Green Dot, a prepaid debit card provider, has posted a net income of $12.51m, or $0.32 per share, for the second quarter ended 30 June 2010, compared to $12.53m, or $0.33 per share last year.
Total operating revenues increased to $90.32m from $62.89m in the same period of 2009.
Number of general purpose reloadable (GPR) debit cards activated were 1.5 million, an increase of 67% over the second quarter of 2009.
Number of cash transfers were 6.4 million, an increase of 56% over the second quarter of 2009.
Number of active cards at the end of 30 June 2010 were 3.2 million, an increase of 60% over the second quarter of 2009.
Green Dot CFO John Keatley said, “We believe that we are well-positioned for continued growth as a result of our market position, our strong track record, and the strong secular trends in the prepaid space.”