Netspend offers prepaid debit cards to people who can’t or don’t want to deposit their money in a bank. The company offers pre-paid debit cards directly to consumers via the Internet or through major check cashers (such as ACE), convenience stores, and supermarkets. Clients can reload their cards for a fee at more than 100,000 locations. Netspend’s cards include features such as direct deposit, bill pay, savings accounts, and transfers. The company targets the more than 60 million underbanked consumers in the US and has more than 2 million active cards. Netspend was founded in 1999 by Rogelio and Bertrand Sosa, brothers who immigrated from Mexico in 1986. The company went public in October 2010 but was later bought by TSYS.
Netspend
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3.7
Overall Excellence Rating
Industry
Financial ServicesCategory
Financial Transaction ProcessingESG/Ethical Impact
Netspend’s ESG impact stands as a comprehensive and impactful testament to its unwavering dedication to sustainability and responsible corporate citizenship. Through its multifaceted approach to environmental stewardship, social responsibility, and sound governance, Netspend not only contributes to a greener and more equitable world but also serves as an inspiring model for businesses seeking to integrate ESG principles into their core operations, setting a compelling precedent for a more responsible, sustainable, and prosperous future.
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Awards Received
2023
Revenues
$137,000,000.00
Website Traffic
Employee Rating
3.7
Customer Rating
3.7
Company Size
100-1000
ESG Risk Rating
3
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