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. 

Editors Choice Green Dot Corp.  (NYSE: GDOT ) , a leading independent prepaid card provider for the underbanked, announced yesterday the launch of the first mobile-focused bank. Will this turn around the prospects of a stock that has been crushed over the last year as fears of new entrants into the prepaid card sector have hurt expectations? GoBank is designed to be the first bank account focused on being used on a mobile device more » Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

After reporting earnings last Thursday night, Green Dot (GDOT) plunged over 60% during trading on Friday. So did the company just die? The company provides widely distributed, low cost banking and payment solutions to a broad base of U.S. consumers. Green Dot's products and services include its market leading category of General Purpose Reloadable (GPR/) prepaid cards and its industry-leading cash transfer network which are available directly to consumers online and through a network of approximately 60,000 retail stores nationwide where 95% of Americans shop. For the most part, the company provides the prepaid cards available at Wal-Mart (WMT) . This program accounted for 62% of revenue during Q2. The biggest fear is that Green Dot will no longer dominate the market as larger players in the banking industry enter the sector in mass. Read the full article at Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details.