Debt Connection Symposium & Expo — Apollo Enterprise Solutions LLC, the leading provider of web-based payment and collection technology, and Green Dot Corporation, a leading provider of retail-based financial services for America’s underserved community, announced that they have entered into a strategic partnership to provide Apollo’s commercial clients with access to the Green Dot Network, one of the largest retail-based cash acceptance networks in the United States. Through this agreement, Apollo clients will be able to provide individual payers with a convenient cash payment method using Green Dot MoneyPak universal acceptance product. The Green Dot MoneyPak enables bill payers to easily make cash payments to Apollo’s clients with funds 100% guaranteed.
MoneyPak(R) is a safe and affordable way of turning cash into a digital form of payment. It is the leading product for loading cash onto prepaid cards, and can be used to make payments and add cash to accounts. Available at more than 40,000 retailers nationwide, including Wal-Mart, Walgreens, CVS/Pharmacy, Rite Aid, Radio Shack, Kroger, Ralphs, Food4Less and Fred Meyer, MoneyPak is a reload and payment solution that empowers consumers who don’t use conventional banking and credit card systems with electronic cash payment options. Consumers can purchase a MoneyPak for the suggested retail price of $4.95 or less at any Green Dot retailer location.
With the Apollo relationship, Green Dot significantly expands the MoneyPak capabilities within the bill payment category. Utilizing a MoneyPak, consumers will be able to make payments on their accounts with Apollo clients through a payment gateway between Apollo’s web-based Intelligent Debt Solutions(TM) (IDS) payment and collection system, which facilitates debtor self-payment and self-settlement, and the Green Dot Network. Apollo’s clients include primary creditors, collection agencies, debt buyers and legal recovery firms.
“Our partnership with Green Dot further enhances the effectiveness of our Intelligent Debt Solutions system by allowing our clients to receive payments electronically from the vast base of consumers who make payments with cash,” said Jeff Dickey, Executive Vice President, Sales & Marketing at Apollo. “Consumers now have immediate access to a network that will enable them to pay our clients with cash in a more timely manner.”
“We are proud to partner with Apollo and offer the Green Dot MoneyPak as a payment solution for their IDS debt collection system,” said Mark Troughton, President, Cards & Network at Green Dot Corporation. “Leveraging our retail-based universal cash acceptance network, Apollo’s clients will streamline their processes by achieving fast settlement of cash transactions in real time. We are also pleased to offer even more bill payment choices to our consumers who use MoneyPak to pay their bills affordably and timely.”
About Apollo Enterprise Solutions
Apollo Enterprise Solutions, LLC, headquartered in Irvine, California, provides enterprise-class web-hosted solutions for a variety of industries involved in receivables management and debt collections. At the heart of Apollo’s Intelligent Debt Solutions(TM) system is the patent-pending IDS Decision Engine(TM) which provides Decisioning Intelligence(TM), a revolutionary process that delivers more debtors for recovery and settlement and more dollars per settlement by creating individual, customized offers that reflect a debtor’s most realistic ability to pay. For more information, please visit http://www.apolloenterprise.com.
About Green Dot Corporation
Green Dot Corporation is a leading provider of retail-based financial services for America’s underserved community. The company offers consumers a comprehensive portfolio of financial products and services through thousands of leading retailer locations nationwide including Wal-Mart, Walgreens, CVS/Pharmacy, Rite Aid, Radio Shack and Kroger, including Kroger store chains Food4Less, Fred Meyer, King Soopers, Ralphs and Smith’s. Green Dot’s Products include Green Dot MasterCard(R), Visa(R) and Discover(R) branded prepaid debit cards, Green Dot credit cards and the Green Dot MoneyPak. The Green Dot MoneyPak is a consumer to business “C2B” cash processing gateway that provides a convenient and efficient way for consumers to load cash to prepaid cards, use cash to pay bills, and add cash to a variety of accounts. Green Dot is headquartered in the greater Los Angeles area. For more corporate information, visit http://www.greendotcorp.com. To learn more about Green Dot products and services, please visit http://www.greendotonline.com and http://www.getmygreen.com.