Netspend Pops on Acquisition

Netspend

surged over 29% Wednesday after Total System Services

announced that it would acquire the company for $16 per share. Shares of Netspend hit a new 52-week high of $15.96 Wednesday. With the deal, Total System Services seems to be betting that digital payments will continue to replace cash transactions. Similar companies, such as Green Dot

also traded higher on Wednesday. Going forward, investors should keep an eye on the growing trend of alternative payment systems.