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Stock impact report

How Walmart's using real-time payments to battle credit cards [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
strategy that now includes tapping the trend toward real-time payments and the cost-cutting practice of enabling transactions directly between bank accounts The retailer plans to integrate its pay-by-bank option with the Clearing House's RTP network and the FedNow real-time payment system, augmenting Walmart's existing option by shortening processing times. It will also provide an alternative payment option as Walmart considers the future of its credit card program following the recent collapse of its partnership with Capital One. Walmart's real-time pay-by-bank service, which is part of its Walmart Pay digital wallet, will be available in early 2025, following the release of its original service earlier this year. Pay-by-bank, or account-to-account payments, are an older product but have gained traction during the recent inflation wave and growing credit card debt . Fintechs and merchants have added A2A, along with other products such as buy now/pay later lending, to mitigate r Show less Read more
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