American Express (AXP), trying to expand beyond its affluent customer base, is testing the sale...

|About: American Express Company (AXP)|By:, SA News Editor

American Express (AXP), trying to expand beyond its affluent customer base, is testing the sale of prepaid cards in ~180 Wal-Mart (WMT) stores on the West Coast. Prepaid cards are like traditional debit cards but typically are not tied to a checking account; the move is a recognition that more consumers are trying to avoid using credit and move towards debit.