Amex, Wal-Mart Bluebird Card to Carry FDIC Insurance

“When we launched Bluebird last October, we were focused on serving the tens of millions of Americans who are not well served by the traditional financial services industry. The unbanked, underbanked, and the unhappily banked are beset by onerous fees and numerous inconveniences,” said Dan Schulman, group president, Enterprise Growth, at American Express in the companies’ announcement.

“Bluebird is designed to help make their everyday financial lives easier, more convenient and less expensive. Today’s announcement, which reflects feedback from consumers, advocacy groups and government officials, represents the next set of enhancements that further distinguish Bluebird from other financial services options,” Schulman said.  Read More Amex, Wal-Mart Bluebird Card to Carry FDIC Insurance: