The agreement will operate through a unique prepaid card. American Express Co. and Walmart Stores Inc. have announced a new partnership that they hope will provide customers with appealing new options for making mobile payments at the retailer’s stores. This prepaid Bluebird card is designed to appeal to consumers without traditional bank accounts. The Bluebird card functions by allowing deposits to be made through smartphone and mobile bill paying, without any annual, monthly, or overdraft fees, nor any required minimum balance. They hope that this will broaden the mobile payments…
Read MoreMobile payments partnership between Amex and Walmart
