PASADENA, Calif.--(BUSINESS WIRE)--Jun. 22, 2015--
Green Dot Corporation (NYSE:GDOT) announced today that it has entered
into a new, long-term agreement with Walmart, whereby Green Dot
Corporation and Green Dot Bank will continue to serve as the program
manager and issuing bank for the Walmart MoneyCard suite of prepaid
reloadable debit card products.
The initial term of this new agreement is for five years. The new term
has an effective start date of May 1, 2015 and will replace the current
agreement which would have otherwise expired at the end of this year.
Steve Streit, Founder, Chairman and CEO of Green Dot Corporation,
stated, “We are so very proud to serve Walmart and the many millions of
Americans who rely on Walmart for low prices on the products and
services they want and need. We launched the MoneyCard program with
Walmart in 2007, and today it remains the largest and most prestigious
General Purpose Reloadable prepaid card program in America. To be chosen
again as Walmart’s partner against a wide field of fine competitors
brings a wonderful feeling of accomplishment and satisfaction for all of
us at Green Dot Corporation who work so hard on behalf of our customers,
our business partners and our investors.”
Conference Call
The Company will discuss the renewal during a conference call to be held
at 5:00PM ET today. Hosting the call will be Steve Streit, Chairman and
Chief Executive Officer, and Mark Shifke, the Company’s interim Chief
Financial Officer. The conference call can be accessed live over the
phone by dialing (888) 348-8307, or (412) 902-4242 for international
callers. A replay will be available approximately two hours after the
call concludes and can be accessed by dialing (877) 870-5176 or (858)
384-5517 for international callers; the conference ID is 10067568. The
replay of the webcast will be available until Monday, June 29, 2015. The
live call and the replay, along with supporting materials, can also be
accessed through the Company's investor relations website at http://ir.greendot.com.
About Green Dot
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/20150622006173/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
