Green Dot Corporation invented the retail prepaid debit card
product and is today the largest company providing such products and services.
With nearly 50,000 stores nationwide selling its products, Green Dot
Corporation maintains a commanding market share of the retailer-sold debit card
category.
Additionally, Green Dot Corporation owns and operates the
Green Dot Financial Network (GDFN). GDFN is the largest domestic
cash-acceptance network of its kind offering prepaid card reloading and other
cash collection services to America's leading banks and financial services
companies.
| 1999 |
Green Dot Corporation (formerly Next Estate Communications, Inc.) is founded by Steve Streit. |
| 2000 |
R&D begins on the first ever debit card product to be
sold in a retail store. The product is called “i-GEN” and is
targeted towards teens and internet users. |
| 2001 |
The first “i-GEN” MasterCard card is sold on May
21st at a Rite Aid store in Loudoun County, Virginia. |
| 2002 |
Green Dot rolls out its debit card products nationwide with
the addition of all Rite Aid stores, CVS stores and Pantry Convenience
Stores. |
| 2003 |
Retail distribution grows to over 18,000 retail
locations as the “i-GEN Card” changes its marketing to appeal to
adults and not teens. |
| 2004 |
Company changes its brand name nationally to Green Dot.
Establishes the Green Dot Financial Network—the first ever
cash-acceptance network for the reloading of prepaid cards by any issuer. |
| 2005 |
Green Dot creates a Payment Solutions Division and a Financial Services Division
with the unveiling of new Green Dot card programs for wireless carriers and financial services companies.
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| Green Dot announces the first ever sports affinity prepaid
card program with a multi-year deal with NASCAR. |
| Green Dot CEO Steve Streit wins the Ernst & Young
Entrepreneur of the Year award for Southern California. |
| Next Estate Communications officially changes its name to
Green Dot Corporation. |
| May 2006 |
| The number of Green Dot prepaid cards issued tops 2 million as it opens additional customer service sites internationally. |
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| Headquarters |
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| Greater Los Angeles Area. |
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