About the Post

Author Information

Through a merger between the Baltimore Washington Corridor Chamber and the West Anne Arundel County Chamber in early 2017, the Central Maryland Chamber of Commerce (CMCC) was created. We are dedicated to providing networking, information and growth resources to all sizes and kinds of businesses, agencies, institutions and organizations. Our connections to business, industry, academia, government are unparalleled.

Wal-Mart teams with Green Dot on checking account

The list of things you can get at Wal-Mart is about to get longer as the world’s biggest retailer plans to roll out everyday low prices on checking accounts.

Wal-Marts across the country will stand in as bank branches for GoBank, the mobile banking platform backed by Green Dot Bank. Starting in October, consumers can head to the big-box retailer to sign up for or deposit cash into a GoBank account, giving the smartphone-based bank an advantage over competitors such as Simple and Moven.

The partnership offers Wal-Mart yet another opportunity to become one of the largest financial services providers in the nation, without many of the regulatory headaches that plague traditional banks. Wal-Mart already offers a prepaid debit card, credit card, check cashing and money transfers. The retailer is even a part of a consortium that is building a mobile payment system that limits the role of banks.

Read full article here from The Washington Post


No comments yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: