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NEW YORK -- American Express is rolling out its first prepaid card aimed at the general market on Tuesday as it moves to stake a claim in the growing industry. The announcement marks a notable departure for the company, which is known for catering to a American Express and Walmart have partnered on an offering that could set the stage for new prepaid cards and checking-account alternatives. After a pilot earlier this year, the two companies decided to launch Bluebird — a prepaid account — nationwide. Amex, best known for high-end cards such as its Platinum and Black, is continuing an expansion in thee opposition end of the wealth spectrum to provide banking products without physical branches at prices that appeal to people who don’t want to pay bank work with credit bureau TransUnion to try and figure out a way to incorporate prepaid card use into a conventional credit file. Now, it seems like American Express has beaten her to the punch with a program called “Make Your Move.” “This Brady, meanwhile, has an American Express prepaid gift card coming to him worth $265.62. Red Sox slugger David Ortiz is owed $182 by Western Union. The Globe noted some of celebrities who were paid out in past years: Ex-Mets pitcher Pedro Martinez had an American Express announced Tuesday that its prepaid debit cards will now be backed by the Federal Deposit Insurance Corp., the latest indication that a market once shunned by established financial institutions is gaining ground. The use of reloadable .
NEW YORK (CNNMoney) -- American Express announced Monday that it is introducing a prepaid debit card, marking what could be the start of a shift away from conventional charge cards for many consumers. Prepaid cards allow consumers to load a card with money But now American Express appear to have lowered their standards from its once famous luxurious image and introduced a simple cash card. The financial company rolled out its first pre-paid card today as it moved to stake a claim in the growing industry. When American Express launched its prepaid card recently, experts compared it to the dominant prepaid cards in the market and called attention to the differences. Amex has low (or nonexistent) fees vs. $4.95 per month for most Green Dot customers; Amex Please visit NerdWallet’s Best Credit Cards page for updated info. We wrote last week about American Express’ new prepaid debit card, which is being billed as a low-fee, easy-to-understand alternative to the cluttered (and frankly shady) prepaid debit .
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