http://banktalk.org/2012/10/09/what-they-forgot-to-mention-amex-bluebird-in-wal-mart/ Exploring the Finances of the Unbanked Mon, 13 May 2013 05:53:44 +0000 hourly 1 http://banktalk.org/2012/10/09/what-they-forgot-to-mention-amex-bluebird-in-wal-mart/#comment-17208 sdoggie Fri, 02 Nov 2012 14:51:55 +0000 http://banktalk.org/?p=5102#comment-17208 On yesterday\’s Green Dot q3 call, the analysts seemed to feel that Bluebird was going to serve a different customer than would Green Dot. In their mind, the typical Bluebird customer already has another bank account. I don\’t think they were concerned about financial risk from the lack of insurance, but they did take notice that Green Dot reported that their card activiations in Wal-Mart are down 10 percent in the first two weeks since Bluebird\’s launch. Whether or not 10 percent is good or bad is another question. I think the press out there gives the impression that people expected a greater market share loss for GDOT.

]]> http://banktalk.org/2012/10/09/what-they-forgot-to-mention-amex-bluebird-in-wal-mart/#comment-16755 Jim Wells Wed, 10 Oct 2012 10:56:35 +0000 http://banktalk.org/?p=5102#comment-16755 The lack of FDIC insurance may also compromise the Bluebird card’s ability to accept direct deposit of payroll in some states.

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