Profile: Green Dot Corp (GDOT.K)

GDOT.K on New York Consolidated

16.21USD
26 Mar 2015
Change (% chg)

$-0.06 (-0.37%)
Prev Close
$16.27
Open
$16.27
Day's High
$16.29
Day's Low
$16.07
Volume
289,601
Avg. Vol
700,889
52-wk High
$24.47
52-wk Low
$13.87

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Green Dot Corporation (Green Dot), incorporated on October 26, 1999, is a bank holding company. The Company is the provider of prepaid debit card products and prepaid card reloading services in the United States, as well as engaged in mobile banking with its GoBank mobile bank account offering. Green Dot also provides money management solutions to the United States consumers. The Company operates under four consumer segments: Never-banked, Previously-banked, Underbanked and Fully-banked. Green Dot Corporation products are available to consumers at more than 90,000 retailers nationwide, online and via application stores. The Company’s bank subsidiary is Green Dot Bank, which is located in Provo, Utah. Its principal products and services consist of Green Dot-branded and Walmart MoneyCard GPR cards and GoBank products.

Card Products

The Company’s Green Dot-branded GPR cards provide consumers with a way to manage their money and make payments without undergoing a credit check or possessing a pre-existing bank account. In addition to standard prepaid Visa- or MasterCard-branded GPR cards, it also offers GPR cards marketed for a specific use or market, such as its Online Shopping card, its Prepaid Student card and its Prepaid NASCAR card.

The Company’s GPR cards are issued as Visa- or MasterCard-branded cards and can be used by consumers at the more than 30 million locations across the globe that accept these brands, including for bill payments, everyday store purchases, online shopping, ATM withdrawals and electronic payments through mobile devices. Cardholders can conduct ATM transactions at approximately 1.9 million Visa PLUS or 2.1 million MasterCard Cirrus ATMs across the globe, including more than 24,000 MoneyPass fee-free ATMs in all the 50 states.

The Company provides co-branded GPR cards on behalf of retail distributors and other business entities and affinity groups. Co-branded cards bear the trademarks or logos of the retail distributor or business entity or affinity group, and its trademark on the packaging and back of the card. These cards have the same features and characteristics as its Green Dot-branded GPR cards, and are accepted at the same locations. Representative co-branded cards include the Walmart MoneyCard, the NASCAR Prepaid Visa Card, the RushCard Live Prepaid Visa card and the Mossy Oak Prepaid MasterCard.

GoBank is a checking account product that allows customers to acquire and manage their checking account entirely through a mobile application available on smartphone devices.

Reload Services

The Company generates cash transfer revenues when consumers purchase its reload services. It offers consumers ways to reload any of its GPR cards and to conduct other cash loading transactions through its reload network, using its MoneyPak product or through retailers’ specially-enabled POS devices. MoneyPak is offered in all of the retail locations where its GPR cards are sold. MoneyPak is cash reload product, which it markets on a display like its Green Dot-branded GPR cards.

The Company competes with InComm, Blackhawk Network, Inc., First Data, NetSpend, American Express, Western Union, MoneyGram, First Data, NetSpend, AccountNow and UniRush.

Company Address

Green Dot Corp

Suite 205, 605 East Huntington D
MONROVIA   CA   91016
P: +1626.7393942

Company Web Links

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