Green Dot Boosts CTO Kuan Archer to Chief Operating Officer

green-dot-logo.jpgChief Technology Officer Kuan Archer is Green Dot’s new COO.

After two years leading the company’s technology organizations, Archer will add oversight of vendor management and procurement, business continuity, human resources, supply chain and retail execution to his responsibilities.

Steve Streit, chairman and CEO of Green Dot said, “Kuan has proven to be one of the most impactful leaders in the company’s history. He incited an immediate and lasting shift in our ability to create meaningful technology developments.” Archer will report directly to Streit in his new role.

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Before joining Green Dot, Kuan Archer served as vice president of the Cloud Services Platform division at Rovi Corporation. Previous to Rovi, where he spent more than six years, Archer worked at Symantec Corporation. At Symantec, Archer was responsible for designing the company’s first web and mobile-based consumer ID protection and transaction security solution for FIs and e-commerce merchants.
A specialist in consumer financial technology, Green Dot provides reloadable, prepaid debit cards and cash reload processing services throughout the U.S. Beginning 2014 by winning four categories at the 2014 Paybefore Awards, the company announced an extension of its contract with Walmart in December, and in September purchased TPG, adding tax refund processing to its list of services.
Headquartered in Pasadena, California, Green Dot demoed a beta version of its mobile checking account, GoBank, at FinovateSpring 2013.

Walmart to Distribute GreenDot Prepaid Products in 2015

GoBank_Logo_small.jpgIf your new year’s resolution is to better manage your money, you can pick up a tool to help you accomplish it at Walmart.

Prepaid card company, GreenDot has extended its contract with retail giant, Walmart. Through the agreement, Walmart will distribute the California-based company’s prepaid products through 2015, including GreenDot’s GoBank, which was debuted at FinovateSpring 2013.

Since Walmart accounted for 53% of GreenDot’s revenue in Q3 of 2014, this is good news for GreenDot, though the two have yet to reach a multi-year agreement.
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GoBank is a mobile and online-only account aimed at the un- and underbanked. Its mobile-first UI offers users free cash deposit and direct deposit services, mobile RDC, free ATM usage, online billpay, and a P2P payments platform.

Alumni News– December 18, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinovate Debuts: Knox Payments Leverages ACH to Reduce Payment Costs for Merchants.
  • Financial Times’ Ian McKenna takes a look at his “gadget of the fortnight”: True Potential Investor.
  • Wired.co.uk features digital fingerprinting technology from Trustev.
  • GoBank users now able to activate cards through banking app without starter kit.
  • FreeAgent expands Self Assessment filing to ease pain for SMEs.
  • Google Cloud Platform releasing SDK in Java for using Cloud Dataflow under an open-source license.
  • American Banker names online marketplace lending, such as Lending Club and Prosper, the innovation of the year.
  • InComm partners with Edenred UK, an employee benefits and solutions provider.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– August 19, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgLivePlan launches its Black Widow update to enhance performance monitoring.
  • Bank Innovation looks at GoBank’s decision to shorten holding periods for mobile check deposits.
  • NICE Systems earns 2014 Star Performer award from Speech Technology magazine.
  • Top Image Systems partners with Allied Payment Networks to implement MobiPAY.
  • Time features ReadyForZero as 1 of 50 Best Websites for 2014.
  • Hiveage compares OnDeck, Kabbage, PayPal Working Capital, & CAN Capital Come see OnDeck at FinDEVr.
  • Quisk awarded US patent for enabling consumer activated security for a mobile payment system.
  • The Rude Baguette interviews Yseop CEO, John Rauscher.
  • New partnership brings Geezeo’s PFM solution to MEA’s native mobile banking platform. See Geezeo at FinovateFall 2014 in New York.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– August 15, 2014

  • Credit.com releases new version of its iPhone mobile app.
  • Pymnts: EBay in talks to accept Bitcoin through its Braintree unit.
  • Pymnts compares DoubleBeam to the Merchant Customer Exchange.
  • GoBank now holds mobile check deposits for less than 10 days.
  • Forbes features multiple Finovate financial management and wealth planning alums: LearnVest, Personal Capital, FutureAdvisor, SigFig, Wealthfront, Betterment, Motif, and Kapitall.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– June 13, 2014

  • Finovate-F-Logo.jpgAstroPay launches Ripple LatAm, a licensed money service business to use Ripple Labs’ payment network.
  • Ron Shevlin looks at Credit Agricole’s bank-run mobile app store.
  • FirstView selects Cachet Financial Solutions to develop a prepaid mobile app to offer to FirstView cardholders.
  • Financial Review: James Packer, Lachlan Murdoch eye stake in peer-to-peer lender SocietyOne.
  • Jumio brings NetSwipe to the mobile web for companies without a native app.
  • PayPal rolls out PassPort to give merchants a resource for stats, tips and general information on selling internationally.
  • Zopa wins Most Trusted Loan Provider and Most Trusted Specialist at 2014 MoneyWise Customer Service Awards.
  • Thinking Bigger features the team from EyeVerify.
  • Green Dot announces new GM of GoBank, Joshua Goines.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– May 23, 2014

  • Finovate-F-Logo.jpgSilicon Republic reports: Disruptive banking service Holvi gets regulatory approval to spread across Europe.
  • Cardlytics named one of the Georgia Fast 40, which honors GA-based companies that sustain growth over a 3 year period.
  • CBS 12 News features Arxan’s security tech.
  • miiCard partners with eMerchantPay to offer merchants a more secure, compliant transaction processing solution.
  • Bank Innovation speculates on potential new features from GoBank.
  • Finovate alums Fenergo and Thomson Reuters win recognition from Inside Reference Data Awards.
  • Virtual Agent Chat takes a look at IntelliResponse’s OFFERS as a form of “just in time marketing.”
  • Bloomberg BusinessWeek sources Scott Goldman, CEO of TextPower, on the eBay data breach.
  • Deutsche Startups interviews Numbrs CEO, Julien Arnold.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– November 25, 2013

  • Finovate-F-Logo.jpgAtos to become preferred partner for one of the largest Islamic banks in the world for their solution based Backbase.
  • Yseop Artificial Intelligence Software honored as French National Champion for European Business Awards.
  • Moven, Meniga, GoBank, mBank, MoneyDesktop, BBVA Compass, and CaixaBank make Marous’ “Digital Banking Nirvana”.
  • American Banker review of new research on e-statement adoption notes role of Check and GMC Software Technology.
  • Charitable givers now able to use Square Cash to donate via Bright Funds.
  • ACI Worldwide extends ATM-powering relationship with VocaLink to 2021.
  • MasterCard now accepted for ATM cash withdrawals at Myanmar’s Ayeyarwady Bank Ltd.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– October 30, 2013

  • Finovate-F-Logo.jpgPayments News reports: PayPal Launches Startup Blueprint Program.
  • miiCard’s new directory API powers member lookup services to easily confirm ID and expand confidence online.
  • EyeVerify featured in local broadcast on Kansas City’s tech community.
  • GoBank, Moven, and Simple highlighted in Bank Marketing Strategy column on simplicity and bank product proliferation.
  • TradeKing CEO Don Montanaro weighs in on the SEC’s crowdfunding approval announcement.
  • Check releases version 6.26 of their money management app for Android.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– October 14, 2013

  • Thumbnail image for Finovate-F-Logo.jpgForbes column on banking and mobile payments highlights Finovate alumni Check, Fiserv, and FIS.
  • BBC features MasterCard’s efforts to replace food stamps and cash with cards in Lebanese refugee camps.
  • Jim Marous references GoBank and Moven in report on innovation in mobile banking functionality.
  • LowCards.com reports: Dynamics offers artistic credit cards.
  • Flint Mobile opts for camera over card reader.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.