Welcome to the News View for "Green Dot".
Here, on these archive pages, you'll find all of the articles on Payments News for Green Dot listed in date sequence beginning with the most recent article at the top of the page.
Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.
Over on Payments Views, Glenbrook's Allen Weinberg has a post about "Green Dot's New Mobile-Optimized Bank Account". Allen went to the product launch event and came away thinking that GoBank is not only a new brand almost a new product category. "What I found most interesting was Green Dot’s focus on the 'unhappily banked' and those new to the banking system, like my two teenage sons."
Green Dot has announced GoBank, "the first bank account designed from scratch to be opened and used on a mobile device. Launching in limited release, with general availability to come later this year, GoBank is fast, fair and feature-rich, allowing consumers to interact with their money in a way that’s immediate, intuitive and intimate. In addition to GoBank’s consumer-friendly pricing model of no overdraft fees or penalty fees and no minimum balance requirements, GoBank makes it easy to send and deposit money, build a budget and find an ATM, with a massive network of more than 40,000 fee-free ATMs." And don't forget the FDIC insurance.
Website is located at http://www.gobank.com/.
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
Green Dot has announced that "its application to acquire Bonneville Bancorp ("Bonneville") and thereby become a bank holding company under the Bank Holding Company Act of 1956 has been approved by the Board of Governors of the Federal Reserve System. Today the Utah Department of Financial Institutions also approved Green Dot's acquisition of Bonneville."
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
NICE Actimize has announced that Green Dot has selected a number of NICE Actimize's risk management solutions, including Card Fraud, AML Suspicious Activity Monitoring, Know Your Customer (KYC) Due Diligence and Enterprise Risk Case Manager.
Over the weekend, GetDebit.com reported on Green Dot's plans to become a bank holding company through the acquisition of Bonneville Bancorp. In a post titled "A New Model for Retail Banking?" on our PaymentsViews.com website, Glenbrook's Carol Coye Benson reacts to the news - saying she thinks that Green Dot's move "gives, I think, a peek at what may come for retail banking in the future."
Green Dot Corporation has filed an SEC Form S-1 Registration Statement for an initial public offering of its class A common stock.
Green Dot and PayPal have announced an agreement that will allow U.S. consumers to load money directly to their PayPal accounts using Green Dot’s MoneyPak. This will enable people to shop anywhere PayPal is accepted without the need for a bank account or credit card. READ MORE »
We mentioned earlier this week that copies of many of the presentations from the recent Chicago Fed Payments 2009 conference are now available online.
One of the more interesting presentations is the Overview of Green Dot presentation by Steve Streit, CEO. It includes a description of how Green Dot is three companies in one: a retail packaged goods provider, a financial services provider, and the Green Dot reload network (MoneyPak).
Another interesting presentation is Payment Strategy at Home Depot by Dwaine Kimmet, VP Home Depot Financial Services. Kimmet clearly lays out the retailer's payment priorities - and frustrations with increased interchange costs saying that, since 2002, Home Depot "has not seen value created by these new, higher fees." He goes on to describe the private label card approach that Home Depot's adopted which has become its lowest cost credit tender type.
There are lots of other interesting presentations from this recent conference - available here.
Citi and Green Dot have announced "a strategic alliance to provide Citi-issued general purpose gift cards and reloadable prepaid debit cards to consumers. In addition, Citi Cards’ retail business partners will have the opportunity to offer co-branded versions of these prepaid products to their customers. With this partnership, Green Dot further expands its national retail distribution of prepaid products." READ MORE »
Chase Paymentech and Green Dot Corporation have announced an agreement to offer Chase Paymentech-processed merchants an alternative cash payment solution that gives them the ability to accept cash transactions through their existing online and phone interfaces by accepting Green Dot’s MoneyPak as a form of payment.
READ MORE »Green Dot has announced an agreement with RentPayment, an electronic payments processor in the multifamily industry, that enables customers of RentPayment to have access to convenient cash payment methods using Green Dot's MoneyPak.
READ MORE »MasterCard Worldwide has announced a strategic agreement with Green Dot Corporation, operator of the Green Dot Network, to expand the ability of consumers to reload prepaid cards enrolled in the MasterCard rePower point of sale load network at retail locations throughout the United States.
READ MORE »Green Dot Corporation has announced an agreement with CardinalCommerce to "enable eCommerce merchants for the first time to receive online payments from a largely untapped consumer segment: the financially underserved community of more than 80 million "cash consumers" nationwide who do not have access to traditional bank accounts, credit cards or other financial tools."
READ MORE »Green Dot Network has announced it has reached a new high of 109 prepaid card programs reloading on its network as of January 31. These programs include cards issued from multiple banks under the MasterCard, Visa and Discover Network brands.
READ MORE »Green Dot Corporation has announced that it is offering "through its retail network the first reloadable prepaid card to launch on the Discover Network. Customers will be able to use the card to purchase goods and
services at over 4 million merchant locations where Discover is accepted. Like other Green Dot products, the Green Dot Discover Network prepaid card can be reloaded via the Green Dot Financial Network -- one of the nation's largest retail-based cash acceptance networks."
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