Out Fox The $treet

Oddly, Green Dot ( NYSE: GDOT     ) spent the last year trying to counteract large competition from American Express ( NYSE: AMX     ) at top customer Wal-Mart Stores  ( NYSE: WMT     )  only to end up more entangled with the top retailer. While the largest provider of prepaid debit cards has successfully survived the onslaught of new prepaid competitors, Green Dot hasn't progressed at all in de-linking itself from Wal-Mart. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

The summary of the Green Dot (NYSE: GDOT ) Q1 2013 earnings report had to be that the company was shaking off the increased competition in the prepaid debit card arena. The long-term market leader famously plunged 50%% back in July of last year after forecasting that earnings would be greatly impacted by increased competition primarily from the Bluebird Card via American Express (NYSE: AMX ) at Wal-Mart stores. Ironically, the leading more » Disclosure: No positions mentioned. Please review the disclaimer page for more details.