Post Tagged with: "walmart"

The humble prepaid card is the bridge to digital payments

The humble prepaid card is the bridge to digital payments

by September 12, 2016 at 1:00 am 1 comment

Image source Q. What is a mobile wallet?  A. It’s a prepaid card without the plastic.  The future needs a bridge. That bridge is a plastic prepaid card. Consumers get used to the action of paying with electronic cash; the delivery innovation comes later. Think of Netflix starting with DVDsRead More

Jet.Com Acquisition Not Enough to Challenge Amazon, Experts Say

Jet.Com Acquisition Not Enough to Challenge Amazon, Experts Say

by August 22, 2016 at 11:16 am 1 comment

Ever since Walmart announced its planned acquisition of Jet.com, the online shopping platform headed by Quidsi founder and Amazon challenger Marc Lore, there’s been speculation over whether the physical retailer will actually be able to offer Amazon.com some healthy competition in the ecommerce sector. However, despite the overall positive (though not fantastic)Read More

Why Walmart Bought Jet.com

Why Walmart Bought Jet.com

by August 9, 2016 at 11:30 am 0 comments

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

GoBank for Uber Revs Up

GoBank for Uber Revs Up

by August 5, 2016 at 10:35 am 0 comments

GoBank launched an account for the “gig economy” in March, and its first test case was the rideshare giant Uber. Yesterday, for the first time, Green Dot, which owns and operates GoBank, revealed some usage numbers on the accounts. The program is used by 80 thousand drivers, Green Dot CEO Steve StreitRead More

Moribund MCX Delays Rollout, Cuts Staff

Moribund MCX Delays Rollout, Cuts Staff

by May 17, 2016 at 11:21 am 2 comments

Just a day after Walmart Pay began its rollout, troubled mobile payments consortium MCX announced it was just about shutting down. MCX, formally the Merchant Customer Exchange, announced yesterday it was laying off 30 employees and delaying, yet again, the launch of its mobile payments platform, CurrentC. Announced in 2014 as aRead More

Walmart Pay Won’t Make a Dent in Card Usage, For Now

Walmart Pay Won’t Make a Dent in Card Usage, For Now

by May 17, 2016 at 11:06 am 5 comments

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

Walmart Pay Available for iOS Users

Walmart Pay Available for iOS Users

by April 25, 2016 at 3:10 pm 1 comment

A new addition to the epidemic of mobile wallets, Walmart Pay, appeared on Walmart’s app in an update for iOS last week. The feature will be available “in all stores soon,” according to the company, but it’s not clear exactly when.  It is also not clear from the update ifRead More

Will ‘Star Pay’ Take Over Mobile Payments in 2016?

Will ‘Star Pay’ Take Over Mobile Payments in 2016?

by December 28, 2015 at 12:43 pm 2 comments

Starbucks owns mobile payments. No one else even comes close. So with the predicted launch of a white-labeled mobile payments solution from the Seattle-based coffee giant in 2016 — possibly to be called Star Pay — will Starbucks become the mobile payments system of choice for merchants? Probably not. While Starbucks‘s systemRead More

MCX Is Dead (Again) Thanks to Target Pay

MCX Is Dead (Again) Thanks to Target Pay

by December 18, 2015 at 12:37 pm 1 comment

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

Walmart Pay: Why Now?

Walmart Pay: Why Now?

by December 10, 2015 at 2:26 pm 1 comment

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