FINANCE

Walmart, American Express launch alternative to traditional bank accounts

BY Marianne Wilson

Bentonville, Ark. — Walmart and American Express have teamed up to offer customers an alternative to debit and checking accounts. The new service, called Bluebird, is designed to provide financial services to customers who often do not have traditional bank accounts. It will allow for deposits by smartphone and mobile bill paying, with no minimum balance or monthly, annual or overdraft fees.

“Bluebird is our solution to help consumers who currently may be poorly served by traditional banking products. It allows them to easily and safely move, manage, and spend their money. In an era where it is increasingly ‘expensive to be poor,’ we have worked with Walmart to create a financial services product that rights many of the wrongs that plague the market today,” said Dan Schulman, group president, Enterprise Growth, American Express.

Building on a pilot program launched in late 2011, Bluebird was shaped by feedback from consumers who said they were not getting the value they expect from traditional checking account and debit services because of increasingly higher fees. The service will be available next week online and in more than 4,000 Walmart stores.

Users of the new service will be able to put money onto the card through payroll direct deposit, remote check capture with a mobile application, with cash at a Walmart register, or by linking to a bank account.

Cash withdrawals from American Express’ ATM machines carry no fees or surcharges for customers enrolled in direct deposit. For those without direct deposit, withdrawals are $2. For out-of-network ATMs, each withdrawal is also $2 and additional operator fees may apply.

“Our customers tell us that they’re tired of navigating a complex maze of dos and don’ts to avoid the ever growing list of fees found on checking products. Bluebird solves this problem and we believe it’s the best product on the market to help customers affordably manage their everyday finances,” said Daniel Eckert, VP financial services for Walmart U.S.

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D.Khatri says:
Jan-09-2013 02:28 pm

This theme guides the
This theme guides the selection of speakers and frames the participant conversations that are central to the learning process. Many senior sales leaders place the Chief Sales Executive Forum on http://www.best-cover-letter-examples.com/ their calendars every year.

D.Khatri says:
Jan-09-2013 10:23 am

Shoppers new service should
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D.Khatri says:
Jan-09-2013 02:28 pm

This theme guides the selection of speakers and frames the participant conversations that are central to the learning process. Many senior sales leaders place the Chief Sales Executive Forum on http://www.best-cover-letter-examples.com/ their calendars every year.

D.Khatri says:
Jan-09-2013 10:23 am

Shoppers new service should be able to put revenue to the greeting card through paycheck strong pay in, rural check record having a cell phone request, by using dollars with a Target enroll, or perhaps by means of back linking to your job resume examples checking account.

D.Khatri says:
Jan-03-2013 07:29 pm

Bluebird is our answer to aid
Bluebird is our answer to aid buyers who currently might be badly served by conventional banking merchandise. It makes it possible for them to effortlessly and securely move, manage, and devote their funds. In an period where it is increasingly ‘expensive to be poor,’ we have labored with Walmart to create cv templates a fiscal companies product that rights a lot of of the wrongs that plague the market place today,” said Dan Schulman, group president, Company Development, American Specific.

D.Khatri says:
Jan-03-2013 07:29 pm

Bluebird is our answer to aid buyers who currently might be badly served by conventional banking merchandise. It makes it possible for them to effortlessly and securely move, manage, and devote their funds. In an period where it is increasingly ‘expensive to be poor,’ we have labored with Walmart to create cv templates a fiscal companies product that rights a lot of of the wrongs that plague the market place today,” said Dan Schulman, group president, Company Development, American Specific.

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Fred’s to offer Western Union prepaid cards

BY CSA STAFF

ENGLEWOOD, Colo. — Fred’s will now offer Western Union prepaid cards at 645 stores in 15 states.

Available cards will include the MoneyWise and Gold Card MasterCards and the Western Union Telemundo MasterCard. All three of the cards can be used anywhere debit MasterCard is accepted, including at ATMs and for online shopping. Cards can be “topped up” or reloaded with cash at one of 45,000 Western Union Agent locations in the United States or at any Fred’s location that offers the cards.

Cardholders also can load funds onto their cards through direct deposit, through their bank accounts online or by directing a Western Union Money Transfer transaction directly onto the card.

“Before Western Union introduced any stored-value products, we asked our customers what they wanted,” said Mike Hafer, SVP global prepaid for Western Union. “The result was these cards – they are fee-friendly, and our customers can use them for the majority of their financial needs. We are not just selling cards. We are creating stronger bonds with our customers and introducing – and refining – solutions that our customers will want to use again and again.”

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Moose Toys dumps off latest ‘Trash’ at Toys’R’Us

BY CSA STAFF

NEW YORK — The first of Moose Toys anticipated Series Three Trash Pack Toys arrived at Toys"R"Us TImes Square this weekend at special event to welcome the toys arrival. The third collection of the popular line of garbage-themed collectible toys is available starting this week exclusively at Toys“R”Us stores nationwide and online at Toysrus.com/TrashPack.

Throughout the day, The Trash Pack Trash Crew handed out 20,000 of some of the first Series Three samples to fans young and old to build excitement about the launch. In addition, fans had the opportunity to take photos with the truck, the Trash Pack Trash Crew street team and two Trash Pack characters – Blow Fly and Trash-A-Pillar – in front of Toys“R”Us Times Square. Families were encouraged to play with the toys in-store where they received a free gift with any Trash Pack purchase.

“We are thrilled to announce to kids and collectors nationwide today that Series Three of The Trash Pack is now available at Toys“R”Us stores and online,” said Tamara Stewart, VP marketing and strategy U.S., Moose Toys. “The brand is a huge success across the world, especially in the United States, so we naturally wanted to celebrate the launch of the much-anticipated third series at The World’s Greatest Toy Store – Toys“R”Us Times Square.”

Series Three of the immensely popular gross gang from the garbage features bright blue garbage cans, color-changing Trashies, five Limited Edition characters, including Grimy Gold, Trash Cash and Rott Vault, and a new family of ultra rare Wall Crawler Movie Trashies that stick to the wall and are inspired by all the disgusting delights one might find in a movie theater. With the addition of 173 new Series Three Trashies, there are now over 500 Trashies for fans to play with and collect.

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