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 iAdvance 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 NetSpend prepaid 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."