NetSpend chooses Orchestra Networks to deliver the foundations of its corporate wide MDM needs
Austin, Texas - Paris, France - August 17, 2009. Orchestra Networks, leading provider of Master Data Management (MDM) Software, today announced NetSpend Corporation has selected EBX.platform software as the foundation of all its Master Data Management needs in support of critical IT and Business initiatives. NetSpend based in Austin, Texas is one of the leading providers of reloadable prepaid debit cards and prepaid debit card services in the United States. The company's debit cards enable individuals to make purchases, pay bills, and shop online without the need for a conventional bank account or credit history.
Operating nationally, NetSpend has one of the most convenient and accessible retail networks in the country, with approximately 43,000 card purchase locations and 90,000 card reload locations.
NetSpend's proprietary, end-to-end approach is scalable and customizable, delivering cost benefits and revenue building opportunities to partners. The company manages all aspects of the debit card lifecycle, from managing the card design and approval processes with partners and associations, to production, packaging, distribution, and personalization. NetSpend also oversees inventory and security controls, renewals, lost and stolen card management and replacement.
"EBX.Platform is a key part of our strategy to build foundations of capabilities to support our ever growing scale and complexity of customer needs. Like any company leading in its field we need to remain focused on delivering innovation to the business and maintain that position," said James DeVoglaer, senior vice president and CIO, NetSpend Corporation.
"We are very pleased that NetSpend Corporation selected EBX.Platform to meet the varied Master Data needs of its business," said Christophe Barriolade, Co-Founder and CEO of Orchestra Networks. "Our solution has helped many global 500 companies achieve greater clarity and a higher degree of confidence of its data to support corporate initiatives such as Sarbanes Oxley, Basel II and alike."
EBX.Platform is a model driven solution for MDM. It provides out of the box features to enable the business to manage and collaborate on its shared business and technical data. As it is not restricted to any given model the EBX.Platform can manage any structured data regardless of complexity. This approach helps organisations remove the plethora of spreadsheet that business has used to manage these issues to date and remove the silos from the IT applications landscape.
About Netspend Corporation
NetSpend Corporation is one of the premier providers of innovative, accessible prepaid debit cards which empower consumers with the convenience, security and freedom to be self-banked. NetSpend achieves its mission by serving its customers anytime and anywhere, being trustworthy, reliable, and delivering innovative high value products and features. 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.
About Orchestra Networks
Founded in 2000 and headquartered in Paris, Orchestra Networks is a leading and independent software vendor supplying the first truly model-driven master data management software solution. Its EBX.Platform provides clients with significant data governance capabilities to gain greater control of their master and reference data. Orchestra Networks has been named "Cool Vendor in Master Data Management, 2008" by Gartner. For more information, email email@example.com or visit www.orchestranetworks.com
Note: Orchestra Networks is a registered trademark of Orchestra Networks in France and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.