Steve Streit, CEO of Green Dot Corporation, Receives Prepaid Industry Achievement Recognition
Posted on: Wednesday, 25 March 2009, 07:30 CDT
Innovator Honored at Annual Paybefore Awards
LOS ANGELES, March 25 /PRNewswire/ -- Steve Streit, CEO and Founder of Green Dot Corporation, was recognized by Paybefore, the leading resource for news, analysis and features on the prepaid and stored value card industry. Achievements were honored in twelve categories during the 2009 Annual Paybefore Awards ceremony held March 10 during the Prepaid Expo USA in Orlando, FL. Streit was a recipient of a prestigious Industry Achievement Award, which recognizes "an individual who has contributed most to the success and progress of the prepaid and stored value card industry during the past year or over many years."
In 1999, Steve's ground-breaking idea was to sell prepaid debit cards at retail, ultimately targeted to the millions of Americans who earn less than $50,000 a year and who are underserved by the financial services industry. In 2004, Green Dot launched the Green Dot Financial Network, the first retail cash-acceptance reload network, which has quickly become the leading reload network for open-loop cards in terms of its national footprint, the number of card programs supported, and in terms of consumer and merchant reload brand awareness. Today, Green Dot provides consumers with financial empowerment through a suite of products and services, including prepaid debit cards, gift cards, and the Green Dot MoneyPak(R), available in more than 50,000 retailer locations including Walmart, Walgreens, CVS/pharmacy, Rite Aid, Kmart, Kroger and Radio Shack.
States Steve Streit, CEO and Founder of Green Dot Corporation, "Green Dot's mission is to help our customers manage their money much better for much less. Over these many years, Green Dot has become a fine company with a great mission that is brought to life each day by a committed, passionate and honorable team of professionals. Everything we do is about our customers and our ability to be helpful to them. On behalf of all of Green Dot, I'm honored and appreciative of Paybefore's recognition."
"Steve is not only a pioneer in this industry but an evangelist, not only for his business but for those his business serves," said Marilyn Bochicchio, Paybefore CEO. "We honor Steve for carrying out his mission to help the underserved community--in his personal and professional life--and for finding a way for prepaid cards to be part of the solution."
Winners were selected by a judiciary panel of five industry experts including Marilyn Bochicchio, CEO, Paybefore; Gary Palmer, executive vice president of Fidelity National Information Services and the NBPCA's chairperson-elect; Dan Horne, gift card researcher and associate professor of marketing at Providence College; Ken Howes, a director of Edgar, Dunn and Company and co-founder and director of the Prepaid International Forum; and John MacAllister, principal of Dorado Industries and a consultant in electronic payments for more than 25 years.
About Green Dot Corporation
Green Dot Corporation is a leading provider of retail-based financial services for America's underserved community. The company offers consumers a comprehensive portfolio of financial products and services through tens of thousands of leading retailer locations nationwide including Walmart, Walgreens, CVS/pharmacy, Rite Aid, Kmart, Kroger, Ralphs, Fred Meyer, Smiths and Radio Shack. Green Dot's products include Green Dot MasterCard(R) and Visa(R) branded prepaid debit cards, gift cards and the Green Dot MoneyPak(R). The Green Dot MoneyPak product provides a convenient and efficient way for consumers to load cash onto prepaid cards, use cash to make purchases and pay bills, and add cash to a variety of accounts. Green Dot is headquartered in the greater Los Angeles area. To learn more about Green Dot products and services, please visit http://www.greendotonline.com and http://www.moneypak.com. Green Dot and MoneyPak are registered trademarks of Green Dot Corporation.
Press Contact:
LB Baer
Green Dot Corporation
lbaer@greendotcorp.com
(626) 775-3497
SOURCE Green Dot Corporation
Source: PR Newswire
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