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Article: NetSpend Closing Location Gap With InComm For Prepaid Reloads.(Prepaid Briefs)
- Article from:
- ATM & Debit News
- Article date:
- September 17, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Will Hernandez
While reloadable prepaid cards continue to gain popularity with consumers, reload networks are experiencing different rates of growth that typically depend on their alliances.
Atlanta-based InComm Inc. leads with 150,000 reload locations as of the end of June, according to the 2010 edition of the ATM&Debit News EFT Data Book.
But that total represents only a 3% increase compared with 145,000 locations in 2007, according to Gwenn BA[c]zard, research director at Boston-based consulting firm Aite Group LLC. "The numbers suggest [InComm] may have hit a ceiling," he says.
Aite's 2007 data are from various surveys and ...