AUSTIN, TX and VIRGINIA BEACH, VA (January 16, 2009)—NetSpend Corporation announced today that Liberty Tax Service is now offering customers the option of loading their tax refunds onto a NetSpend All-Access Liberty Prepaid Card that can be used for financial transactions at establishments where Visa® cards are accepted. The All-Access Liberty Prepaid Card program is a convenient way for customers to do business with Liberty Tax Service, and as a streamlined way for Liberty franchisee owners, employees and customers to manage their finances beyond tax season.
NetSpend, one of the premier providers of prepaid reloadable debit cards in the United States, and Liberty Tax Service have entered into a multi-year agreement to implement an exclusive All-Access Liberty Prepaid Card that can be used for everyday purchases. The All-Access Liberty Prepaid Card is a Liberty-branded general purpose reloadable debit card issued by Inter National Bank, member FDIC, and marketed by NetSpend.
"The appeal of this product is its versatile year-round financial management use, as our All-Access Liberty Prepaid Card can be used for loading a tax refund, then reloaded at one of NetSpend's 65,000 partner reload locations nationwide for continuous use," said John Hewitt, chief executive officer of Liberty Tax Service. "We are tapping its potential as a brand builder beyond the time limits of the tax season, and incorporating its use for employees and franchisees."
"We are thrilled about our partnership with Liberty Tax Service," said Daniel R. Henry, chief executive officer of NetSpend. "The All-Access Liberty Prepaid Card will simplify the tax refund process and provide a convenient ongoing financial management tool for Liberty customers. We look forward to working with Liberty Tax Service for many years to come."
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 Liberty Tax Service
Liberty Tax Service is the fastest growing retail tax preparation company in the industry's history, with over 3,000 offices in the United States and Canada. Founded in 1997 by CEO John T. Hewitt, a pioneer in the tax industry, Liberty Tax Service has prepared over 6,000,000 individual income tax returns. With 40 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation business, having also founded Jackson Hewitt Tax Service (NYSE:JTX).
Liberty Tax Service (www.libertytax.com) provides computerized income tax preparation, electronic filing, refund loans, and online filing through eSmart Tax at www.esmarttax.com. Each office offers customers audit assistance, a money back guarantee, and free tax return checking. The Liberty Tax Service franchise opportunity has climbed to #3 on the latest Entrepreneur "Franchise 500."
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 www.inbweb.com.
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