Billeo and NetSpend Announce Online Bill Pay Service
Consumers Can Better Manage Their Finances
SANTA CLARA, Calif. & AUSTIN, Texas., May 27, 2009 - Billeo, the leading personal
finance app that helps consumers pay bills and shop online, and NetSpend, one of
the leading providers of prepaid reloadable debit cards in the United States, today
announced an online service designed to help consumers pay their bills quickly and
easily with their NetSpend card, giving them access to financial tools that the
majority of Americans now enjoy. Under the terms of the agreement, consumers that
have a NetSpend card will be able to access a searchable online directory of billers
that accept the card. Billeo will also provide a free, downloadable toolbar to help
cardholders manage their bills.
Millions of Americans lack or choose not to have traditional bank accounts. Many are
currently locked out of the traditional banking system and use check cashing services
and/or pay their bills in person with cash. NetSpend’s prepaid debit card is helping to
change that dynamic. More than 75 percent of their cardholders indicate use of their
cards to pay bills, and more than 50 percent choose to pay their bills online when
available. This new service will help cardholders find billers that accept the card as
payment online and quickly and easily make payments directly with their card.
“In this difficult economy, millions of Americans are being locked out of the
traditional banking system because they just don’t qualify or can’t afford the fees
banks charge for checking accounts and credit cards,” said Murali Subbarao, founder
and CEO of Billeo, Inc. “This service is designed to give these consumers more
control over their money. They can save valuable time and funds and can have
access to more financial services and products than previously possible.”
The service, called the “Biller Directory,” will be available on www.netspend.com as
part of NetSpend’s suite of Bill Payment Services. By clicking on the “Pay Bills” tab
on the main menu of NetSpend’s website, cardholders will have access to more than
9,200 company websites where they can search for their billers and pay bills
instantly with their card. Cardholders can also download a “Bill Management Toolbar”
that will enable them to save their card information in a secure eWallet, save website
passwords and automatically fill-in forms. In addition, Billeo’s Shopping Assistant will
enable cardholders to easily save and search for online receipts.
“More Americans than ever are choosing to manage their money through financial
products and services available online and on their terms,” said Dan Henry, CEO of
NetSpend. “This agreement with Billeo provides our customers with more options for
quickly paying bills and, ultimately, the freedom of being self-banked.”
Additional benefits of the Billeo-NetSpend online bill pay program include:
Fast payment – Banks typically take three to five days to process online bill
payments, but the Biller Directory from Billeo helps customers find company
websites to pay their bills directly with their NetSpend card. Depending on the biller,
many payments are immediately posted to the account.

Less time needed to pay bills – Un-banked consumers typically have to travel to
multiple locations or make multiple telephone calls to make payments for services
including telephone, cable, rent, water, electricity, etc. But with Billeo, cardholders
can reduce the amount of time associated with payment transactions.
Lower overall cost - Paying online and on time translates to reduced travel
expenses and fewer late fees.
The Billeo toolbar is available for download at
http://www.billeo.com/page/homepage.jsp?sitename=Billeo The service is free.
About Billeo, Inc.
Billeo gives consumers a fast, easy and intelligent way to exercise choice and control
over their online purchases and payments. Billeo functions as the catalyst to make
online purchases and bill paying as easy and financially rewarding as possible. Billeo
was founded by experts from the EBPP, card issuer, banking, ecommerce and
technology industries. Over 40 banks, 6 of the top ten card issuers and over 9,200
companies across 26 categories are part of the trusted Billeo network. Information
about Billeo can be found at twitter.com/billeoinc and
http://www.billeo.com/page/homepage.jsp?sitename=Billeo
About NetSpend Corporation
NetSpend Corporation is one of the premier providers of innovative, accessible
prepaid debit cards that enable financial freedom for under-banked consumers.
Grounded by a mission of financial empowerment, NetSpend is committed to
meeting its customers' financial services needs on their terms while offering the
convenience, security and acceptance of conventional financial services. 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 www.netspend.com.