Green Dot Corporation is best known for its prepaid cards, but its growth opportunities are coming from faster payments and the on-demand or gig economy, its CEO said yesterday. CEO Steve Streit, who has had an exciting year, said in the company’s earnings call yesterday that Green Dot’s success with UberRead More
Post Tagged with: "prepaid"
The future of regulations in banking may be uncertain pending the results of yesterday’s election, but one thing we know: On Oct. 1, 2017, a new rule will go into effect for prepaid cards, the CFPB announced last month. The rule will require transaction histories to be provided to users,Read More
GoBank launched an account for the “gig economy” in March, and its first test case was the rideshare giant Uber. Yesterday, for the first time, Green Dot, which owns and operates GoBank, revealed some usage numbers on the accounts. The program is used by 80 thousand drivers, Green Dot CEO Steve StreitRead More
Prepaid card issuer Green Dot, which announced a partnership with Uber to provide bank accounts to drivers last March, announced an addition to its Instant Pay functionality yesterday. Green Dot sells its own brand of prepaid cards and provides the backend for the Walmart Moneycard. But it is also a bank, and offers full-featuredRead More
GoBank … that’s that mobile bank account from Green Dot, right? The unprofitable offspring of the industry-leading prepaid card? Turns out it’s much more than that. The technology running GoBank, partially inherited from the Sam Altman-led startup Loopt, acquired by Green Dot in 2012, now underlies the entire Green DotRead More
It is a sad truth: AML violations have cut the innovation practice at The Bancorp. The Bancorp, which released earnings yesterday, arguably has been a leading advocate for fintech over the last several years, notably providing the bank charter behind Simple. But The Bancorp is facing regulatory scrutiny for itsRead More
Steve Streit, CEO of prepaid card issuer Green Dot Corp., will participate in a fireside chat at Bank Innovation 2016 on March 1 in Seattle. Green Dot issued its first prepaid cards in 2000, and went public in 2010. In 2011, the FDIC approved Green Dot’s $15-million purchase of Bonneville Bancorp, a single-branch bank in Utah.
Prepaid player Green Dot is stepping into the lending game with a marketplace for loans. The move will happen in 2016, CEO Steve Streit announced yesterday at the US Treasury Financial Inclusion Forum in Washington, D.C. The marketplace, to be called Green Dot Money, will leverage Green Dot technology to matchRead More
Card.com is focusing on the CEOS and CFOs of America — meaning mothers. The Santa Monica, Calif.-based prepaid card provider announced a Series C raise of $9 million yesterday, which will enable it to build out a host of new features in 2016, according to CEO Ben Katz, a Green DotRead More
Green Dot is moving into the small business space with the launch of GoBusiness, a version of the mobile bank account GoBank designed for use by employees in the on-demand economy. This initiative, announced on today’s earning call, should not be confused with Mastercard’s Australia-based Go Business service. Its preciseRead More