Green Dot said the deal will give the company improved customer acquisition and retention, drive the adoption of new banking and payment products targeted to new segments of consumers, and provide the opportunity for Green Dot to become a leader in mobile wallets, rewards and payment solutions at retailers.
Still, Green Dot, NetSpend, RushCard, AccountNow and others continue to sign up new customers in droves.
It already has another prepaid card in partnership with Green Dot called the Money Card.
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Green Dot believes that these patents will be important strategic assets as it pursues its mobile business opportunities.
At each different location visitors collect a green dot, and the tour is complete when they've collected six dots.
Green Dot shares lost nearly 20% this morning after Wal-Mart and American Express said it would roll out a competing product.
FORBES: Red Light For Green Dot Investors On Wal-Mart, Amex Threat
This creates a problematic situation for Green Dot, which derives more than 60% of its revenue from a prepaid card offered at Wal-Mart stores.
FORBES: Red Light For Green Dot Investors On Wal-Mart, Amex Threat
Unlike everyone else, it appears, I believe Green Dot is undervalued and remains a critical player in prepaid (disclosure: I own no GDOT stock).
Since 2001, Millennium has bought secondary shares in 300 firms, and four of its investments recently went public, including Green Dot, NetSpend, RigNet, and Epocrates.
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Green Dot is a provider of pre-paid Visa cards and MasterCards.
Green Dot MoneyPak, which I have never heard of before this, according to the notice, can be purchased at major retailers such as WalMart, CVS, Walgreens, Kmart, etc.
Accounts can be funded using MasterCard, Dwolla or Green Dot.
Walmart did a deal with American Express, which has made a massive investment to market its nascent prepaid capabilities, and dealt a massive blow to the value of Green Dot.
Green Dot lost over 60% of its already post-prime value last summer and NetSpend was never a Wall Street darling with its check cashing distribution partners and second fiddle position.
This report identified the Green Dot Prepaid Card and the American Express Prepaid Card as being the best choices for these options, respectively, primarily because of their low costs for typical usage.
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Green Dot is trying to cast a wider net by going after consumers who are dissatisfied with their traditional bank accounts as well as younger, tech-savvy consumers who constantly use mobile phones, thanks largely to social-networking apps.
Green Dot, the provider of prepaid debit cards sold by Wal-Mart Stores, pharmacies and other retailers, is aiming to take on big banks with a new checking account that consumers can open and manage through a smartphone application.
"What we do is a reasonable measure to know the identity of each customer, " says John Ricci, general counsel for Green Dot, which apparently didn't get wise to Wamsley-Saxon (someone tipped off the cops) but cooperated with the investigation.
Directly opposite in an empty field is a green flag with a large white dot, representing the opposition Parti Islam SeMalaysia (Pas).
The best deals show up as a big green circle, while overpriced seats are marked with a smaller red dot.
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Marissa Feinberg , Green Spaces co-founder, PR and marketing media whisperer, and rapid dot connector.
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