Steve Streit, CEO and Founder of Green Dot Corporation, was recognized by Paybefore, the leading resource for news, analysis and features on the prepaid and stored value card industry. Achievements were honored in twelve categories during the 2009 Annual Paybefore Awards ceremony held March 10 during the Prepaid Expo USA in Orlando, FL. Streit was a recipient of a prestigious Industry Achievement Award, which recognizes â€œan individual who has contributed most to the success and progress of the prepaid and stored value card industry during the past year or over many years.â€
In 1999, Steveâ€™s ground-breaking idea was to sell prepaid debit cards at retail, ultimately targeted to the millions of Americans who earn less than $50,000 a year and who are underserved by the financial services industry. In 2004, Green Dot launched the Green Dot Financial Network, the first retail cash-acceptance reload network, which has quickly become the leading reload network for open-loop cards in terms of its national footprint, the number of card programs supported, and in terms of consumer and merchant reload brand awareness . Today, Green Dot provides consumers with financial empowerment through a suite of products and services, including prepaid debit cards, gift cards, and the Green Dot MoneyPakÂ®, available in more than 50,000 retailer locations including Walmart, Walgreens, CVS/pharmacy, Rite Aid, Kmart, Kroger and Radio Shack.