Fox Business - The Power to Prosper
Search Site

Green Dot Corporation

Do Big-Bank Prepaid Cards Lead the Pack?

Debit Cards Best Prepaid Debit Cards Do Big-Bank Prepaid Cards Lead The Pack?Big banks have jumped into prepaid debit cards.Many of the nation's biggest banks, including JPMorgan Chase, PNC Bank and U.S. Bank, now offer their own prepaid cards.Many of these bank prepaid cards now have low monthly fees, according to the Bankrate 2014 Prepaid Card Survey. Typically, there are no fees for bank ATM withdrawals or reloading a card. Even so, nonbank prepaid card fees also are dropping and their features may be richer, according to a July 2013 Consumer Reports study.With prepaid cards, the attraction for big banks is that their use is exploding. The dollar amount loaded onto prepaid cards is expected to grow from $82 billion in 2012 to $167 billion at the end of 2014, according to the Consumer Financial Protection Bureau, or CFPB.Find the best credit cards at Bankrate.com.Consumers are turning to prepaid cards because of financial difficulty, says Christina Tetreault, a staff attorney at Cons...

Read More

  1. Green Dot CEO: Retail Sales Still Strong Despite Prepaid-Card Explosion

    Green Dot Corp. (GDOT), whose prepaid debit cards are sold in thousands of supermarkets, pharmacies and other stores, continues to generate strong sales in most reta...

  2. Green Dot 4th Quarter Revenue Grows 15% As Card Use Increases

    Green Dot Corp. (GDOT), which markets prepaid debit cards to consumers through grocery stores, pharmacies and online, said its revenue grew 15% in the fourth quarter...

  3. Green Dot Aims to Take On Banks With Its Mobile-Based Account

    Green Dot Corp. (GDOT), the provider of prepaid debit cards sold by Wal-Mart (WMT), pharmacies and other retailers, is aiming to take on big banks with a new checkin...

  4. Wal-Mart, Amex Take on Banks With Low-Priced Debit Card

    Wal-Mart Stores Inc and American Express Co are teaming up to offer a prepaid debit card called Bluebird to target lower-income shoppers who may not have bank accoun...

  5. UPDATE 5-Wal-Mart, Amex take on banks with low-priced debit card

    Wal-Mart Stores Inc and American Express Co are teaming up to offer a prepaid debit card called Bluebird to target lower-income shoppers who may not have bank accoun...

  6. Wal-Mart, Amex take on banks with low-priced debit card

    Wal-Mart Stores Inc and American Express Co are teaming up to offer a prepaid debit card called Bluebird to target lower-income shoppers who may not have bank accoun...

  7. American Express, Wal-Mart Team Up for Prepaid Card

    In a bid to capture new customers, American Express Co. (AXP) and Wal-Mart Stores Inc. (WMT) on Monday announced a new prepaid card, billing it as a cheaper alternat...

  8. Wal-Mart, Amex offer card for lower-income shoppers

    Wal-Mart Stores Inc and American Express Co are teaming up to offer a prepaid debit card called Bluebird to target lower-income shoppers who do not have bank account...

  9. American Express and Wal-Mart Team Up for Prepaid Card

    In a bid to capture new customers, American Express Co. (AXP) and Wal-Mart Stores Inc. (WMT) on Monday announced a new prepaid card, billing it as a cheaper alternat...

  10. Wal-Mart, Amex team up on card for lower-income shoppers

    Wal-Mart Stores Inc and American Express Co have teamed up to provide financial services to customers who often do not have traditional bank accounts by offering a p...

  11. Wall Street falls at open after World Bank's Asia outlook

    U.S. stocks declined on Monday after the World Bank cut growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits...

  12. Green Dot Plunges 20% On American Express Threat

    Shares of Green Dot Corp. fell out of bed on Monday morning, dropping 20% after news that rival American Express Co. and Wal-Mart Stores Inc. are rolling out a new p...

  1. Find the Best Prepaid Debit Card for You

    Prepaid debit cards can be an alternative for consumers who have had trouble establishing or improving credit. Bankrate's 2014 Prepaid Debit Cards Survey shows a cro...

  2. Playing defense with tech stocks

    With 2014 off to a somewhat rocky start, experienced investors have understandably re-calibrated their tolerance for risk. After a great 2013 for many market partici...

  3. Late summer adjustments for the Crabtree Technology portfolio

    August was business-as-usual at Crabtree Asset Management.  We sold nine positions, bought nine new ones and trimmed six other holdings.Sold were Audience ( ADNC ), ...

  4. 3 Prepaid Cards that Outperform the Rest

    According to the Pew Charitable Trusts, consumers will load an estimated $200 billion on prepaid cards this year. But if you're considering one of these cards, you m...

  5. American Express Adds Checks, FDIC Insurance to Bluebird Product

    American Express Co. (AXP) is adding paper checks and deposit insurance to the Bluebird prepaid card it debuted last year with Wal-Mart Stores Inc. (WMT) as it faces...

  6. Coinstar Expands Move to Make Coin Machines Act as PayPal ATMs

    Coinstar Inc. (CSTR) is expanding a program that lets customers of its namesake coin-counting machines use the kiosks like ATMs for eBay Inc.'s (EBAY) PayPal.The pro...

  7. TSYS to Buy NetSpend for About $1.4 Billion in Cash

    Payment processor Total System Services Inc. (TSS) said Tuesday it has agreed to buy prepaid-debit-card provider NetSpend Holdings Inc. (NTSP) for about $1.4 billion...

‹ Prev12Next ›
Freebase CC-BY
Source: Green Dot Corporation on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL