NetSpend to Offer Customers All-Access(R) Prepaid Cards at Safeway Stores; New Cards to Provide Customers Convenient, Secure Access to Funds

Aug 23, 2005, 01:00 ET from NetSpend Corporation

    AUSTIN, Texas, Aug. 23 /PRNewswire/ -- Paper or plastic?  Now one of North
 America's largest food and drug retailers may not just be referring to your
 preference for paper or plastic shopping bags.
     NetSpend Corporation announced today that it will sell All-Access Visa(R)
 prepaid debit cards at Safeway stores nationwide. NetSpend, the nation's
 leading marketer and processor of re-loadable, prepaid debit cards will sell
 two different prepaid cards at Safeway stores: The All-Access Visa Prepaid
 Debit Card, a general purpose re-loadable debit card, and the All-Access Visa
 Gift Card, available in $25, $50 and $100 denominations.
     "We're excited to offer these industry-leading financial products," said
 NetSpend CEO Rick Savard.  "Prepaid cards provide our customers with greater
 convenience and security for their everyday shopping, gift-giving and travel
     The All-Access Visa Prepaid Debit Card is available at more than 1,200
 Safeway stores nationwide. For $9.95 consumers can buy a card and load funds
 at their discretion. No credit check or bank account is required. This card
 will also feature the first-of-its-kind All Access National Savings Program,
 which allows cardholders to link their prepaid debit card to an interest-
 bearing savings account. The card funds, including the savings account, are
 insured by the Federal Deposit Insurance Corporation
     "As a leader in the prepaid business, we're proud to join forces with one
 of America's pre-eminent grocers," said Roy Sosa, NetSpend president and co-
 founder.  "This partnership marks an important milestone in our continuing
 efforts to expand our retail presence.  Additionally, this association creates
 a winning proposition for our customers, as they enjoy greater value and
 benefit from the best that each of us has to offer."
     Consumers can use the All-Access prepaid debit products -- which are
 issued by Inter National Bank in McAllen, Texas -- at millions of
 entertainment and retail merchants worldwide where Visa debit cards are
 accepted. Beyond their worldwide acceptance, the cards extend valuable
 protections that are particularly relevant to consumers and offer protection
 from fraudulent or unauthorized transactions if the cards are lost or stolen.
     For more details on All-Access prepaid debit products, please visit or call 1-86-NETSPEND (1-866-387-7363).
     About NetSpend Corporation
     NetSpend Corporation is the leading provider of prepaid debit cards for
 America's underserved markets.  The NetSpend platform offers an end-to-end
 approach that is unique in the prepaid payments industry.  From customer
 acquisition and risk management to card fulfillment and customer service,
 NetSpend offers a vertically integrated product offering that powers the
 infrastructure for prepaid payment applications. NetSpend's partnerships
 include agency agreements with the leading companies serving the un-banked and
 under-banked markets, as well as strategic relationships with card issuers,
 EFT networks and payment card associations.  For more information, visit .
     About Inter National Bank
     Although the McAllen, Texas-based bank is relatively young, having been
 founded in 1985, it has staked a position as a strong leader in the banking
 industry. In fact, in 2002 the American Bankers Association's ABA Banking
 Journal named Inter National Bank the top performing non-Subchapter S bank in
 the nation with assets between $100 million and $1 billion. For more
 information, visit .

SOURCE NetSpend Corporation