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Stock impact report

Walmart Shoppers May Not Need Credit Cards Anymore — Are Bank Account Transfers Better? [Yahoo! Finance]

Fiserv, Inc. (FI) 
Last fiserv, inc. earnings: 2/25 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
So when Walmart recently indicated its desire to cut out payment companies, the news garnered headlines. Learn More: Costco, Walmart and Other Stores With Perks Retirees Need To Be Taking Advantage Of Trending Now: 5 Low-Risk Accounts Financially Savvy People Trust for Reliable Returns In fact, the retail behemoth said it would soon offer a new payment option where consumers could opt for instant bank account transfers instead of using a credit or debit card. This move would likely spike revenue for the leading company on the Fortune 500 even further, as it would not have to pay payment processing fees to credit card merchants for these purchases. While this move clearly makes financial sense for Walmart, is it the best option for consumers Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move? In a bank account transfer, money is moved from one bank to another. This can happen in person, through a mobile app, online or by phone. For Walm Show less Read more
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