ADVFN - Advanced Financial Network.
HOME» NYSE » W » WMT Stock Price » WMT Stock News

Wal Mart Stores Share News

 Wal-mart Stores, Inc. Stock Price
WMT Stock Price
 Wal-mart Stores, Inc. Stock Chart
WMT Stock Chart
 Wal-mart Stores, Inc. Stock News
WMT Stock News
 Wal-mart Stores, Inc. Company Information
WMT Company Information
 Wal-mart Stores, Inc. Stock Trades
WMT Stock Trades

Chase Expands Availability of Prepaid Card

J.P. Morgan Chase & Co. (JPM) is beginning to sell a prepaid card in all 5,500 of its branches nationwide as the bank continues its bid to replace lost revenue. The Chase Liquid card is an alternative to a traditional debit card in that it does not come with a checking account. The card can be used anywhere Visa Inc. (V) cards are accepted, and it carries a monthly fee of $4.95. The largest U.S. bank by assets began testing the sale of the card in about 200 branches in May. Prepaid cards have traditionally been marketed to so-called underbanked consumers by alternative financial-services companies like Green Dot Corp. (GDOT) and Western Union Co. (WU), who sell their cards online and in retailers like Wal-Mart Stores Inc. (WMT) and 7-Eleven Inc. Mainstream lenders have shown more interest in offering the products, though, as new regulations curb the amount of revenue generated by traditional credit and debit cards. Some large-bank executives, including Chase Chief Executive Jamie Dimon, have argued the regulations would push consumers with smaller account balances out of banks because lenders would be forced to increase fees and other costs to service them. Other mainstream lenders offering prepaid cards include American Express Co. (AXP), U.S. Bancorp (USB) and Regions Financial Corp. (RF). Some consumer advocates have worried banks would try to push lower-income customers into prepaid cards, which can come with numerous fees and fewer consumer protections in cases of fraud. But some consumer advocates also said they liked Chase's prepaid card because of its integration into the bank's branch network. Chase executives have stressed its card comes with the same benefits offered to its other customers, noting that the Liquid card can be used to withdraw cash for free at any of Chase's 17,500 ATMs and its branch locations. Customers also can deposit funds onto the card for free at a Chase teller or certain Chase ATMs specially equipped to handle cash and check deposits. The card "is a low-cost alternative to traditional checking accounts and its convenience and pricing transparency sets a new standard for prepaid cards," Ryan McInerney, chief executive of consumer banking for Chase, said in a written statement. Write to Andrew R. Johnson at

Stock News for Wal Mart Stores (WMT)
11/28/201517:02:04Survey Says Amazon Will Beat Target, Wal-Mart This Holiday Season
11/28/201511:14:025 Things Target Corporation's Management Wants You to Know
11/27/201513:38:00Wal-Mart, Neiman Marcus Sites Have Black Friday Hiccups--Update
11/27/201512:43:00Wal-Mart Website Struggles to Handle Demand for 'Doorbusters'
11/27/201511:50:00Black Friday Shopping With Thinner Crowds
11/27/201511:41:00Black Friday Shopping, With Thinner Crowds--Update
11/27/201511:19:00Black Friday Shopping--With Thinner Crowds
11/27/201511:11:00Wal-Mart Website Struggles to Handle Demand for 'Doorbusters'
11/27/201506:09:04Wal-Mart Stores, Inc.'s Plan to Get the Jump on Cyber Monday
11/27/201502:38:00Walmart Statement on 2015 Black Friday
11/26/201514:00:03Don't Buy a TV on Black Friday
11/26/201513:00:04Everything Shoppers Need to Know for Black Friday
11/26/201510:18:03How Apple Spent $253 Billion in 1 Year
11/26/201509:00:04What Not to Buy on Black Friday
11/26/201507:15:03The 7 Most Popular Gift Cards This Holiday Season, and 3 Big...
11/25/201519:34:044 Reasons Not to Shop on Black Friday
11/25/201516:50:00Costco Points to Vegetable Mix as Possible Source of Bacterial...
11/25/201513:35:03Will Retailers Be Punished for Opening on Thanksgiving Day?
11/25/201512:20:03Are McDonald's and Taco Bell Guilty of Greenwashing Their Eggs?
11/25/201511:10:00U.S. Consumer Sentiment Slips

Wal Mart Stores and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations