Wal-Mart Taps Debit Card Business

Wal-Mart announced today that it plans to offer a prepaid, reloadable Visa debit card as part of a plan to expand the financial services it offers to its customers, millions of whom do not have a basic banking or checking account. The new debit cards are called MoneyCards. While not a checking account, MoneyCards will act just like one, allowing shoppers to use the debit cards wherever VISA cards are accepted. Instead of paying by cash or money orders, customers can use the MoneyCards to pay...Full Story
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