Walmart and American Express have launched Bluebird, a prepaid, reloadable card that offers mobile and smart-phone functionality and no recurring fees.
The Consumer Financial Protection Bureau said it has ordered three American Express subsidiaries to refund an estimated $85 million to about 250,000 customers for “illegal credit card practices.”
Groupon is throwing itself into the crowded field of mobile payments systems, promising merchants a guaranteed lowest cost option for accepting credit cards.
American Express ranks highest in customer satisfaction for the sixth consecutive year as credit card issuers overall seem to be improving their reputation among consumers, according to the J.D. Power and Associates.
This latest venture marries American Express and the Serve digital wallet with FarmVille, the make-believe society that features plastic payments as prominently as real life on Facebook or other platforms.
American Express has launched a pilot program for its “My Offers” iPhone app that ranks merchant offers based on a card customer’s spending history and location.
American Express has added its cards to the “mobile wallet” joint venture consisting of AT&T, T-Mobile and Verizon.
Nine out of ten of Americans surveyed said that companies fail to exceed their service expectations, while one out of two respondents walked away from an intended purchase in the past year because of a poor customer service, according to a new survey.
The average annual percentage rate (APR) on new credit card offers remained unchanged at 14.91 percent this week, marking the ninth week of 17 this year that rates have not moved, according to creditcards.com
With regulations limiting their recruiting of college students as customers, credit card issuers are increasingly partnering outright with schools to offering prepaid cards that can double as campus I.D. cards.