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Companies

Walmart Files for Trademark for Fintech Unit: ‘Hazel by Walmart’

“Walmart Inc. ’s financial technology venture, still shrouded in mystery, now has a possible name: Hazel by Walmart. The world’s largest retailer filed for a trademark on the name on March 29, in the process giving clues as to what the startup might actually do. The application with the U.S. Patent and Trademark Office includes […]
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Companies

Walmart’s Amazon Prime Competitor Will Launch in July

“Amazon may have a 15-year head start, but Walmart is close to finally unveiling its own membership program that it hopes will eventually become an alternative to Amazon Prime. Walmart plans to launch a new subscription service later this month called Walmart+ that will cost $98 a year. It will include perks like same-day delivery […]
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Companies

Walmart’s U.S. Boss Expects Coronavirus to Alter Shopping Permanently

“When John Furner became chief executive of Walmart Inc.’s WMT -0.53% U.S. operations last year, the biggest challenge was Amazon.com Inc. AMZN -0.40% Now Mr. Furner—who began his career at the company in 1993 as an hourly store worker and most recently led Walmart’s Sam’s Club—is leading the largest business unit at the country’s largest retailer during […]

On The Wires

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Companies

Walmart MoneyCard, Issued by Green Dot Bank, Now Offered As Demand Deposit Accounts With Enhanced Digital Banking Tools and Features for Customers

“Walmart (NYSE: WMT) and Green Dot (NYSE: GDOT) today announced the Walmart MoneyCard issued by Green Dot Bank is now offered as a demand deposit account (“DDA”) better equipped to help Walmart customers save money and live better. New and existing Walmart MoneyCard account holders may now access Green Dot Bank’s more comprehensive digital banking […]
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Companies

Walmart Announces Creation of New Fintech Startup

“Today, Walmart announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions. The new company is a strategic partnership with leading fintech investment firm Ribbit Capital. The venture will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored […]
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Companies

Walmart Introduces Walmart+

“Walmart is launching a new membership program that brings together in-store and online benefits to save customers money and time like no other retailer can: Walmart+. Walmart+ uses the company’s unique assets to make life easier for busy families. Along with the power of its online presence, Walmart+ has the reach of more than 4,700 […]
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