topic Re: Walmart, Amex to make financial services announcement Monday in Credit Cards

Walmart, Amex to make financial services announcement Monday

Cageym — Mon, 08 Oct 2012 02:33:11 GMT

A Walmart co-branded Amex maybe? http://www.reuters.com/article/2012/10/07/us-walmart-idUSBRE8960MA20121007

Re: Walmart, Amex to make financial services announcement Monday

Revelate — Mon, 08 Oct 2012 02:36:39 GMT

85% of their transactions in the past were made by cash? How long as go was in the past? :)

I'll certainly be interested to see what they say, Amex definitely needs to revamp some of their practices, this may be one of them enroute to being a more general purpose card issuer / servicer.

Re: Walmart, Amex to make financial services announcement Monday

SwampSystems — Mon, 08 Oct 2012 02:38:53 GMT

I bet it has something to do with a Walmart-branded Serve card.

Re: Walmart, Amex to make financial services announcement Monday

ccnewcc — Mon, 08 Oct 2012 02:39:57 GMT

Co-branded annoucment? Perhaps....but that doesn't sound like amex. especailly since they just axed the zync

Re: Walmart, Amex to make financial services announcement Monday

bostonte — Mon, 08 Oct 2012 02:43:15 GMT

It will be a prepaid card, I'm sure. much like the one Amex brands for Target.

Re: Walmart, Amex to make financial services announcement Monday

Cageym — Mon, 08 Oct 2012 02:44:29 GMT

I know it, but there can't be many other reasons to have a joint announcement. Unless Wally-world is buying Amex.LOL

Re: Walmart, Amex to make financial services announcement Monday

Shogun — Mon, 08 Oct 2012 02:50:31 GMT

Well it definitely has my attention!

Re: Walmart, Amex to make financial services announcement Monday

jsucool76 — Mon, 08 Oct 2012 02:59:30 GMT

The walmart moneycard is offered in a visa and MC version. Chances are they're going to announce an amex version, or somehow play the amex prepaid card into their walmart moneycard equation.

Re: Walmart, Amex to make financial services announcement Monday

Shogun — Mon, 08 Oct 2012 03:01:04 GMT

If that's the case. Big woop. :)

Re: Walmart, Amex to make financial services announcement Monday

jsucool76 — Mon, 08 Oct 2012 03:02:47 GMT

Shogun wrote:
If that's the case. Big woop. :)

It is gonna be something dumb like that :P

I didn't even know about the moneycard until I was at lunch the other day, and the card I wanted to use was trapped behind my walmart card, so I pulled that out, and my buddy goes "oh, you have the walmart prepaid card?" I was like "no..."

#Embarassing :P

Re: Walmart, Amex to make financial services announcement Monday

konabill — Mon, 08 Oct 2012 07:53:44 GMT

That caught my attention too......85% unless Debit cards count ?
Revelate wrote:
85% of their transactions in the past were made by cash? How long as go was in the past? :)

I'll certainly be interested to see what they say, Amex definitely needs to revamp some of their practices, this may be one of them enroute to being a more general purpose card issuer / servicer.

Re: Walmart, Amex to make financial services announcement Monday

creditnocash — Mon, 08 Oct 2012 09:37:39 GMT

hmm. most likely something to do with this serve pre paid they have been pushing.

3 hours till announcement anyways.

They're working Columbus day weekend? Those crazy corporate guys....

I don't thin walmart would be willing to drop discover that easy anyways.

Re: Walmart, Amex to make financial services announcement Monday

TheConductor — Mon, 08 Oct 2012 14:58:29 GMT

So here are the deets.

http://www.reuters.com/article/2012/10/08/us-walmart-amex-idUSBRE8970H520121008?type=companyNews

Just a prepaid card tied to some of the whiz-bang features in modern banking (direct deposit, remote check deposit).

Re: Walmart, Amex to make financial services announcement Monday

Duncanrr — Mon, 08 Oct 2012 15:38:52 GMT

TheConductor wrote:
So here are the deets.

http://www.reuters.com/article/2012/10/08/us-walmart-amex-idUSBRE8970H520121008?type=companyNews

Just a prepaid card tied to some of the whiz-bang features in modern banking (direct deposit, remote check deposit).

/yawn

Only if they would had reported more about my Zync card.

Re: Walmart, Amex to make financial services announcement Monday

Shogun — Mon, 08 Oct 2012 17:41:53 GMT

Like I said before, big woop.