Apollo’s Commercial
Clients Can Now Give Individual Payers a Convenient Cash Payment
Option Using Green Dot MoneyPak®
New York, NY, Debt
Connection Symposium & Expo September 6, 2007 — 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 today 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®. The
Green Dot MoneyPak enables bill payers to easily make cash payment
transactions with Apollo’s clients with funds 100% guaranteed.
MoneyPak® 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 load a MoneyPak
for $4.95 (suggested retail price) at any Green Dot retailer location.
With the Apollo partnership, Green Dot significantly
expands MoneyPak capabilities within the bill payment category.
Utilizing their 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™ (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 world-class 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™ system
is the patent-pending IDS Decision Engine™ which provides
Decisioning Intelligence™, 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.
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 CVS/Pharmacy,
Radio Shack, Rite Aid, Walgreens, WalMart and Kroger, including
Kroger store chains Ralphs, Smith's, Fred Meyer, Food4Less and
King Soopers. Green Dot’s Products include Green Dot
MasterCard®, Visa® and Discover® 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 www.greendotcorp.com.
To learn more about Green Dot products and services, please visit
www.greendotonline.com and www.getmygreen.com.
Contact:
Jeff Dickey
Executive Vice President - Sales & Marketing
Apollo Enterprise
Solutions, LLC
(949) 399-1000 x220
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