Green Dot Bank news and trends

Secret Service Recovers $286M in COVID Aid Stolen by ID Fraud
Security & Fraud // August 28, 2022

The Secret Service has reportedly recovered $286 million in COVID-19 relief funds that had been obtained illegally by people using fake identities. According to a Friday (Aug. 26) Wall Street Journal report, the money seized was taken from conspirators using fake or stolen credentials to...

Walmart’s MoneyCard Users Get DDA-Like Services Powered By Green Dot Digital Banking Platform
Walmart // June 24, 2021

Walmart’s MoneyCard, issued by Green Dot Bank, is now being offered as a debit card linked to a demand deposit account (DDA) instead of being a prepaid card, per a Thursday (June 24) press release. Walmart Vice President of Financial Services Julia Unger said that...

Green Dot Bank Names Ex-H&R Block CEO As Its Chief
Personnel // June 15, 2020

Greg Quarles, formerly of American State Bancshares, will be the new CEO for Green Dot Bank, according to a press release. Quarles, in that role, will report directly to Green Dot Corporation CEO Dan Henry. The release notes Green Dot Bank is one of the...

Green Dot Bank Goes With MasterCard
News // April 30, 2015

MasterCard has been given the green light by Green Dot Bank. Tuesday (April 28), the payments technology company announced that Green Dot Bank had named MasterCard its exclusive transaction processor and network gateway for all deposit accounts, including the bank’s debit card products. As explained in...

Quick Reads
Green Dot Launches Brand Focused on Embedded Finance Capabilities

October 22, 2024
Green Dot has launched an embedded finance brand and platform of services called Arc by Green Dot. This new platform offers businesses a range of embedded finance capabilities, including banking-as-a-service (BaaS), bringing together Green Dot’s banking and money processing solutions, the financial technology platform and registered bank holding company said in a Tuesday (Oct. 22) […]

Secret Service Recovers $286M in COVID Aid Stolen by ID Fraud

August 28, 2022
The Secret Service has reportedly recovered $286 million in COVID-19 relief funds that had been obtained illegally by people using fake identities. According to a Friday (Aug. 26) Wall Street...

Walmart’s MoneyCard Users Get DDA-Like Services Powered By Green Dot Digital Banking Platform

June 24, 2021
Walmart’s MoneyCard, issued by Green Dot Bank, is now being offered as a debit card linked to a demand deposit account (DDA) instead of being a prepaid card, per a...

Green Dot Bank Names Ex-H&R Block CEO As Its Chief

June 15, 2020
Greg Quarles, formerly of American State Bancshares, will be the new CEO for Green Dot Bank, according to a press release. Quarles, in that role, will report directly to Green...