Before we give you all the juicy details here it is. Walmart is about to make a whole lot more money off poor folks buy allowing them access to banking while not banking. The poor is always over looked but the truth is they are the biggest consumers or products, out spending every other group.
NEW YORK (Reuters) - Wal-Mart Stores Inc and American Express Co are teaming up to offer a prepaid debit card called Bluebird to target lower-income shoppers who may not have bank accounts.
The move will give American Express, best known for its affluent cardholders, a 4,000-store gateway to tens of millions of so-called "underbanked" households and the fees they will generate as technology moves more of their transactions from cash to digital payments.
Last Updated on Tuesday, 09 October 2012 09:37