- Business
- nFinanSe Inc. (NFSE) provides stored value cards and reloadable prepaid financial products to grocery stores, convenience stores, and general merchandise retailers primarily in the United States; its core offerings include Visa- and Discover-branded general purpose reloadable cards, bank-issued gift cards, and payroll cards distributed through a network of approximately 19,000 retail agent locations via partnerships with distributors such as InComm and Coinstar. The company operates the nFinanSe Network, a point-of-sale and PC-based software platform that connects merchants with multiple prepaid card processors and issuing banks like Palm Desert National Bank and California Bank; it targets unbanked and underbanked consumers seeking prepaid access without traditional banking. Founded in 2000 and headquartered in Tampa, Florida, with some references to Sarasota operations, nFinanSe serves the consumer finance segment of the diversified financials industry through direct sales to consumers at retail points. The company underwent a major strategic shift with the phased sale of its operational assets to AccountNow in late 2012, after which it operates as a subsidiary of AccountNow LLC; no significant funding rounds, acquisitions, new product launches, or partnerships have been reported in the last 1-2 years amid stagnant stock performance and outdated financial disclosures as of 2011.