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NetSpend and LevelUp Announce New Partnership

Consumers Get Extra Incentives for Linking NetSpend Prepaid Cards to LevelUp Mobile Payment Network

BOSTON, MA and AUSTIN, TX -- (Marketwire) -- 11/15/12 -- LevelUp, the world's first "interchange zero" payment network, today announced a partnership with NetSpend Holdings, Inc. (NASDAQ: NTSP), a leading provider of general purpose reloadable cards, that will offer a $10 incentive to consumers who link their NetSpend prepaid cards to their LevelUp accounts.

Consumers using LevelUp, the second largest mobile payment network, can use their phones to make payments at more than 3,000 merchants nationwide. By linking their NetSpend prepaid cards to their LevelUp accounts, NetSpend cardholders will receive a $10 credit to their LevelUp accounts, on top of all of the discounts they receive for using LevelUp to make payments.

"We're incredibly excited to work with NetSpend on what will be the first-ever incentive to link NetSpend prepaid cards to the LevelUp payment network," said LevelUp Chief Ninja Seth Priebatsch. "We look forward to working with NetSpend in the future to further remove the barriers between card and mobile payment networks, giving consumers an even better way to manage and save money over time."

"NetSpend customers are very active users of mobile technology and we think they'll appreciate the LevelUp mobile payment experience as well as the opportunity to save money," said Trevor Erxleben, executive vice president, partner channel at NetSpend. "Whether it's adding to the many mobile features available on our accounts or working with a terrific partner like LevelUp to expose our customers to their revolutionary payment technology, mobile is an area of significant focus at NetSpend."

NetSpend and LevelUp's first partnership can be experienced by simply downloading the LevelUp app and linking it to a NetSpend prepaid card. NetSpend prepaid cards can be ordered online at www.netspend.com.

About NetSpend
NetSpend is a leading provider of general-purpose reloadable prepaid debit cards and related financial services to the estimated 68 million underbanked consumers in the United States who do not have a traditional bank account or who rely on alternative financial services. The Company's mission is to develop products and services that empower underbanked consumers with the convenience, security and freedom to be self-banked. Headquartered in Austin, TX, NetSpend is traded on the NASDAQ stock exchange under the symbol NTSP. Please visit http://www.netspend.com for more information.

Follow NetSpend on Twitter: http://twitter.com/netspend or Facebook: http://www.facebook.com/netspend

About LevelUp
LevelUp is a revolutionary new way to pay. Users pay with their phone, saving time and money. Businesses pay 0% payment processing fees and re-invest those savings into growing their businesses by attracting new customers and bringing them back.

LevelUp is a part of SCVNGR, which is backed by Google Ventures, Balderton Capital, Continental Advisors, Highland Capital, Transmedia Capital and T-Venture.

Media Contact information:

Erica Orthmann or Anna Farnum
LaunchSquad for LevelUp
levelup [at] launchsquad [dot] com
617-945-1915

Krista Shepard, 512-531-8732
NetSpend Corporation
[email protected]

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