EZCORP and NetSpend Collaborate on Debit Card With Built-in Overdraft Protection

    AUSTIN, Texas, July 24 /PRNewswire/ -- EZCORP, Inc. (Nasdaq:   EZPW), an
 Austin, Texas based provider of short-term consumer cash solutions, is
 collaborating with NetSpend Corporation, one of the premier providers of
 prepaid solutions in the United States, to make available its ALL-ACCESS(R)
 MASTERCARD Prepaid Card to consumers at more than 390 EZMONEY loan services
 stores across ten states.
     NetSpend's All-Access MasterCard Prepaid Card allows customers to load
 funds onto the card and use it wherever MasterCard debit cards are
 accepted. A new overdraft protection feature allows customers, who make
 direct deposits to the card, ongoing access to account overdraft protection
 up to $300.
     "We are dedicated to meeting the growing demand in the United States
 for prepaid cards and to continue to provide innovative card features and
 capabilities," said NetSpend CEO Rick Savard. "This relationship with
 EZCORP marks another significant milestone in our ongoing efforts to
 increase our reload network and expand our market presence."
     As a result of the strategic partnership with NetSpend, EZCORP
 consumers searching for prepaid products, or existing NetSpend customers
 who need to reload their prepaid accounts, will enjoy new availability and
 convenience.
     "We developed this new card with NetSpend to allow us to provide our
 customers additional convenience, flexibility, and peace-of-mind in their
 day-to-day financial lives," said EZCORP CEO Joe Rotunda.
     EZCORP is an Austin-based market leader in the specialty consumer
 finance industry dedicated to satisfying the short-term cash needs of
 consumers who find themselves both cash and credit constrained.
     NetSpend All-Access MasterCard Prepaid Cards are issued by MetaBank,
 pursuant to a license from MasterCard International Incorporated. MetaBank
 member FDIC.
     ABOUT NETSPEND
     NetSpend Corporation is one of the premier providers of innovative,
 accessible prepaid debit cards that enable financial freedom for
 self-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.
     ABOUT EZCORP
     EZCORP (Nasdaq:   EZPW) is primarily a lender or provider of credit
 services to individuals who do not have cash resources or access to credit
 to meet their short-term cash needs. The Company offers non-recourse loans
 collateralized by tangible personal property, commonly known as pawn loans,
 in 295 U.S. and three Mexico EZPAWN locations open at June 30, 2007. At
 these locations, the Company also sells merchandise, primarily collateral
 forfeited from its pawn lending operations, to consumers looking for good
 value. In 390 EZMONEY locations and 80 EZPAWN locations open at June 30,
 2007, the Company offers short-term non-collateralized loans, often
 referred to as payday loans, or fee based credit services to customers
 seeking loans.
     ABOUT METABANK
     MetaBank is a federally chartered savings bank headquartered in Storm
 Lake, Iowa. Meta Financial Group, Inc.(R) is the bank holding company for
 MetaBank, MetaBank West Central, Meta Payment Systems(R), and Meta Trust
 Company(R). The Meta Payment Systems division of MetaBank based in Sioux
 Falls, South Dakota, serves banks, processors, and third party marketers by
 providing prepaid cards, credit cards, ACH origination, merchant acquiring,
 ATM sponsorship, and money transfer. Meta Financial Group is traded on the
 NASDAQ-Global Market: CASH. For more information call 605.275.8052 or visit
 http://www.metacash.com.
     Contact:
     Amy Shields or Meghan Butler
     GCI Read-Poland for NetSpend Corporation
     ashields@gcigroup.com or mbutler@gcigroup.com
     (512) 472-4122
 
 

SOURCE NetSpend Corporation

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.