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Stock impact report

Walmart's pay-by-bank service could be a game changer for grocery industry [Yahoo! Finance]

Fiserv, Inc. (FI) 
Last fiserv, inc. earnings: 2/25 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
offer shoppers pay-by-bank opportunities, a new movement for retailers could be on the horizon, one that reduces the burden of credit card swipe fees. Credit card swipe fees continue to be a significant cost for retailers, amounting to $172 billion in 2023, according to the Nilson Report, a publication that covers the global payment card industry. Merchants also pay interchange fees when customers use debit cards. Starting in 2025, Walmart shoppers will be able to use pay-by-bank when making online purchases. Transactions will occur over Fiserv's NOW Network, which integrates with The Clearing House's Real Time Payments network and FedNow, a product of the Federal Reserve. In September, Fiserv and Walmart completed their first pay-by-bank transaction over the Fiserv NOW Network. The transaction was a proof-of-concept, and the full service will roll out in the near future. “We're pleased to bring the option of real-time payments forward in retail,” said Walmart in an emailed st Show less Read more
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