Ads
related to: green dot debit card fraud
Search results
Results From The WOW.Com Content Network
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 ...
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 ...
According to the statement, Green Dot violated consumer law in its marketing, selling, and servicing of prepaid debit card products, and its offering of tax return preparation payment services.
Its first debit card, branded as I-GEN and marketed toward teenagers and Internet users, was released in 2000. In 2001 the first I-GEN MasterCard was sold at a Rite Aid in Virginia. In 2002, Green Dot debit cards were offered at Rite Aid, CVS Pharmacy, and Pantry Convenience stores and by 2003, in over 18,000 stores nationwide. [citation needed]
Green Dot also operates under the name Go2Bank and furnishes deposit and debit card services to Walmart customers. Florida resident Mary Cannon said she’s still having trouble.
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]