Walmart will soon offer instant bank payments to shoppers [Yahoo! Finance]
Fiserv, Inc. (FI)
Last fiserv, inc. earnings: 2/25 07:00 am
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Source: Yahoo! Finance
their bank accounts via a partnership with global financial services tech company Fiserv, reports Bloomberg Walmart Pay made pay-by-bank an option earlier this year, but that process took about three days to finalize transactions. Now, transactions will happen instantly, and Walmart will receive the money immediately. And most significantly, Walmart will avoid paying fees to credit card companies. With U.S. credit card swipe fees making up 2.24% of the average transaction, even converting a fraction of consumers to pay-by-bank could mean billions in savings for the retailer. “I think giving consumers different options to pay for their purchases I view as always a good thing,” said Nick Ewan, senior editorial director for loyalty points website The Points Guy. “How this actually translates to the actual experience for the customer, that remains to be seen.” Walmart had not responded to a request for comment in time for publication of this story. It remains to be seen as to ho
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News
- Fiserv, Inc. (NYSE: FI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Walmart's pay-by-bank service could be a game changer for grocery industry [Yahoo! Finance]Yahoo! Finance
- Five Emerging Tech Cities Where Home Values Are Surging Alongside Innovation [Yahoo! Finance]Yahoo! Finance
- Fiserv, Inc. (NYSE: FI) had its price target raised by analysts at Robert W. Baird from $186.00 to $200.00. They now have an "outperform" rating on the stock.MarketBeat
- Walmart to offer instant pay-by-bank option through Fiserv system - report [Seeking Alpha]Seeking Alpha
FI
Earnings
- 7/24/24 - Beat
FI
Sec Filings
- 9/25/24 - Form 8-K
- 9/23/24 - Form 4
- 9/20/24 - Form 144
- FI's page on the SEC website