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The Green Dot Corporation is an American financial technology and bank holding company headquartered in Austin, Texas. [1] It is the world's largest prepaid debit card company [2] by market capitalization. Green Dot is also a payment platform company and is the technology platform used by Apple Cash, [3] Uber, and Intuit.
The graduation rates of schools operated by Green Dot are higher than those of the Los Angeles Unified School District; in the 2014–2015 school year, 80% of students graduated from Ánimo schools, compared to 72% that year for LAUSD (79.7% for Comprehensive High Schools.)
Green Dot's payment systems software is the platform used by Apple Pay Cash, Uber, and Intuit. The company was founded in 1999 by Steve Streit as a prepaid debit card for teenagers to shop online. In 2001, the company pivoted to serving the "unbanked" and "underbanked" communities.
Green Dot, which also operates under the moniker Go2bank, specializes in prepaid debit cards and digital accounts that can be set up for direct-deposit paychecks and to pay bills online.
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Green Dot Corp., a company that partners with Walmart to sell prepaid debit cards at the retail giant, has been fined $44 million by the Federal Reserve for "numerous" alleged failures that harmed ...
In 2002, Rite Aid became the first large retailer to sell Green Dot cards. By 2010, over 50,000 retail stores sold Green Dot products. [9] In 2004, Green Dot created the first "cash to debit card reload network," in which any prepaid card issuer could have their customers load money onto their debit card from any Green Dot retailer. [9] [10]