Costco customers look like winners in Amex scrum

February 13, 2015

Severing an exclusive deal with the U.S. warehouse retailer has swiped some $8 bln from the card company’s shareholders. Gains at MasterCard and Visa offset only part of that. True to form, Costco shoppers will reap the remaining benefits – at least according to Mr. Market.

Wal-Mart’s banking twist curls through many cracks

October 8, 2012

The retailer’s new venture with American Express looks a good option for poorer Americans lacking access to financial services. The card also may tempt bank customers with a model that’s neither credit nor typical debit. But with deposits uninsured, regulators must watch closely.