenience, security and acceptance of
 conventional financial services. NetSpend's proprietary processing platform
 allows it to support prepaid card programs end-to-end from customer
 acquisition and card fulfillment to customer service and risk management.
 The NetSpend(R) Prepaid Card Network includes leading consumer brands and
 companies serving the un-banked and under-banked markets, and its strategic
 relationships include card issuers, EFT networks and payment card
 associations. For more information, visit http://www.netspend.com.
Contact: Meghan Butler GCI Read-Poland for NetSpend Corporation (512) 472-4122 mbutler@gcigroup.com

SOURCE NetSpend Corporation