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Coleman brings with him experience in securities law, mergers, acquisitions, joint ventures, public and private equity, debt financings, reporting and compliance and other corporate issues. Before accepting his current position with NetSpend, Coleman worked for Syncada as the chief legal officer and secretary. He joined Syncada, a joint venture of Visa and US Bank, in the fall of 2009. From 2000 until 2007 Coleman served in the role of Executive Vice President, General Counsel, and Secretary of the eFunds Corporation, which offers transaction processing, risk management, and prepaid debit cards. Prior to that, Coleman served as an attorney for the Deluxe Corporation. He also worked with Dorsey & Whitney at the Minneapolis location and for Fried, Frank, Harris, Shriver & Jacobsen in New York.
Coleman earned his Bachelor of Science, Electrical Engineering degree from the University of Wisconsin-Madison and his Juris Doctorate from the University of Minnesota-Twin Cities.
''We are delighted to have a veteran payments industry lawyer like Steve Coleman join our executive team. His depth of industry experience and shared commitment to the empowerment of underbanked consumers will be a great addition as we continue to grow our business in a rapidly changing payments landscape,'' said Chief Executive Officer of NetSpend, Dan Henry.
NetSpend provides general-purpose reloadable (GPR) debit cards and financial services to about 60 million US consumers who either don’t have a customary bank account or who use other financial services. The Austin, Texas- headquartered company sells its products through contractual relationships with corporate employers and retail distributors, as well as online. NetSpend Holdings is the parent company to NetSpend Corporation, which is one of America’s largest prepaid debit card providers.
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