Green Dot(R) Corporation Partners With Wal-Mart and GE Money to Launch Wal-Mart MoneyCard(SM) Program
Posted on: Wednesday, 20 June 2007, 09:01 CDT
LOS ANGELES, June 20 /PRNewswire/ -- Green Dot Corporation, a leading provider of retail-based financial services for America's underserved community, Wal-Mart and GE Money jointly announced today that they have launched the Wal-Mart MoneyCard prepaid Visa debit card. The Wal-Mart MoneyCard will help to meet the needs of millions of financially underserved consumers in the US. The Wal-Mart MoneyCard is easy to get, easy to use, and is a much safer alternative to cash. Consumers can use the card for all Visa debit transactions: to make online purchases, to obtain cash at ATMs and to access a host of other services, without a credit check or bank account.
"Wal-Mart's commitment to helping customers live better lives extends to the selection of our partners for the Wal-Mart MoneyCard program," said Jane Thompson, President of Wal-Mart Financial Services. "Green Dot and GE Money are as devoted as we are to serving these consumers. Together, we are introducing the Wal-Mart MoneyCard, a convenient, safe, and affordable way for Wal-Mart Customers and Associates to handle their financial needs."
"We're extremely proud to be partnering with Wal-Mart and GE Money on the launch of the Wal-Mart MoneyCard," said Steve Streit, CEO of Green Dot Corporation. "Wal-Mart, GE Money and Green Dot share a strategic vision to offer products and services that fulfill the needs of consumers who have been neglected by traditional financial service companies. With the Wal-Mart MoneyCard, millions of underserved Americans can now enjoy financial access coupled with security and flexibility."
The Wal-Mart MoneyCard program was lauded for being the "Best Unbanked and Underserved Program" at the annual Prepaid Expo Awards Ceremony earlier this year. Recognizing Green Dot Corporation's contribution to the program, Wal-Mart Financial Services presented Green Dot with the 2007 Wal-Mart Innovation Award at their annual Supplier Summit meeting.
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 retailers nationwide. Products include Green Dot MasterCard(R), Visa(R) and Discover(R) branded prepaid debit cards, Green Dot Visa credit cards and Green Dot MoneyPak(TM). The Green Dot MoneyPak(TM) is a consumer to business "C2B" cash processing gateway that provides a convenient and efficient way for consumers to load cash to prepaid cards, use cash to pay bills, and add cash to a variety of accounts. Green Dot is headquartered in the greater Los Angeles area. For more corporate information, visit http://www.greendotcorp.com/. To learn more about Green Dot products and services please visit http://www.greendotonline.com/, http://www.getmygreen.com/.
Press Contacts: Liz Youngs CommStrat for Green Dot 843-971-7140 liz@commstrat.net
Green Dot Corporation
CONTACT: Liz Youngs of CommStrat, +1-843-971-7140, liz@commstrat.net,for Green Dot
Web site: http://www.greendotcorp.com/http://www.greendotonline.com/http://www.getmygreen.com/
Source: PRNewswire
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