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Burnaby BC (May 3, 2007)—Today, ExxonMobil, along with TIO Networks Corporation and NetSpend Corporation, has announced the launch of the TIO® Prepaid MasterCard at participating Exxon and Mobil convenience store locations across the United States. The card is issued by MetaBank.
This spring, consumers in participating locations in the U.S. can purchase a TIO® Prepaid MasterCard and use TIO's automated self-serve kiosks to instantly activate the card and load it with funds. The cards will provide consumers the ability to make purchases or gain access to cash anywhere Debit MasterCard cards are accepted worldwide.
"From the beginning of our relationship, ExxonMobil's management team has exhibited vision and openness to new products and services, and we are excited to partner with NetSpend to enhance our relationship with ExxonMobil by offering the TIO Prepaid MasterCard to their customers," said Hamed Shahbazi, Chairman and CEO of TIO Networks. "This card is an effective alternative for millions of people in the U.S. who are self-banked."
The TIO Prepaid MasterCard features include free Direct Deposit -- the automatic deposit of paychecks on the card -- and free Anytime Alerts, balance and transaction details sent to a cardholder's e-mail or cell phone. TIO will support cardholders with a dedicated online portal accessible through www.thetiocard.com.
"We are very excited to partner with TIO Networks to bring a general purpose reloadable product to customers via their unique kiosk functionality that sells and reloads prepaid cards," said Rick Savard, Chief Executive Officer, NetSpend.
Cardholders can load funds onto their TIO Prepaid MasterCard at NetSpend authorized reload locations across the country and maintain up to a $5,000 balance. Funds are deposited at MetaBank (Member FDIC) and are covered by pass-through FDIC insurance.
About TIO Networks Corp.
TIO Networks Corp. is North America's largest multi-retailer network of non bank financial services for the 'cash preferred' consumer marketplace. The Company operates in more than 2000 locations and provides safe secure access to bill payment and other key financial services. For more information, please visit www.TIOnetworks.com
About NetSpend Corporation
NetSpend Corporation is one of the leading providers of prepaid debit cards in the United States. A pioneer in the industry since its inception in 1999, NetSpend prepaid debit cards give financial freedom and convenience to the more than 100 million underbanked consumers in the United States. NetSpend is the only company in the prepaid debit industry to offer an end-to-end solution for consumers and merchants with a proprietary processing platform, card fulfillment, customer service and risk management capabilities. More information about the company can be found at http://www.netspend.com or by following the company on Facebook or Twitter.
About MetaBank
MetaBank is a federally-chartered savings bank headquartered in Storm Lake, Iowa. Meta Financial Group, Inc.® is the bank holding company for MetaBank, MetaBank West Central, Meta Payment Systems®, and Meta Trust Company®. 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 www.metacash.com
The TIO Prepaid MasterCard is issued by MetaBank, pursuant to a license from MasterCard International Incorporated.
ExxonMobil, Exxon and Mobil are registered trademarks of Exxon Mobil Corporation or one of its subsidiaries
Media Relations
Members of the media may contact NetSpend's public relations department via email at mediarelations@netspend.com.
Cardholders may contact Customer Service at customerservice@netspend.com.
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.
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