Prepaid Debit Cards that Allow you to Pay Bills It’s an irresistible headline. “Why a guy making $100,000 a year can’t get a bank account,” was the provocative title to a recent intriguing story by Danielle Douglas in The Washington Post. In it, Douglas describes how a Kansas City software engineer, Zikomo Fields, pulls in… Continue reading Prepaid Debit Cards that Allow you to Pay Bills (Like a Checking Account)
Tag: American Express
Suze Orman Prepaid Card Discontinued June 30
That’s because Orman’s Approved Card, a partnership with Bancorp Bank that was released in early 2012, is suspending operations on July 1. According to a story in The New York Times, holders of the Approved Card recently received a letter from Bancorp Bank urging them to spend whatever money remained in their accounts – anything not spent would be refunded to them.
American Express -Sponsored Movie Spent Premieres
Life outside the financial mainstream is getting the Hollywood treatment. On June 4th, the American Express-sponsored documentary, Spent: Looking for Change, which profiles the challenges and frustrations of those Americans who lack traditional bank accounts and credit cards, premiered in Los Angeles and online. Executive produced by Davis Guggenheim, who won an Academy Award for… Continue reading American Express -Sponsored Movie Spent Premieres
JPMorgan Launches Financial Solutions Lab
American Express just got a little competition in its efforts to appeal to those living outside the financial mainstream. On May 29th, banking giant JPMorgan Chase & Co. announced that it has committed to invest $30 million to create the Financial Solutions Lab. A collaboration with the Center for Financial Services Innovation, the new Financial… Continue reading JPMorgan Launches Financial Solutions Lab
AmEx Sees Surge In Prepaid Customers
Participants at last week’s Sanford Bernstein’s investor conference in New York City could be excused if they thought they had stumbled into a political rally. Giving the final formal presentation at the “Disruptive Trends in Financial Services” gathering, American Express Group President for Enterprise Growth, Dan Schulman, made an impassioned critique of the way the… Continue reading AmEx Sees Surge In Prepaid Customers
AmEx Serve Cards Announcement Hits Green Dot
When American Express announced earlier this week that its prepaid Serve cards can now be purchased at 4,100 Walmarts nationwide, the stock market reacted. But as a story on ABC News points out, Wall Street was mostly interested in what the partnership means for Green Dot, a major player in the prepaid card industry. And… Continue reading AmEx Serve Cards Announcement Hits Green Dot