Powered by Green Dot’s single-source embedded
finance platform, the Xpectations!® Plus Debit Mastercard® expands
access to the banking system for PLS’ five million-plus
customers
The PLS family of financial service centers, one of the nation’s
largest providers of community based financial services, today
announced the launch of the Xpectations!® Plus Debit Card, a new
suite of online banking services powered by Green Dot’s (NYSE:
GDOT) single-source embedded finance platform. The Xpectations!®
Plus Debit Card now offers PLS’ five million-plus customers access
to seamless, affordable and useful financial tools and services,
including early access to direct deposits, overdraft protection,
free nationwide ATM access, and much more.
“At PLS, we believe everyone deserves better. Our aim every day
is to raise our customers’ expectations. The new Xpectations! Plus
Debit Card does just that since it has so many excellent features
and benefits,” said Rob Fisher, Senior Vice President of Support
Operations, PLS. “Our team members across the country are excited
to be able to offer this new financial product while providing
superior customer service and treating people like people.”
The Xpectations! Plus Debit Card, a demand deposit account
(DDA), offers customers the ease and convenience of managing their
money either digitally or at PLS’ more than 200 locations.
Xpectations! Plus cardholders can now receive direct deposits of
paychecks up to two days early or government benefits up to four
days early1, gain peace of mind with up to $200 in overdraft
protection2, and enjoy the convenience of fee-free ATM withdrawals
and free cash reloads at any PLS store. Additionally, through a
partnership with Entrust, cards can be issued and personalized
instantly at participating PLS stores.
The need for alternative financial services remains high in the
U.S., with 4.5 percent of U.S. households unbanked and another 14.1
percent underbanked (households that do have a bank account but
still use nonbank transaction services) according to the FDIC’s
National Survey of Unbanked and Underbanked Households. The tens of
millions of Americans in these categories, millions of whom rely on
PLS’ financial service centers to conveniently manage their
financial lives, can now benefit from the seamless, affordable and
useful financial tools offered via the Xpectations!® Plus Debit
Cards’ new DDA features and functionality.
“Our partners’ customers want convenience and flexibility in how
they access and manage their money,” said Jamison Jaworski, GM/SVP,
Consumer Division, Green Dot. “By building this new offering on
Green Dot’s single-source embedded finance platform, PLS is able to
provide its customers with a more modern, comprehensive digital
banking experience that simplifies their financial lives. We’re
proud to continue building better customer experiences with
PLS.”
For more than 25 years, PLS has been a community hub for the
financial needs of millions of Americans. The company operates as a
one-stop shop for a wide variety of financial services: in addition
to being among the nation’s leading providers of check cashing
services, PLS also offers money transfer services, bill payment
services, free money orders, and much more in its more than 200
locations. PLS’ ability to offer customers a full range of
financial services in a single outing provides substantial value to
its customers.
Green Dot’s single-source embedded finance platform is built on
the company’s secure banking and money movement capabilities that
fuel value, loyalty and growth with its partners. The
comprehensive, vertically integrated platform is modular by design,
configurable to the business needs of Green Dot’s partners, and
flexible to adapt as they grow. Companies ranging from start-ups to
the world’s most trusted brands leverage Green Dot to deliver
embedded finance solutions that enhance and deepen customer
experiences.
For more information on Green Dot, visit: www.greendot.com.
About PLS®
PLS, headquartered in Chicago, operates over 200 community
financial service centers across the country. PLS believes that
customers deserve better than the existing services available in
the marketplace to meet their critical financial needs. PLS
financial service centers offer free money orders, check cashing,
Xpectations!® Plus Debit Card, money transfer services, and bill
payments. Some PLS locations offer auto insurance and vehicle
license and registration services. The PLS brand also includes an
automobile dealership located in Indianapolis, IN. PLS employs over
3,000 team members from the neighborhoods it serves. PLS does not
offer any lending products. Visit PLS at www.pls247.com for
additional information on products and services.
About Green Dot
Green Dot Corporation (NYSE: GDOT) is a financial technology and
registered bank holding company committed to giving all people the
power to bank seamlessly, affordably and with confidence. Green
Dot’s technology platform enables it to build products and features
that address the most pressing financial challenges of consumers
and businesses, transforming the way they manage and move money and
making financial empowerment more accessible for all.
Green Dot offers a broad set of financial services to consumers
and businesses including debit, checking, credit, prepaid, and
payroll cards, as well as robust money processing services, tax
refunds, cash deposits and disbursements. Its flagship digital
banking platform GO2bank offers consumers simple and accessible
mobile banking designed to help improve financial health. The
company’s banking platform services business enables a growing list
of the world’s largest and most trusted consumer and technology
brands to deploy customized, seamless, value-driven money
management solutions for their customers.
Founded in 1999, Green Dot has served more than 33 million
customers directly and many millions more through its partners. The
Green Dot Network of more than 90,000 retail distribution locations
nationwide, more than all remaining bank branches in the U.S.
combined. Green Dot Bank is a subsidiary of Green Dot Corporation
and member of the FDIC3. For more information about Green Dot’s
products and services, please visit www.greendot.com
1 Early direct deposit availability depends on payor type,
timing, payment instructions, and bank fraud prevention measures.
As such, early direct deposit availability may vary from pay period
to pay period. The name, Social Security, TIN or select US ID type
or Foreign ID type number on file with your employer or benefits
provider must match your Xpectations! Plus Debit Card account to
prevent fraud restrictions on the account.
2 Opt-in required. Account must be in good standing and
chip-enabled debit card activated to opt-in. Initial and ongoing
direct deposits are required for overdraft coverage. Additional
criteria may apply which can affect your eligibility and your
overdraft coverage. Overdrafts are paid at our discretion.
Overdraft fees may cause your account to be overdrawn by an amount
that is greater than your overdraft coverage. A $15 fee may apply
to each eligible purchase transaction that brings your account
negative. Balance must be brought to at least $0 within 24 hours of
authorization of the first transaction that overdraws your account
to avoid a fee. Learn more at PLScard.com/agreements.
3 Green Dot Bank also operates under the following registered
trade names: GO2bank, GoBank and Bonneville Bank. All of these
registered trade names are used by, and refer to, a single
FDIC-insured bank, Green Dot Bank. Deposits under any of these
trade names are deposits with Green Dot Bank and are aggregated for
deposit insurance coverage up to the allowable limits.
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version on businesswire.com: https://www.businesswire.com/news/home/20240716311952/en/
Whit Chapman wchapman@greendotcorp.com
Grafico Azioni Green Dot (NYSE:GDOT)
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