AUSTIN, Texas, June 28, 2012 (GLOBE NEWSWIRE) -- As part of its retail

expansion plans, NetSpend Holdings, Inc. (Nasdaq:NTSP), a leading

provider of general-purpose reloadable (GPR) prepaid debit cards and

related financial services, today announced that the PayPal Prepaid

MasterCard(R) card is available at 7-Eleven, Inc.'s participating

franchised and company-operated stores nationwide. 7-Eleven is the

premier name and largest chain in the convenience retailing industry.

"Because of our current partnership with 7-Eleven, the convenience

store company will be the first major retailer to offer the PayPal

prepaid card to consumers throughout the U.S.," said Dan Henry, chief

executive officer of NetSpend.

"We are expanding our current offering of alternative financial

services because we see an increased demand for this type of product

in our stores," said Jesus Delgado-Jenkins, 7-Eleven's executive vice

president for merchandising, marketing and logistics. "Our customers

are seeking choice and convenience when it comes to buying a prepaid

card. We are selling the PayPal prepaid card because the brand already

resonates with many consumers who want more financial flexibility and

alternatives to traditional retail banking."

The PayPal Prepaid MasterCard card is being sold now and will be

available at approximately 5,500 stores upon full rollout of the

product this year. Cardholders also can reload cash on their PayPal

prepaid cards at these 7-Eleven locations.

"We're thrilled to bring the PayPal prepaid card to a nationally

recognized retailer like 7-Eleven, giving our customers more

flexibility and control over their money," said Don Kingsborough, vice

president and general manager of retail and prepaid at PayPal.

"7-Eleven is just the beginning for the PayPal prepaid card -- we are

excited to roll it out to additional brick-and-mortar retailers this


The PayPal Prepaid MasterCard card can be used for online and in-store

purchases wherever Debit MasterCard is accepted. The card can also be

used to withdraw cash from ATMs while money can be loaded onto the

card through direct deposit or at more than 130,000 reload locations

through the U.S.

The card must be linked to a PayPal account to enable cardholders to

have full access to the card's online functionality and features,

including online Payback Rewards, an optional savings account,

real-time account alerts via text message* and online budgeting tools.

The funds on the PayPal Prepaid MasterCard card are FDIC insured

through The Bancorp Bank; Member FDIC. MasterCard is a registered

trademark of MasterCard International Incorporated.

These cards are issued by The Bancorp Bank, a wholly owned subsidiary

of The Bancorp, Inc. (Nasdaq:TBBK), pursuant to license from

MasterCard International Incorporated. The Bancorp Bank; Member FDIC.

*Standard text messaging rates from your wireless supplier may apply.

About NetSpend

NetSpend is a leading provider of general-purpose reloadable (GPR)

prepaid debit cards and related financial services to the estimated 60

million underbanked consumers in the United States who do not have a

traditional bank account or who rely on alternative financial

services. The Company's mission is to develop products and services

that empower underbanked consumers with the convenience, security and

freedom to be self-banked. Headquartered in Austin, TX, NetSpend is

traded on the NASDAQ stock exchange under the symbol NTSP. Please

visit http://www.netspend.com for more information.

Follow NetSpend on Twitter: https://twitter.com/netspend or Facebook:


The NetSpend Holdings, Inc. logo is available at


About 7-Eleven, Inc.

7-Eleven, Inc. is the premier name and largest chain in the

convenience retailing industry. Based in Dallas, Texas, 7-Eleven

operates, franchises or licenses more than 9,200 7-Eleven(R) stores in

North America. Globally, there are approximately 46,400 7-Eleven

stores in 16 countries. During 2011, 7-Eleven stores worldwide

generated total sales close to $76 billion. 7-Eleven has been honored

by a number of companies and organizations recently. Accolades

include: #2 on Forbes magazine's 2011 list of Top Franchises for the

Money; #3 spot on Entrepreneur magazine's Franchise 500 list for 2012,

#3 in Forbes magazine's Top 20 Franchises to Start, and #2 in

Franchise Times Top 200 Franchise Companies. Hispanic Magazine named

7-Eleven in its Hispanic Corporate Top 100 Companies that provide the

most opportunities to Hispanics. 7-Eleven received the 2010 Retailer

of the Year honor from PL Buyer because of the company's private-label

brand initiative. 7-Eleven is franchising its stores in the U.S. and

expanding through organic growth, acquisitions and its Business

Conversion Program. Find out more online at www.7-Eleven.com.

About The Bancorp Payment Solutions Group

The Bancorp Payment Solutions Group, a division of The Bancorp Bank

("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc.

(Nasdaq:TBBK), offers secure, creative and innovative payment

solutions to the prepaid card industry. As a leading issuer of prepaid

cards, The Bancorp Payment Solutions Group contributes to the success

of Fortune 500 companies through the development of cutting-edge

prepaid card programs that meet the rapidly changing needs of the

prepaid industry. Through long-standing relationships with the

MasterCard, Visa, and Discover card associations, leading program

managers and processors, The Bancorp Payment Solutions Group designs

innovative and flexible prepaid card programs which deliver

outstanding results. For more information about The Bancorp Payment

Solutions Group please visit www.thebancorp.com.

CONTACT: Media Contacts:

Krista Shepard

NetSpend Corporation

(512) 221-4677


Margaret Chabris

7-Eleven, Inc.

(972) 828-7285


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