Green Dot Corporation (NYSE:GDOT) and Walmart today announced they have
expanded the line of Walmart MoneyCard® reloadable prepaid
debit cards to include six new card types designed to meet the needs of
their growing customer base. Issued by Green Dot, the Walmart prepaid
debit card portfolio now includes nine cards, and is available in more
than 4,100 Walmart stores nationwide.
“This new category of prepaid debit card products represents a thorough
understanding of the customer gained through years of experience in
defining the category with Walmart,” said Steve Streit, CEO of Green Dot
Corporation. “We are thrilled to have the privilege to serve millions of
Walmart shoppers with the largest selection of prepaid debit card
accounts, all issued by Green Dot Bank. Green Dot's corporate mission is
to reinvent financial services for the masses, and this represents yet
another step in that direction.”
“We know consumers want a simple way to better manage and control their
everyday finances,” said Daniel Eckert, senior vice president of Walmart
Services. “At Walmart we believe in offering our customers a broad
assortment of products to choose from and financial services is no
exception. The expanded Walmart MoneyCard portfolio offers value,
convenience and varying features to meet the many different needs of our
prepaid customers.”
All Walmart MoneyCard® prepaid debit cards include the
following features at no extra charge:
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Mobile Web Registration
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Check Cashing Reloads
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Account Alerts
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Gas Discounts
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Pharmacy Discounts
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Merchant Funded Offers
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Purchase Protection / Assurance (Visa and MasterCard)
Walmart MoneyCard Portfolio
Below is in an overview of the Walmart MoneyCard® portfolio,
available on MasterCard or Visa networks:
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Walmart MoneyCard® Basic: Available to
purchase for $3, the Basic card is designed for the customer who wants
a low-cost, basic prepaid debit card to use for paying bills, shopping
online or safely storing cash.
-
Walmart MoneyCard® Plus: Available to
purchase for $4, the Plus card is designed for the more frequent
prepaid debit card user who is looking for advanced functionality
above the Basic card. Those features include a waived monthly service
fee in any month when more than $1,000 is deposited, debit card
reloading, free online bill pay, person-to-person transfers, and the
ability to customize a card with a picture for $4.95.
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Walmart MoneyCard® Preferred: Available
to purchase for $6, the Preferred card is a full-service
reloadable prepaid account with the following functionality above the
Plus card: Rapid Payroll Direct Deposit, which allows customers
receiving recurring direct deposits the ability to access their funds
early (if their employer provides pre-notice of deposit), free Walmart
Rapid Reload™, a waived monthly service fee in any
month when more than $500 is deposited, an online vault for setting
aside funds for later use, an online budgeting tool, and the ability
to customize a card with a picture for free.
Walmart is also expanding their affinity card category on the Walmart
MoneyCard® Plus platform to include the following
prepaid debit cards for a $5 purchase price:
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"Create Your Own" Prepaid Visa Card: Allows customers
to personalize a card with their own favorite personal photo.
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NASCAR Prepaid Visa Card: Designed for fans of NASCAR and/or a
particular NASCAR driver. Customers can choose specific branded cards
from Kasey Kahne, Danica Patrick, Tony Stewart, Jeff Gordon and Dale
Earnhardt, Jr.
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Visa | NFL Prepaid Card: This card is an affinity branded card
designed for fans of the NFL. Customers can choose one of 12 NFL teams
to be the face of their card, with more coming soon.
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Mossy Oak Prepaid MasterCard: Designed for the outdoorsman
who’s looking for the same features and benefits from the Walmart
MoneyCard® with special offers throughout the
hunting season.
Walmart will also begin to carry other popular branded prepaid debit
cards for a $4.95 purchase price, including:
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RushCard Live Prepaid Visa Card: Designed to appeal to
consumers who value the Russell Simmons brand and lifestyle.
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AARP Foundation Prepaid MasterCard: Designed for customers over
50 years of age who value and trust the AARP Foundation, this card
provides an easy way to electronically receive Federal benefits and
offers a savings account feature.
All new products are issued by Green Dot Bank, Member FDIC and all are
reloadable at Walmart and retailers nationwide exclusively on the Green
Dot Reload Network. Images and detailed descriptions of the new products
and pricing can be found online at https://walmartmoneycard.com/walmart/about-our-products.
About Green Dot Corporation
Green Dot Corporation is a technology-centric, pro-consumer Bank Holding
Company with a mission to reinvent personal banking for the masses. The
company is the largest provider of prepaid debit card products and
prepaid card reloading services in the United States, as well as a
leader in mobile banking with its GoBank mobile bank account offering.
Green Dot Corporation products are available to consumers at more than
80,000 retailers nationwide, online and via the leading app stores. The
company is headquartered in Pasadena, California with its bank
subsidiary, Green Dot Bank, located in Provo, Utah.
About Walmart
Wal-Mart Stores, Inc. (NYSE:WMT) helps people around the world save
money and live better -- anytime and anywhere -- in retail stores,
online, and through their mobile devices. Each week, more than 245
million customers and members visit our more than 11,000 stores under 69
banners in 27 countries and e-commerce websites in 10 countries. With
fiscal year 2013 sales of approximately $466 billion, Walmart employs
more than 2 million associates worldwide. Walmart continues to be a
leader in sustainability, corporate philanthropy and employment
opportunity. Additional information about Walmart can be found by
visiting http://corporate.walmart.com,
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
Online merchandise sales are available at http://www.walmart.com
and http://www.samsclub.com.
Copyright Business Wire 2013