PASADENA, Calif.--(BUSINESS WIRE)--Aug. 4, 2015--
Green Dot Corporation (NYSE:GDOT) today announced a new cash processing
technology that enables customers to securely and conveniently add cash
to their accounts at participating retailers using their mobile device.
This service leverages Green Dot’s new mobile and web-enabled barcode
generation system and thousands of Green Dot retail locations to provide
a new cash-loading option.
“Green Dot @ the Register facilitates a safer and seamless process for
adding cash to accounts that is easy, convenient and intuitive for both
customers and retailers,” said Helena Mao, General Manager, Green Dot
Network. “This is another example of how Green Dot is expanding its
technology platform to be adapted for numerous uses, including reloading
prepaid cards and digitizing cash from a customer's wallet at the
retailer point of sale and then sending it to any type of account
instantly. Our goal is to utilize Green Dot's latest cutting edge mobile
technology and marry it to Green Dot's legacy retail point of sale
technology to create a massive network of retail locations where instant
cash movement can happen for any number of purposes."
Customers of participating Green Dot partners can now log into their
accounts from their desktop or mobile browser and select the ‘Add Money
at a Store’ option to generate a unique barcode, which can be displayed
on their mobile device or printed. Customers then simply present the
barcode to the cashier at a participating retailer who will scan the
barcode and collect the cash to complete the load transaction.
Current and future Green Dot @ the Register™ solutions can be explored
at www.attheregister.com.
PayPal CASH, powered by Green Dot @ the Register™, is a great example of
how this technology is leveraged to allow PayPal customers to add money
to their account quickly, securely and conveniently. More information
can be found at www.paypal.com/us/webapps/mpp/ppcash.
About Green Dot Corporation
Green Dot Corporation, along with its wholly owned subsidiary bank,
Green Dot Bank, is a pro-consumer financial technology innovator with a
mission to reinvent personal banking for the masses. Green Dot invented
the prepaid debit card industry and is the largest provider of
reloadable prepaid debit cards and cash reload processing services in
the United States. Green Dot is also a leader in mobile technology and
mobile banking with its award-winning GoBank mobile checking account.
Through its wholly owned subsidiary, TPG, Green Dot is additionally the
largest processor of tax refund disbursements in the U.S. Green Dot's
products and services are available to consumers through a large-scale
"branchless bank" distribution network of more than 100,000 U.S.
locations, including retailers, neighborhood financial service center
locations, and tax preparation offices, as well as online, in the
leading app stores and through leading online tax preparation providers.
Green Dot Corporation is headquartered in Pasadena, Calif., with
additional facilities throughout the United States and in Shanghai,
China.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150804005520/en/
Source: Green Dot Corporation
Green Dot Corporation
Investor Relations
Christopher
Mammone, 626-765-2427
IR@greendot.com
or
Media
Relations
Brian Ruby, 203-682-8268
PR@greendot.com