Subprime credit cards, payday loans over the Internet among market-leading products.
LAS VEGAS — American Express-Walmart banking card offering takes the stage in Vegas.
Filene researcher does see increased competition from Amex/Walmart offering, while Latino Community CU, Consumers Union say full-service still needed.
Company says payment option not needed after credit and debit card relationships added.
Processor says its prepaid offering the first of its kind.
Market Rate Insight survey says middle and upper income consumers open to using prepaid cards if their financial institutions provided them.
Agency seeking comment on disclosures while moving toward added protections.
If credit union members want to use a prepaid debit card and cannot get one from their CU, they may head to a community bank.
Eight credit unions have signed on to begin offering the Coopera Card in 2012.
Center for Financial Services Innovation's recommendations include NCUSIF or FDIC insurance on prepaid cards.