Monday, March 9, 2009

Meta Payment Systems® and NetSpend® Announce iAdvanceSM Partnership

CONTACT: Nicole Pullman 605.212.0209 or
Brad Russell 512.743.4507 or

Meta Payment Systems® and NetSpend®
Announce iAdvanceSM Partnership
Simple, Sensible Credit.SM Alternative Continues Expansion

Orlando, Fla. — March 9, 2009 — Meta Payment Systems, one of the nation’s leading issuers of network branded prepaid cards, and NetSpend Corporation, one of the leading providers of reloadable prepaid debit cards and prepaid debit card services, are partnering to offer the iAdvanceSM Line of Credit to NetSpend cardholders. Award-winning and patent-pending iAdvance provides consumers with the opportunity to establish short-term, small-dollar lines of credit and have the money immediately available on their NetSpendprepaid card.

“NetSpend cardholders deserve to have options when unexpected expenses arise. iAdvance gives our customers a simple and convenient product allowing them maximum flexibility in managing their finances,” said Dan Henry, CEO of NetSpend. “And unlike other options, iAdvance reports repayment histories to the three major credit bureaus, which means our customers have a powerful tool to improve their credit history.”

The enrollment process takes less than two minutes, and no credit check is required. Once enrolled, advances to cardholders are completed in seconds with funds immediately available to the borrower on their NetSpend prepaid card.

“We are very pleased that NetSpend has decided to offer iAdvance to its customers,” said Trent Sorbe, Senior Vice President of Credit with Meta Payment Systems. “We’ve seen how iAdvance is filling the need to bring sensible credit to customers. Partnering with a market leader like NetSpend demonstrates the value proposition iAdvance brings to prepaid card programs.”

About Meta®
Meta Payment Systems® based in Sioux Falls, South Dakota, is the world’s leading issuer of prepaid, credit and debit payment solutions as well as the largest sponsor of ATMs in the United States. Meta Payment Systems, a division of MetaBank,™ delivers innovative financial products that are changing the way people use, borrow and manage money. Meta Payment Systems brings money to LIFE. Meta Financial Group, Inc.® (NASDAQ Global Market®: CASH) is the
holding company for federally-chartered savings bank MetaBank. For more information, visit

About NetSpend Corporation
NetSpend Corporation is one of the premier providers of innovative, accessible prepaid debit cards which empower consumers with the convenience, security and freedom to be self-banked. NetSpend achieves its mission by serving its customers anytime and anywhere, being trustworthy, reliable, and delivering innovative high value products and features. NetSpend’s proprietary processing platform allows it to support prepaid card programs end-to-end from
customer acquisition and card fulfillment to customer service and risk management. The NetSpend® Prepaid Card Network includes leading consumer brands and companies serving the un-banked and under-banked markets, and its strategic relationships include card issuers, EFT networks and payment card associations. For more information, visit

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