Los Angeles Business Journal

Green Dot Shares Drop as AmEx and Wal-Mart Sell Competing Card

Monday, October 8, 2012

Green Dot Corp., the Monrovia prepaid-card firm that derives most of its revenue from Wal-Mart Stores Inc., fell the most in two months after the world’s biggest retailer said it would expand sales of a competing product from American Express Co., Bloomberg News and the Associated Press report.