Russell Simmons Closes $167 Million Deal For His RushCard Debit Card Business

Style Magazine Newswire | 2/17/2017, 12:06 p.m.
Green Dot and RushCard are two of the oldest prepaid debit cards in the marketplace. Russell Simmons’ RushCard increased popularity …
Russell Simmons

Source: BlackBusiness.org

Green Dot and RushCard are two of the oldest prepaid debit cards in the marketplace. Russell Simmons’ RushCard increased popularity for prepaid cards while Green Dot pioneered the reloadable prepaid card and is the largest provider in the U.S., according to Forbes Magazine. The two companies are now joining forces, merging Green Dot’s 4.5 million card holders with RushCard’s more than 750,000. The two moguls behind the deal are Russell Simmons, RushCard Founder, and Green Dot Corporation President Steven Streit. Together, these two promise to not only revolutionize the banking industry but also increase customer services to marginalized communities across the country.

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