Wal-Mart Plans Prepaid Visa Debit Cards

Wal-Mart will start selling prepaid Visa debit cards that don't require a credit check or bank account, the company said Wednesday.

The world's largest retailer has sought to expand into financial services at its U.S. stores to serve the millions of people who don't have bank accounts or credit cards.

Wal-Mart will also add hundreds of in-store centers bundling the financial services it already offers, such as payroll check cashing and money transfers. The number of so-called MoneyCenters will rise from about 225 now to 1,000 by the end of 2008.

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- Posted: 2007-06-20 10:14:44

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