When retail giant Walmart Inc. and PayPal Holdings Inc. announced nearly a month ago that PayPal customers will be able to withdraw cash from, and deposit cash into, their accounts at U.S. Walmart stores, a major partner in that service wasn’t mentioned. On Wednesday, prepaid card services provider Green Dot …
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Green Dot Touts Platform Partners; Worldpay Hits $1 Billion in Revenue; CPI Gets a Prepaid Bump
With Some Fast-Growing Programs, Green Dot Hopes Its BaaS Becomes a Whale
Green Dot Corp. executives played up their “banking-as-a-service” platform Wednesday as the company reported strong second-quarter growth in most of its business lines, but they said little about the support they provide for Apple Inc.’s Apple Pay Cash service. Pasadena, Calif.-based Green Dot supplies the virtual prepaid card that customers …
Read More »Green Dot Preps for Apple Pay Cash; ISVs Rev Up Revenue at Global Payments; NCR Debuts Quantum
Buoyed by a Strong Quarter, Green Dot Prepares Launches of Apple Pay Cash And Intuit Programs
Prepaid program manager Green Dot Corp. logged a strong quarter and now looks forward to big results from fresh deals with Apple Inc. and Intuit Inc., chief executive Steven W. Streit told stock analysts on Tuesday. Speaking on the same day Apple released a so-called public beta version of its …
Read More »Green Dot Provides Some Details About its Role in the Upcoming Apple P2P Service
Prepaid specialist Green Dot Corp. released more details about its role in Apple Inc.’s upcoming person-to-person service in its Messages app. Apple announced the new feature in June and is expected to make it available this fall with an update to its iOS software for iPhone and iPads. Pasadena, Calif.-based …
Read More »Eye on Earnings: Green Dot’s Key Card Metrics Grow; CardConnect’s Volume Rises 23%
Prepaid card program manager Green Dot Corp. reported higher purchase volumes and card numbers in the first quarter while merchant acquirer CardConnect Corp. posted a 23% increase in bank card dollar volume. Purchase volumes on Pasadena, Calif.-based Green Dot’s cards totaled $5.5 billion, up 17% from $4.71 billion in 2016’s …
Read More »Amends Made, Green Dot Appoints a Formerly Hostile Investor as a Board Advisor
Ten months after prepaid payments specialist Green Dot Corp. made amends with investor Harvest Capital Strategies LLC over a dispute about the company’s direction, Green Dot is adding a Harvest executive as an observer and advisor to its board of directors, the company announced Monday. Pasadena, Calif.-based Green Dot says Jeffrey …
Read More »Green Dot Gets Set for a Major Role in Payroll Cards As It Prepares to Swallow UniRush
Green Dot Corp.’s chief executive on Wednesday hailed the company’s pending acquisition of Consumer Financial Protection Bureau <![endif]–> The company finished 2016 with $718.8 million in total operating revenue, up 3.5% over its 2015 revenue total. Net income for the year came in at $41.6 million, up 8% from $38.4 …
Read More »Green Dot May Be Interested in UniRush and other Digital Transactions News briefs
• Bloomberg reported that prepaid card services provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music-industry entrepreneur behind the rap label Def Jam. • In another possible deal, U.K.-based accounting and payroll software firm Sage Group plc is mulling a sale of its U.S. …
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