2009 Winner Profile

NetSpend

Project Description:
NetSpend deployed a system to automate the end-to-end processing of the more than 1 million transactions that occur each day for MasterCard and Visa prepaid debit cards. NetSpend says its new system can calculate and pay commissions to partner organizations in real time, replacing a manual process and helping to eliminate more than $2 million in personnel costs. In addition, the new financial infrastructure has improved top-line revenue by as much as 7 percent.
Project type:
BI, Databases, ERP
Business Functions:
Accounting & finance, Marketing, Sales
Business Goal:
Strategic/Competitive advantage
CEO:
Daniel Henry, CEO
Headquarters:
Austin, Texas
Industry:
Financial Services
Revenue (2008):
$75 million
Website:
www.netspend.com
View All 2009 Winners »