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Green Dot (GDOT) Pops On Deal with Sallie Mae

August 22, 2012 2:54 PM EDT
Shares of Green Dot Corporation (Nasdaq: GDOT) are ramping higher into the close following news of a deal with Sallie Mae (NYSE: SLM) for a new prepaid debit MasterCard that will help schools disburse financial aid refunds.

"Students deserve easy, secure and transparent choices that don't cost them money to get their money," said Kelly Christiano, senior vice president, Sallie Mae. "Sallie Mae is committed to providing financially responsible products that are transparent and easy to understand for students and schools."

GDOT last traded up 5 percent.


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