This Is What A Threat Looks Like

From @AmerBanker:

After years of providing financial services, Walmart is becoming a more formidable bank competitor with the addition of American Express’s checking account alternative, Bluebird.

The account, which is the first non-Serve card to be built on top of Amex’s digital wallet platform, lets users deposit checks by snapping a picture from their smartphones; electronically pay billers; send cash to friends; and do all of the above in a way that is nearly fee free.

Merchants will be charged Amex’s prepaid merchant discount rate on the Bluebird transactions.

The Huffington Post also referenced my original story. 

My boss talking about this story on Fox Business


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