NetSpend Holdings Inc. is continuing to expand distribution of its prepaid cards through automobile insurers with a marketing agreement it announced on Thursday.
Assurance Systems Inc. of Norcross, Ga., will include in its Accu-Auto software service an option for independent agents to order their clients a NetSpend card, which they can use to pay their premiums as well as make purchases.
NetSpend's prepaid cards are similar to a traditional debit card and are issued by partner banks, primarily to underbanked consumers. NetSpend said Thursday that using its cards could help consumers avoid paying fees for money orders or wire transfers to pay for insurance and other expenses. Through the marketing deal, more than 2,000 insurance agents will be able to order the prepaid cards.
NetSpend has been focusing on auto insurers in recent months as a way to sell more cards.