Green Dot news and trends

Regulators’ Actions vs Green Dot and Other Banks Highlight Scrutiny Over AML Practices

July 22, 2024
AML
Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
Legal // July 19, 2024

The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. The regulator said in a Friday press release that while marketing, selling and servicing its prepaid debit card products and its...

Green Dot Names Marqeta Vet Renata Caine as BaaS Lead
Personnel // April 15, 2024

Green Dot has named payments industry veteran Renata Caine as its new Banking-as-a-Service (BaaS) general manager. Caine previously worked at Marqeta and at the commercial payments division of WEX, the digital bank/Fintech firm said in a Monday (April 15) news release. “Renata is an impressive leader whose deep experience driving strategy...

Green Dot to Enable Cash Transactions for 3 More FinTechs
Cash // March 12, 2024

FinTech companies Repay, Facebank and Pana have joined the Green Dot Network to enable cash transactions and services for their customers. By becoming partners of the network, the three FinTechs can offer these services via Green Dot’s network of thousands of retail locations, Green Dot said in a Tuesday (March 12) press release. “As the...

Green Dot Partners With Dayforce for On-Demand Wage Access
Partnerships // February 21, 2024

Digital bank and FinTech firm Green Dot has announced a partnership with Dayforce to power its on-demand pay solution Dayforce Wallet. This collaboration will allow Green Dot to serve as the U.S. banking provider for Dayforce Wallet, providing a range of services to employers and employees, Green Dot said...

Interviews & Exclusives
Billers Challenged to Make Cash Part of the Digital Payments Experience

February 03, 2023
The conventional wisdom is that the shift to digital payments has led us all away from cash. Jamison Jaworski, GM-SVP of retail and Green Dot Network at Green Dot, and Nicole Haskins, vice president, electronic billing and payment solutions and innovations at Paymentus, told PYMNTS that cash is still sticky, and still is a vital […]

What Banking’s ‘Wave Three’ Might Look Like

May 26, 2020
There is a long-running debate in the world of traditional banking when it comes to how to consider the recent rise of challenger banks. There are those who view the...

Tune In: Best PYMNTS (or Payments) Podcasts Of 2019

December 24, 2019
PYMNTS doesn’t just cover the news. We regularly feature podcast conversion with the leading experts, executives and entrepreneurs involved in transactions and commerce and all the related areas in between....

Green Dot Eyes Banking-As-A-Service, Gen Z To Build On Q4 Growth

February 21, 2019
Financial technology firm Green Dot, which made its name on its prepaid debit card solutions, is ramping up its focus on Banking-as-a-Service (BaaS) after posting $14.3 million in net income...

Quick Reads
Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices

July 19, 2024
The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. The regulator said in a Friday press release that while marketing, selling and servicing its prepaid debit card products and its tax return preparation payment services, Green Dot violated consumer law. […]

Green Dot Names Marqeta Vet Renata Caine as BaaS Lead

April 15, 2024
Green Dot has named payments industry veteran Renata Caine as its new Banking-as-a-Service (BaaS) general manager. Caine previously worked at Marqeta and at the commercial payments division of WEX, the digital bank/Fintech firm said in...

Green Dot to Enable Cash Transactions for 3 More FinTechs

March 12, 2024
FinTech companies Repay, Facebank and Pana have joined the Green Dot Network to enable cash transactions and services for their customers. By becoming partners of the network, the three FinTechs can offer these services via Green Dot’s...

Green Dot Partners With Dayforce for On-Demand Wage Access

February 21, 2024
Digital bank and FinTech firm Green Dot has announced a partnership with Dayforce to power its on-demand pay solution Dayforce Wallet. This collaboration will allow Green Dot to serve as the U.S. banking provider...