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Green Dot is really a closely held business with a couple of major investors which have connections through the entire slim world associated with debit card market that is prepaid. Green Dot has filed a software to purchase Bonneville Bank, a little one-branch state-chartered bank in Utah. The Federal Reserve happens to be reviewing that application. There’s been some conversation in regards to the part of Wal-Mart in this transaction. Will this enable Wal-Mart to effortlessly have a bank? This is certainly a question that is valid but in my opinion that there’s another pressing problem that should be solved.
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