Tuesday, November 26, 2013

Amex Serve Free Cash Reloads now @CVS


Add cash to your American Express Serve® Card at the register for FREE at any CVS/pharmacy store and soon at participating 7-ELEVEN® locations nationwide. It's a fast and easy way to load your Card and have it ready for the everyday purchases you need to make.

Use your Card to pay bills, buy groceries, and shop virtually anywhere American Express® Cards are accepted. It's easy, safe and secure.



How it Works:

1. Visit a CVS/pharmacy store near you. Find the closest one on CVS.com.

2. Give your cash and Card to the cashier to add money.

3. Your money is added immediately and your funds are ready to use.

Friday, November 22, 2013

GreenDot Taking Over Walmart's Cards

GreenDot Bank is taking deposits from Walmart Cards that now go to GE Capital Bank.

Cardholders whose Wal-Mart Card accounts are acquired from GECRB would have continuous access to their account funds throughout the transition to Green Dot Bank.

Green Dot Bank would expand the features available to Wal-Mart Card cardholders not currently supported by GECRB.

In particular, Green Dot Bank would provide a traditional bill payment feature, in which the cardholder could pay bills via automated clearinghouse fund transfers, and a check-writing feature, in which the cardholder could electronically complete checks that Green Dot Bank would print and mail to any payee designated by the cardholder.

Green Dot Bank is developing additional features for the Wal-Mart Cards, including a budget management feature that would allow cardholders to set aside funds loaded onto the Wal-Mart Card.

Thursday, November 14, 2013

How Big Banks Killed a Plan to Speed Up Money Transfers

You can bounce a check these days within hours but transferring money from your Bank Account is still governed by decades old rules that can cause your money to sit for days in purgatory.

Here is the article from PaymentsSource:

http://www.paymentssource.com/news/how-big-banks-killed-a-plan-to-speed-up-money-transfers-3016022-1.html

Wednesday, November 6, 2013

US Bank Prepaid Consolidation?

American Banker is reporting that US Bank is consolidating all its different prepaid cards.

Looking for some confirmation of that but nothing so far.