Green Dot is a closely held business with an accumulation of major investors that have connections when it comes to slim realm of this debit card market that is prepaid. Green Dot has filed a computer software getting Bonneville Bank, just a little one-branch bank that is state-chartered Utah. The Federal Reserve happens to be reviewing that application. There was some discussion in regards to the element of Wal-Mart in this transaction. Will this enable Wal-Mart to possess a bank effortlessly? This is really a relevant concern that is valid but I do believe that there’s another pressing issue that ought to be resolved.
The liberties to a bank that is «I really do genuinely believe that this deal could offer brand name brand new vigor to your financing industry this is certainly payday.»