American Express Rolling Out First Prepaid Card
NEW YORK (AP) - American Express is rolling out its first prepaid card aimed at the general market on Tuesday as it moves to stake a claim in the growing industry.
The announcement marks a notable departure for the company, which is known for catering to a more affluent clientele with its signature green charge cards.
This card is for everyone, said Dan Schulman, who was hired last summer to head Amex's enterprise growth unit. It could be for a parent who wants to give their kid a card, it could be for someone who doesn't have access to credit. It's a very large market that spans demographics.
Associated Press text, photo and/or graphic material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP Materials nor any portion thereof may be stored in a computer except for personal and non-commercial use. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.
Latest Stories
- CHRISTMAS IN THE WARDS GEAR UP FOR MAJOR BACK-TO-SCHOOL GIVEAWAY TO SUPPORT WEST SIDE CHICAGO FAMILIES
- Leyden Township Property Values Published
- CCDPH Celebrates Student Interns from Suburban Cook County
- Program Prepares Students For Overhead Electrical Line Work
- Local College Football Player Hosts Youth Football Camp
Latest Podcast
STARR Community Services International, Inc.
