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...
Enforcement actions and fines from regulators — the Federal Reserve, the Office of the Comptroller of the Currency and others — highlight the growing scrutiny on anti-money laundering (AML) efforts. And where these firms, banks and FinTechs among them, are deemed to come up short,...
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 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...
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 […]
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...
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....
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...
January 30, 2025
Green Dot has launched a partnership with self-service deposit network Clip Money. The collaboration, announced Thursday (Jan. 30), is designed to expand Clip Money’s over-the-counter deposit service for businesses via Green Dot Network locations nationwide. “Green Dot, in collaboration with its retail partners, will enable Clip Money’s over-the-counter cash deposit service at more than 4,000 locations across the U.S. […]
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...
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...
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...