Payments News

On The Web

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Companies

Walmart Now Accepts SNAP for Online Grocery Orders at All 2,500+ Pickup Locations

“Walmart has been working to address the needs of low-income shoppers for some time. More recently, it’s been introducing new ways to serve customers on public assistance. In fall 2017, the retailer began a small test allowing customers to pay for online grocery orders using their SNAP (Supplemental Nutrition Assistance Program) benefits — more casually […]
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Companies

Walmart Hires Global Tech Chief to Compete With Amazon

“Walmart is working to becoming an increasingly tech-focused company, buying up e-commerce startups, investing heavily to boost online sales, adding more grocery-delivery options and working to ramp up its digital ad revenue . The bulk of Walmart’s revenues and profits came from around 4,600 U.S. stores as of the most recent quarter.”
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Companies

Walmart Extends Streak of Sales Growth

“While some retailers have closed or seen sales sputter in recent years with the rise of online shopping, quarterly comparable sales have risen consistently in Walmart’s primary U.S. business for over four years. Walmart has shifted strategies, significantly reducing spending on building new stores in favor of growing online, lowering prices and adding more services […]
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Companies

Walmart’s Q2 E-commerce Growth Bolstered by Online Grocery, Prime Day Sales Bump | ZDNet

“Walmart’s e-commerce business continues to be a bright spot in the company’s sales growth, with online grocery contributing significantly to its gains in digital. Walmart also gave a nod to its “four-day July sales event” that countered Amazon Prime Day for giving its Q2 e-commerce sales a boost. Overall, the world’s largest retailer reported comparable […]
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Companies

Walmart Launches Two New Credit Cards Offering 5% Back on Digital Purchases

“Walmart is partnering with Capital One to launch a new credit card program, which rolls on September 24, and includes both co-branded and private-label cards. The former, the Capital One Walmart Mastercard, includes 5% back on purchases made on Walmart.com or paid for in-store using Walmart Pay (the latter for the first 12 months.) The […]
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Companies

Walmart Is Losing a Lot of Money Online. Does That Matter?

“Walmart Inc.’s online sales—which include a large buy online pick up in store (BOPIS) operation for groceries and other goods—are soaring. But profit for the ecommerce operation could be years away, according to industry observers. In the first and second quarters of Walmart’s current fiscal year, online sales grew 37.0% , the company reported. Management […]

On The Wires

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Companies

Capital One and Walmart Reimagine the Retail Credit Card Program

“Capital One and Walmart are introducing the Capital One Walmart Rewards Credit Card Program, which launches with two new credit cards that reward customers for shopping at Walmart and on purchases they make everywhere the card is accepted. The program’s signature co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart […]