American Express Co. is making its boldest move yet in the prepaid market by introducing a reloadable card that carries almost no fees.

Instead of charging cardholders for activating, reloading or replacing lost cards — standard practice in the prepaid market — the company will make its money on the product primarily from the fees retailers pay when consumers make purchases. Amex's merchant rates traditionally have been higher than those of the other payment networks.

"We thought to ourselves … how could we create a fee-free product and basically make money on the discount rate associated when a customer uses a card at a merchant, either online or offline," Dan Schulman, Amex's group president for enterprise growth, said Monday.

Citigroup waited up to three weeks before notifying credit card customers that their accounts had been hacked, according to a published report Monday.

Citigroup (C, Fortune 500) held off on notifying customers in last month's security breach because the company was conducting an investigation, reported the Wall Street Journal.

Making the news this week, a woman who stole credit cards from a terminally ill patient, and another who ripped off her dead parents.

In previous weeks, stories about credit card crimes in the media have involved petty criminals stealing credit cards from churchgoers and teachers. Apparently, some thieves decided they needed to up the sleaze ante.

The first story is particularly sad. Dora T. Chatmon, 24, was providing in-home care for a terminally-ill woman in Lewiston, N.Y. She and her boyfriend, Leonard James, 19, used the woman's credit cards to make $13,000 in purchases between September 20 and October 12 last year.

Chatmon and James each blamed the other, which somehow makes me think they won't be staying together as a couple, but the judge felt that they both deserved some jail time. They each received four months of weekends in jail, five years' probation and will each have to pay back $6,450.

The City of San Francisco Board of Supervisors voted last week to issue municipal identification cards to city residents, regardless if they are in the country legally. But an immigration reform activist who lives in the Bay Area says the city has more im

Federal officials are planning to make immigrants who carry old-style green cards, which don't expire, pay for new cards that must be renewed every 10 years. U.S. Citizenship and Immigration Services says the old cards issued from 1979 to 1989 carry outda

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