PLS Partners with Green Dot to Deliver Convenient, Affordable Banking and Payments Tools to Millions of U.S. Consumers
04 August 2023 - 2:30PM
Business Wire
Powered by Green Dot and Green Dot Bank1, PLS
will offer the Xpectations!® Plus Demand Deposit Account (DDA),
which will Include Enhanced Digital Banking and Other Features for
Customers
The PLS family of financial service centers, one of the nation’s
largest providers of community based financial services, and Green
Dot Corporation (NYSE: GDOT) today announced a new partnership to
build and deliver seamless, affordable and useful financial tools
and services to PLS’ five million-plus customers. Powered by Green
Dot’s embedded financial services platform, PLS will offer
Xpectations!® Plus featuring a new demand deposit account (DDA) and
other tools that help customers more seamlessly access, manage and
move their money.
“We are excited to collaborate with Green Dot on this important
new product,” says Rob Fisher, Senior Vice President of Support
Operations, PLS. “Xpectations!® Plus will empower our customers to
manage many of their day-to-day financial needs. Combining Green
Dot’s products and technology with our customer focus will allow
PLS to further our mission. Our customers deserve better! Better
products, more options, and lower fees.”
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 both
traditional and alterative financial services in a single outing
provides substantial value to its customers.
“Americans want convenience and flexibility in how they access,
manage and move their money,” said Jamison Jaworski, GM/SVP of
Retail and Green Dot Network, Green Dot. “With our comprehensive
financial technology platform, we’re well-positioned to enable our
partners to offer their customers that convenience and flexibility.
We’re proud to partner with PLS to help their customers lead
better, healthier financial lives.”
By partnering with Green Dot, PLS will now offer customers
modern demand deposit accounts that allow them to easily manage
their money digitally or in store, receive direct deposits of
paychecks or government benefits up to four days early, establish
and grow credit through a secured credit card, and more. This
expands upon PLS’ and Green Dot’s existing partnership offering PLS
customers access to the Green Dot Network of more than 90,000
retail locations throughout the U.S. that offer cash-in and
cash-out capabilities.
About PLS®
PLS, headquartered in Chicago, operates over 200 community
financial services 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!® Prepaid Mastercard®, 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
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, ranging from debit, prepaid and payroll cards, to
embedded financial and money movement services, to tax products and
more. The company’s banking-as-a-service (BaaS) platform enables a
growing list of the world’s largest and most trusted consumer and
technology brands to deploy seamless, configurable, value-driven
money management solutions for their customers. Its digital bank
GO2bank offers consumers simple and accessible mobile banking
designed to help improve financial health over time. And its
expansive Green Dot Network of more than 90,000 retail distribution
locations nationwide – more than all remaining bank branches in the
U.S. combined – enables it to operate primarily as a "branchless
bank".
Founded in 1999 and headquartered in Austin, Texas, Green Dot
has powered more than 33 million accounts directly, and many
millions more through its partners. Green Dot Bank is a subsidiary
of Green Dot Corporation and member of the FDIC1. For more
information about Green Dot’s products and services, please visit
www.greendot.com.
_________
1 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/20230804154797/en/
PLS Kathy Weber kweber@pls247.com
Green Dot Alison Lubert alubert@greendotcorp.com
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