AUSTIN, Texas--( BUSINESS WIRE )--Green Dot Corporation (NYSE: GDOT) today announced that its Board of Directors has approved a share repurchase program with authorization to purchase up to $100 million of common stock. The authorization is open ended. "We are pleased to announce our board of directors has authorized a $100 million share buyback and believe this is an attractive way to deploy excess capital and enhance shareholder value," said Dan Henry, CEO of Green Dot. "With strong cash flow and a strong balance sheet, we can execute on this program while continuing to invest in future growth opportunities." Green Dot may repurchase shares from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.