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The Green Dot Corporation is an American financial technology and bank holding company headquartered in Austin, Texas. [1] It is the world's largest prepaid debit card company [2] by market capitalization. Green Dot is also a payment platform company and is the technology platform used by Apple Cash, [3] Uber, and Intuit.
About a 11 years ago, at a Starbucks (SBUX) coffee shop, I met an aspiring entrepreneur, Steven Streit. Like many at that time, he wanted to leave the corporate world and become a dot-com millionaire.
In 2002, Rite Aid became the first large retailer to sell Green Dot cards. By 2010, over 50,000 retail stores sold Green Dot products. [9] In 2004, Green Dot created the first "cash to debit card reload network," in which any prepaid card issuer could have their customers load money onto their debit card from any Green Dot retailer. [9] [10]
Green Dot may be best known for the reloadable debit card it sells at Walmart under the brand Walmart MoneyCards. Thanks in part to this partnership, Green has opened some 67 million accounts over ...
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Green Dot Corp., a company that partners with Walmart to sell prepaid debit cards at the retail giant, has been fined $44 million by the Federal Reserve for "numerous" alleged failures that harmed ...