Tonawanda News

Breaking News

Web Extras

October 9, 2012

Walmart offers bank account alternative with American Express

Walmart Stores, the world's largest retailer, has been adding financial products for people who don't have bank accounts. Now it's targeting those who do.

A prepaid debit card called Bluebird, created through a partnership with American Express, will be available in more than 4,000 U.S. Wal-Mart stores and online next week, the Bentonville, Ark.-based company said Monday in a statement. Services include direct deposit, automatic bill pay and remote check capture using a smartphone application. The card has no monthly or annual fees, and doesn't require a minimum balance.

"Bluebird is designed as a checking and debit alternative," Daniel Eckert, vice president of financial services for Wal-Mart U.S., said in an interview. The product is for "those customers who are waking up to the skyrocketing costs of having a checking account."

Wal-Mart abandoned plans to start its own bank in 2007 amid opposition from legislators and financial-services companies. At the time, the retailer's application to open a so-called industrial bank in Utah would have enabled it to process credit- card and debit card transactions internally.

The retailer has been adding financial services and products to boost store visits in the U.S. after so-called same- store sales declined for two years through July 2011, according to Matt Arnold, an analyst for Edward Jones & Co. in Des Peres, Mo. Bluebird will probably appeal to the low-income consumers Wal-Mart depends on because they can often only afford basic accounts without such features, he said.

 "There's still a huge piece of the population that doesn't enjoy that, and for them this could wind up being a better alternative," said Arnold. The card appears to be created to increase store traffic and relevance rather than profit, he said.

Text Only
Web Extras
  • Screen shot 2013-08-08 at 10.10.12 AM.png VIDEO: Dead shark found in New York subway train

    A dead shark was spotted on a train headed to Queens. It was still wet and had blood in its mouth. The sighting coincides with Shark Week on the Discovery Channel.

    August 8, 2013 1 Photo 5 Stories

  • 0805-bees.jpg Ga. man survives more than 1,000 bee stings

    A Georgia man survived being stung more than 1,000 times by bees, which then attacked emergency responders who came to help, according to the man’s stepson.

    August 7, 2013 1 Photo 5 Stories

  • county-clean-fatberg-image.jpg Gross! 16.5-ton glob of fat removed from sewer system

    If you've ever wondered what happens when you ignore those warnings about pouring grease down the drain, residents of one London suburb have found the disgusting answer. It's a 16.5-ton, bus-sized glob of fat, known as a "fatberg."

    August 6, 2013 1 Photo 4 Stories

  • 0805-fiery-truck-crash.jpg Video shows semi truck going airborne, bursting into flames

    Amateur video captured a fiery crash in this Indiana town, when a semi truck went airborne over a highway interchange and burst into flames.

    August 6, 2013 1 Photo 3 Stories

  • iStock_000007205767XSmall.jpg Are growing pains real?

    Are growing pains real? If so, what causes them? And how do I make sure my kid never has them, because I really don't need another reason for screamy 3 a.m. wake-ups?

    August 6, 2013 1 Photo 5 Stories

  • screenshot best man.jpg VIDEO: Dying boy plays best man at parents' wedding

    Looking dapper in a tiny tan pinstripe suit and orange shirt, a 2-year-old boy with only weeks to live served as the best man for his parents' Pennsylvania wedding.

    August 6, 2013 1 Photo 5 Stories

  • Screen shot 2012-12-05 at 4.31.28 PM.png VIDEO: According to trainers dogs can drive too

    Three dogs in New Zealand have been taught to drive a car. After weeks of indoor training in how to change gear, brake and steer, the canines have finally been allowed behind the wheel of a real car - with a little help from their handlers.

    December 7, 2012 1 Photo

  • HEALTH EXERCISE51.jpg Compression garments: So, does tight mean right?

    It seems that you can't head to a gym or run down your favorite trail these days without finding someone wearing compression garments.

    December 6, 2012 1 Photo

  • earth-at-night.jpg VIDEO: NASA's night view of Earth

    Weeks of work went into collecting pictures of the entire planet to create a remarkable look at night on Earth.

    December 6, 2012 1 Photo

  • 1376693_51096520.jpg Hospital incentives help babies determine own birth dates

    The evidence has been in for some time. Scheduling births may be convenient for physicians, hospitals and expectant parents, but it generally isn't good for the health of mothers and children.

    December 6, 2012 1 Photo