The Commercial-News, Danville, IL

Local News

October 9, 2012

Wal-Mart offers bank account alternative with American Express

Wal-Mart 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
Local News
  • Police Report Incidents reported to police include:DanvilleTuesdayCriminal damage to state-supported property at the Public Safety Building, 2 E. South St. on the third floor.WednesdayResidential burglary in the 800 block of Bryan Street.Residential burglary in th

    August 2, 2014

  • Fire Calls Firefighters responded to the following calls:Thursday, 1:06-1:31 p.m. – Car smoking (electrical) at Fairchild and Martin streets.Thursday, 2:10-2:18 p.m. – Medical call in the unit block of Tennessee Street.Thursday, 3:38-3:51 p.m. – Transformer smo

    August 2, 2014

  • churches1.jpg United Church of Christ has new part-time pastor DANVILLE – A church that has been undergoing some challenges and transitions has a new part-time pastor.The Danville United Church of Christ at Main and Buchanan streets has hired Rev. Brock Neal as a part-time minister.Neal and his wife, Angie, move

    August 2, 2014 1 Photo

  • Group to talk medical cannabis DANVILLE — Where the 60 medical cannabis dispensaries and up to 22 cultivation centers will be located throughout the state remains to be seen. Danville zoning officials, like their counterparts in other communities, are discussing the possibility of

    August 2, 2014

  • Mural.jpg 'Out of respect' Artist Mike Harper squints his eyes to monitor his paintbrush’s precision.He drapes a towel atop steel scaffolding to shield his face from the sun, and uses his fingers to blend blue Novacolor paint into a sketch of an honor guard. Harper is painting

    August 2, 2014 1 Photo

  • Council considers salt purchase DANVILLE — The city won’t be without road salt this winter; but the city also will pay almost double what it did last year.City council members will consider an emergency purchase of road salt at Tuesday’s meeting, and a budget amendment to pay for t

    August 2, 2014

  • Fair talent contest set

    August 1, 2014

  • Race to help VFW

    August 1, 2014

  • Pottery class set

    August 1, 2014

  • jimmyjohns1.jpg Sub shop to open second city location DANVILLE — Ask Jimmy John’s owner/general manager Seth Hobbs how Jimmy John’s is doing in Danville and he’ll tell you “things are going really well.”In fact, he’s planning to build a new store to reach more customers in the southern part of the city.

    August 1, 2014 1 Photo

E-edition
Spring 2014 Photos


Buy these photos and more via Smugmug

AP Video
Renewed Violence Taking Toll on Gaza Residents 2 Americans Detained in North Korea Seek Help US Employers Add 209K Jobs, Rate 6.2 Pct House GOP Optimistic About New Border Bill Gaza Truce Unravels; Israel, Hamas Trade Blame Raw: Tunisia Closes Borders With Libya Four Rescued From Crashed Plane Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction
NDN Video
Under Armour Launches Biggest Women's Campaign with Inspiring Ad NYPD chokehold death of Eric Garner was homicide: medical examiner Christina Aguilera Pulls a Demi Moore! Man with no arms throws first pitch Chapter Two: Composing for a film in retirement Is Justin Bieber Dating a Model? Guardians of the Galaxy (Trailer) 'Sharknado 2:' Hottest Memes Surfing The Net Snoop Dogg Narrating Animal Footage Is Perfect Raw: Obama Gets Hug From Special Olympian Recapping a Blockbuster MLB Trade Deadline Tigers Acquire David Price - @TheBuzzeronFOX Russell Brand Slams Sean Hannity Over Gaza Conflict Segment Woman's Dive Goes Terribly Wrong Brian Williams Reports on Daughter Allison Williams' 'Peter Pan' Casting News Did Jimmy Fallon Look Up Heidi Klum's Dress? What Drama? Miranda Kerr Poses Topless Plane crashes in San Diego Costco parking lot Justin Bieber Takes To Instagram To Diss Orlando Bloom You Won't Believe the Celeb Cameos in "Sharknado 2"
Must Read