Walmart Targets Unhappy Bank Customers With New Prepaid Card--Should Big Banks Be Nervous?

Forbes ^ | 08 Oct 2012 | Halah Touryalai

[TArcher]

Walmart wants to be your new banker.

Walmart launched Bluebird, an alternative to debit and checking account. Should banks be nervous?

Today Walmart announced an alternative to traditional debit and checking accounts in partnership with American Express. The Bluebird accounts target consumers who are fed up with increasing fees from traditional bank accounts.

The Bluebird accounts will have no minimum balance requirement and no monthly maintenance, annual or activation fee. Customers can access their money for free using one of 22,000 American Express MoneyPass ATMs, but will be hit with a $2 fee if they are not enrolled in direct deposit...

[TArcher]

 

>>I must conclude that you are not a troll.

Thanks FRiend.

>>These actions are Corporatist.

The word Corporate refers to multiple individuals acting together as one body.

 

Corporate Worship, for example, means many members worshiping as one:

http://www.google.com/#hl=en&sclient=psy-ab&q=Corporate+Worship+site:www.lcms.org

In America such worship is a voluntary association formed among free Individuals.

 

Communism is another form of collective incorporation - typically manifested via the power of state mandate; and is not so voluntary.

 

Observe how the Soviet Union had to build a wall to keep its collective members inside the corporate/communist State body. Securing the inalienable rights of the governed was not the objective of the Soviets, and is clearly not the forte of the Communist Chinese.

>>the good they do, to my mind, outweighs the negative.

I suppose if we put the best construction on the relationship between Corporat(ist) America and Communist China - we might think of it as a means of manifesting this:

http://www.google.com/#hl=en&sclient=psy-ab&q=Nixon+%22A+structure+of+peace

Nothing wrong with that - as long as we don't become what our Collectivist/Communist/Corporatist Cold-War enemies were, and in the process of achieving it throw out the American baby...

"TO SECURE THESE RIGHTS, governments are instituted among men..."

...along with the bath water and/or the Baath party. ;-}

[freedomlover]

Is the Chase card a Visa or a Mastercard or something else?

[TexasKamaAina]

Mastercard

[freedomlover]

Thanks will have to look at it. I make a lot of cc charges and pay off automatically every mo