The evolving relationship between supermarkets and banking and the key role of fintechs
Supermarkets across the globe continue to embrace fintech partnerships to power their financial services.
Walmart
Retail giant Walmart sues Capital One over credit card failures
Walmart alleges Capital One failed to meet several contractual obligations and customer service standards.
Walmart and PayPal join forces for cash transactions
First time for PayPal to transact in cash, but each cash transaction is priced at a flat, $3 service fee.
Top fintech stories this week – 11 May 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Walmart buys $16bn share in Flipkart
Becomes largest shareholder in Indian e-commerce marketplace.
Industry alignment or industry confusion – what is a financial institution?
How industry labels and market segment boxes are no longer so revealing.
Univision Mastercard Prepaid Card Hits Walmart Shelves
Univision Mastercard Prepaid Card is now available in approximately 300 Walmart stores in California, Texas and Florida. The move is part of the brand’s continued expansion into retail spaces in prominently Hispanic regions.
Walmart taps Google for omnichannel commerce play
Google and Walmart are teaming up to take on Amazon (and Alexa) with voice-activated commerce and more plans for 2018, reports Banking Technology‘s sister publication Paybefore. Starting in late September, the retail giant will be working with Google to offer hundreds of thousands of items for voice shopping via Google Assistant – the largest number […]
Study: Big Box Stores, Plastic Cards Dominate in Loyalty, Corporate Rewards
In a sign that many consumers use gift cards to purchase everyday household items, big box retailers continue to lead loyalty points and rewards redemptions in the U.S., according to a new study from the National Gift Card Corp. (NGC).
Walmart and Visa make peace in Canadian payments dispute
A major payments battle has come to an end: Walmart Canada and Visa said they have reached a deal that enables consumers to use Visa-branded payment cards at retail locations in that country, reports Paybefore. The companies did not disclose terms of the deal, which stems from a disagreement in 2016 involving interchange. Walmart said […]
Real-time payments: coming to America?
When the US Federal Reserve Banks asked for comments on improving the US payments system, the tech industry and merchants said “let’s go” while the incumbents said “whoa, not so fast” …
