Re:With GoBank, You Can Carry All Your Money In Your Pocket
by qq66 on Tuesday January 15, 2013 @03:51PM
(#5062919)
The big incumbents are all 100+ years old, but Green Dot was founded in 1999, so it's clearly possible to get from point A to point B.
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Re:With GoBank, You Can Carry All Your Money In Your Pocket
by dsl on Tuesday January 15, 2013 @04:54PM
(#5063300)
Green Dot bought a failing commercial bank to sidestep all the hurdles.
http://www.businesswire.com/news/home/20111208006460/en/Gree...
Re:With GoBank, You Can Carry All Your Money In Your Pocket
by toomuchtodo on Tuesday January 15, 2013 @05:45PM
(#5063597)
Both Simple and Google Wallet use The Bancorp Bank for their integration; perhaps its time for a bigger stake in the organization for Google.
I'm serious. Google's data mining ability is unparalleled. Buy a bank, become Google Bank, and start lending. I believe Google's investment/risk analysis would be far superior to any existing bank out there.