Green Dot, InComm Announce Strategic Distribution Agreement

Under the terms of the agreement, Green Dot(R) will be able to use the InComm Fastcard(R) Network for activation of its prepaid debit cards, and InComm will have access to the Green Dot Financial Network for reloading of its own prepaid debit cards. The two companies will also strategically share resources and channels to extend the reach of their products and services.

"Both Green Dot and InComm are innovators and pioneers in the rapidly developing prepaid card space," said Brooks Smith, President & CEO of InComm. "This new partnership significantly enhances both companies' product portfolios and levels of customer service. By joining together InComm's activation technology with the Green Dot Financial Network and Green Dot card products, we are able to offer prepaid card customers an unparalleled level of security, flexibility, and selection. With our vast combined network of retail locations, we bring customers a new level of convenience." InComm's retail- based stored-value platform is fast, easy to use, and mitigates fraud. The company pioneered prepaid, stored-value technology and today has a network of more than 145,000 retail locations, including big box retailers, grocery stores, convenience stores, chain drug stores, office supply, discount and more.

"Green Dot's mission is to be America's number one financial services provider to the financially underserved community," said Steve Streit, Green Dot President and CEO. "Partnering with InComm strategically positions Green Dot for significant growth by introducing our innovative suite of retail financial services products and Green Dot Financial Network cash acceptance services to InComm's extensive retail footprint."