ExxonMobil, TIO Networks and NetSpend launch new prepaid card

ExxonMobil, along with TIO Networks and NetSpend Corporation, has announced the launch of the TIO Prepaid MasterCard at participating Exxon and Mobil convenience store locations across the US.

The launch means that consumers in participating locations in the US can purchase a TIO Prepaid MasterCard and use TIO’s automated self-serve kiosks to instantly activate the card and load it with funds. The cards, which are issued by MetaBank, will enable consumers to make purchases or gain access to cash anywhere that debit MasterCard cards are accepted worldwide.

Features of the TIO Prepaid MasterCard include free direct deposit – the automatic deposit of paychecks on the card – and free Anytime Alerts balance and transaction details sent to a cardholder’s email or mobile phone.

We are excited to partner with NetSpend to enhance our relationship with ExxonMobil by offering the TIO Prepaid MasterCard to their customers, said Hamed Shahbazi, chairman and CEO of TIO Networks. This card is an effective alternative for millions of people in the US who are self-banked.