Green Dot has signed a new five-year agreement with Walmart under which Green Dot and Green Dot Bank will continue to serve as program manager and issuing bank for the Walmart MoneyCard suite of prepaid products.
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The new agreement, which has come into effect on 1 May 2015, will replace the current agreement which was set to expire at the end of 2015.
Green Dot founder chairman and CEO Steve Streit said: "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."
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By GlobalData
