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MasterCard Cardholders Reload Prepaid Cards at U.S. Walmart Stores via Green Dot Network

  MasterCard Cardholders Reload Prepaid Cards at U.S. Walmart Stores via Green
  Dot Network

Expanded Relationship with the Green Dot Network Enables Walmart Rapid Reload
               as a Funding Option for MasterCard rePower Users

Business Wire

PURCHASE, N.Y. & PASADENA, Calif. -- November 22, 2013

MasterCard (NYSE:MA) and Green Dot (NYSE:GDOT) today announced an expanded
relationship that allows all U.S. cardholders with MasterCard ®
rePower™-enabled prepaid cards to reload their cards via the Walmart Rapid
Reload™ service.

Walmart Rapid Reload utilizes the Green Dot® Network to provide cardholders
with a fast and easy way to load funds directly to their cards by swiping
their cards at any register at participating Walmart stores (not available in
VT or WY). Cardholders can add funds directly to their prepaid account by
using cash or a pre-printed payroll or government check. Cashier-added funds
will be available for use by MasterCard rePower-enabled cardholders within
minutes.

“The Green Dot Network strives to bring convenient and cost-effective loading
options to our prepaid debit card partners by leveraging our relationships
with our major retailers,” said Kostas Sgoutas, Chief Revenue Officer, Green
Dot. “By providing more funding options, we are creating a better experience
for the consumer, helping our prepaid partners achieve their goal of increased
retention and driving additional foot traffic to our retail partners.”

The MasterCard rePower network is open to any MasterCard issuer of reloadable
prepaid card programs. Portfolios such as the Univision MasterCard Prepaid
Card will be able to offer their cardholders the new cash reload option
through Walmart Rapid Reload.

“Prepaid products provide consumers with choices in how they manage and spend
their money. In order to maximize the potential of prepaid, cardholders need
to be able to conveniently and securely reload funds. Our expanded partnership
with Green Dot now allows our cardholders to load funds to their prepaid cards
at more than 4,000 Walmart stores that offer Walmart’s Rapid Reload service,”
said MasterCard Group Executive of U.S. Market Development Craig Vosburg.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the
global payments industry. We operate the world’s fastest payments processing
network, connecting consumers, financial institutions, merchants, governments
and businesses in more than 210 countries and territories. MasterCard’s
products and solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more secure and
more efficient for everyone. Follow us on Twitter @MasterCardNews, join the
discussion on the Cashless Conversations Blog and subscribe for the latest
news.

About Green Dot

Green Dot Corporation is a technology-centric, pro-consumer Bank Holding
Company with a mission to reinvent personal banking for the masses. The
company is the largest provider of prepaid debit card products and prepaid
card reloading services in the United States, as well as a leader in mobile
banking with its GoBank mobile bank account offering. Green Dot Corporation
products are available to consumers at more than 80,000 retailers nationwide,
online and via the leading app stores. The company is headquartered in
Pasadena, California with its bank subsidiary, Green Dot Bank, located in
Provo, Utah.

Contact:

Media:
Green Dot
Brian Ruby, 203-682-8268
Brian.ruby@icrinc.com
or
MasterCard
Beth Kitchener, 914-249-2058
beth_kitchener@mastercard.com
 
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