After a week of speculation, it has been officially announced that Walmart will acquire innovative ecommerce company #JetCom, for which it will pay $3 billion in cash. It’s a sweet deal for Jet, and could in the future provide some possible healthy competition for Amazon, which may be what attracted WalmartRead More
Post Tagged with: "Walmart Pay"
The Chase Pay mobile wallet from JPMorgan Chase was slated for rollout in mid-2016, but it likely won’t see light of day until the fourth quarter, it emerged today at the Shoptalk conference in Las Vegas. The news came from Chase Commerce Solutions head of global e-commerce and large omnichannel solutions,Read More
First announced in December 2015, the latest in the mobile wallet pipeline – Walmart Pay – is live as of yesterday to Walmart shoppers at 110 branches in Arkansas and a further 500 in Texas. The feature will be available in all stores “soon,” the company said. Card transactions carryRead More
What does 2016 hold in store for fintech, payments, and banking innovation? Matt Harris, managing director of Bain Capital Ventures, and Brian Roemmele, CEO of Pay Finders and a noted payments analyst, joined Bank Innovation yesterday to discuss just that. Harris and Roemmele were needled to give their views on mobile payments,Read More
MCX: It’s alive! It’s dead! It’s alive again! Actually, does the recent news about a forthcoming Target Wallet, announced just a week or so after Walmart Pay, means it’s really and truly dead? MCX and its long-promised app, CurrentC, have delayed coming to market for so long that it’s becomeRead More
In a time of frenetic payments activity, news arrives of consolidation. Global Payments Inc. announced today that it will acquire Heartland Payments Systems for approximately $4.3 billion. The acquisition was rumored last week, but confirmed today. Together, the two payments technology companies will serve some 2.5 million merchants globally. In the U.S.Read More
Walmart, the nation’s largest retailer, is launching its own mobile payment service. It was announced late last night that Walmart Pay would join the growing parade of branded mobile payment platforms: Chase Pay, Android Pay, Samsung Pay, and Apple Pay. Bentonville, Ark.-based Walmart had previously been known in the mobile payments spaceRead More