Netspend and United Airlines Launch MileagePlus GO Visa Prepaid Card in U.S.
23 May 2017 - 11:00PM
Business Wire
MileagePlus GO Visa Prepaid Card will be the
first prepaid card in the U.S. offering a consumer the opportunity
to directly earn miles for qualifying purchases made with a prepaid
card
Prepaid card provider Netspend, a TSYS Company (NYSE: TSS), and
United Airlines (NYSE: UAL) announced the launch of the MileagePlus
GO Visa Prepaid Card, the first prepaid card program in the U.S.
offering a consumer the opportunity to directly earn miles for
qualifying purchases made with a prepaid card.
The card will be available summer 2017 and will reward
cardholder spending with award miles that can be redeemed through
United’s MileagePlus loyalty program, consistently voted the
world’s Best Frequent Flyer Program by Global Traveler
magazine.
“The market for prepaid continues to expand. Our new MileagePlus
GO Visa Prepaid Card will attract frequent flyers who may not know
much about prepaid cards but have an affinity to United’s
MileagePlus program and are looking for new ways to earn miles,”
said Netspend president Chuck Harris. “We are also eager to offer
the opportunity to earn airline miles to consumers who are looking
for new financial solutions to help them manage their money.
Several of our prepaid cards offer a loyalty component, but no
other prepaid card in the U.S. offers the ability to directly earn
miles through a major airline. We’re excited to reach out to this
consumer with a great partner like United Airlines.”
"With the MileagePlus GO Visa Prepaid Card, we are providing
another avenue for customers to earn MileagePlus miles,” said
Praveen Sharma, vice president, Loyalty, at United. “Through
MileagePlus, we offer customers a variety of ways to both earn and
use their miles — from flights in United’s global network to
once-in-a-lifetime experiences.”
Travelers will be able to order a MileagePlus GO Visa Prepaid
Card online using their active MileagePlus account number. The new
card will carry the Visa logo and will be issued by Republic Bank.
The card account will be FDIC-insured on a pass through basis and
offers electronic anytime alerts to help cardholders monitor
spending. For more information about the MileagePlus GO Visa
Prepaid Card, please visit www.mileageplusgo.com.
“By partnering with United and Netspend, Visa is helping broaden
access to payments for more customers,” said David Josephs, head of
North American debit and prepaid solutions at Visa. “Together, we
are continuing to innovate and develop new payment products that
meet evolving customer needs.”
General purpose reloadable prepaid cards allow consumers to
access the benefits of digital commerce, enabling them to make
payments in mobile applications or online and to withdraw cash from
ATMs without opening a traditional bank account or credit card
account. According to Mercator Advisory Group, the prepaid market
has grown from less than $1 billion in 2003 to nearly $96.8 billion
in 2015. The total dollar value loaded onto these prepaid cards is
expected to reach $112 billion by 2018.
About Netspend, a TSYS Company
Netspend is the prepaid provider of choice to self-banked
consumers and the brands that serve them. With a mission to empower
consumers with the convenience, security and freedom to be
self-banked, Netspend’s products have helped over 10 million
consumers spend, budget and pay bills since 1999. Consumers can
reload and find Netspend Prepaid Cards at convenient locations
nationwide through Netspend’s extensive network of 130,000 reload
points and more than 100,000 distributing locations and employers,
including check cashers, convenience stores, grocers, pharmacies,
insurance providers and tax preparers. Headquartered in Austin,
Texas, Netspend is a wholly owned subsidiary of TSYS (NYSE: TSS).
For more information, please visit www.netspend.com.
About United
United Airlines and United Express operate more than 4,500
flights a day to more than 335 airports across five continents. In
2016, United and United Express operated more than 1.6 million
flights carrying more than 143 million customers. United is proud
to have the world's most comprehensive route network, including
U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New
York/Newark, San Francisco and Washington, D.C. United operates 737
mainline aircraft and the airline's United Express carriers operate
483 regional aircraft. The airline is a founding member of Star
Alliance, which provides service to 192 countries via 28 member
airlines. For more information, visit united.com, follow @United on
Twitter or connect on Facebook. The common stock of United's
parent, United Continental Holdings, Inc., is traded on the NYSE
under the symbol "UAL".
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version on businesswire.com: http://www.businesswire.com/news/home/20170523005293/en/
Netspend CommunicationsAdam Dawes,
+1-512-682-3939adawes@netspend.comorTSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.com
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