PayPal Prepaid Announces Exclusive Partner

NetSpend Holdings Inc. (NASDAQ: NTSP) announced it will be the “exclusive program and distribution manager and processor” for PayPal’s new PrePaid MasterCard product. The issuer for the new PayPal PrePaid MasterCard product is The Bancorp Bank, a subsidiary of publicly-traded Bancorp Inc.

On the credit card side, apparently no impact on the GE Capital-issued the PayPal credit card.