DFS, American Express say bitcoin isn’t a threat to payment network

The most ardent bitcoin holders see a bitcoin industry that takes down the traditional payment network outlets, such as Visa, MasterCard, American Express and an array of others. In fact, because of the low-cost involved in transactions, bitcoiners think it’s inevitable. However, the … [Read more...]

Walmart Expands Financial Services to Customers

Walmart, in an effort to expand its services to customers, is broadening their service by offering a prepaid debit card. … [Read more...]

Wal-Mart, Amex to Offer Unbanked a Bluebird of Happiness

Stock for prepaid debit card company Green Dot Stock plummeted more than 20 percent today, finishing at $10.36, while competitor NetSpend Holdings Inc. fell more than 7 percent to close at $9.96 per share after Wal-Mart and American Express announced their joint venture in Bluebird, a … [Read more...]