American Banker 2/21/2013: Once the redheaded stepchild of consumer banking, the prepaid card business now looks more like the industry’s future. The prepaid sector’s maturation got further affirmation this week with the announcement that Total System Services (TSS) had agreed to acquire NetSpend Holdings (NTSP) for $1.4 billion. The deal’s price tag is notable — a 26% premium over NetSpend’s stock price at the end of last week — but perhaps even more telling was the identity of the buyer. TSYS is a well-established payments processor that wanted a piece of the fast-growing prepaid market, despite the fact that it has little experience dealing directly with consumers.
Click here to read more: http://www.americanbanker.com/issues/178_36/netspend-deal-affirms-prepaid-might-1056944-1.html

Subscribe to the comments for this post?

Share this on Facebook

Share this on LinkedIn

Email this to a friend?

Share this on del.icio.us

Add this to Google Reader

Share this on Technorati

Seed this on Newsvine

Share this on Blinklist

Share this on FriendFeed

Add this to Google Bookmarks

Post on Google Buzz

Post this to MySpace

Share this on Plaxo

Submit this story to Propeller

Add to a lense on Squidoo

Stumble upon something good? Share it on StumbleUpon

Share this on Tumblr

Buzz up!

Source: Paymentspulse

Leave a Reply

Your email address will not be published.