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 needs." 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 http://www.netspend.com 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 http://www.netspend.com . 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 http://www.inbweb.com .
SOURCE NetSpend Corporation