News

Walmart, Green Dot good to go for 5 more years

Green Dot Corp. and Green Dot Bank will continue to serve as issuer and program manager for Walmart MoneyCard reloadable debit card products.

June 23, 2015

Walmart has agreed to a new long-term contract with Green Dot Corp., according to a press release from the prepaid card provider.

Under the new agreement, Green Dot Corp. and Green Dot Bank will continue to serve as program manager and issuing bank for the Walmart MoneyCard suite of prepaid reloadable debit card products.

The new agreement has an effective start date of May 1, and replaces the current agreement which would have expired at the end of this year, the release 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," said Green Dot Corp. Founder, Chairman and CEO Steve Streit. "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 Corp. who work so hard on behalf of our customers, our business partners and our investors."