Register now for our virtual Global Payments workshop on September 16-17 to align on key concepts, explore payments activities and innovations in select markets, and examine the unique challenges of cross-border payments.

A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

Search Payments News

May 15, 2018

On the web

Walmart Just Abandoned Cashierless Checkout, And It Reveals A Huge Challenge In Its Battle With Amazon

Business Insider

“Walmart just killed an app that let shoppers scan and pay for items with their smartphones so they could skip waiting in line at checkout registers, the company confirmed to Business Insider on Tuesday. The decision to drop the app, called Scan & Go, comes just four months after the retailer announced it would expand its test of the technology to more than 100 stores.”

May 14, 2018

On the web

May 4, 2018

On the web

Walmart Seeking $15 Billion Stake in Indian E-Commerce Giant Flipkart

Wall Street Journal (Paywall)

Walmart Inc.’s WMT +0.42% battle with Amazon.com Inc. is heading to India. Walmart is near a deal to invest around $15 billion for a roughly 75% stake in Flipkart Group, India’s largest e-commerce company, according to a person familiar with the matter. It would be a big bet by Walmart that India will be a source of growth at a time when Amazon is gaining ground in the country.”

April 30, 2018

On the web

Walmart retreats from its UK Asda business to hone its focus on competing with Amazon

TechCrunch

“This morning, UK supermarket chain Sainsbury’s announced a deal with Walmart to buy a majority stake in Asda, Walmart’s wholly-owned UK subsidiary. The deal values Asda at £7.3 billion ($10 billion), and if it closes will net Walmart £2.975 billion ($4 billion) in cash, a 42 percent share of the combined business as a “long-term shareholder”, and 29.9 percent voting rights in the combined entity, which will include 2,800 Sainsbury’s, Asda and Argos stores and 330,000 employees in the country.”

April 19, 2018

On the wires

Walmart Launches Check Out With Me, a New Service Designed to Save Customers Time

“Walmart is testing a new program called Check Out With Me in the Lawn & Garden Centers of more than 350 stores across the country, just in time for the busy spring season. Outfitted with cellular devices and Bluetooth printers, Lawn & Garden associates at these select stores can check out customers and provide a receipt on the spot. Customers no longer need to venture inside the physical store to pay for items like mulch, soil and flowers, saving them valuable time.”

April 6, 2018

On the web

Walmart to roll out over 500 more Pickup Towers to U.S. stores this year

TechCrunch

Walmart  announced this week it’s going to roll out more than 500 additional Pickup  Towers to its U.S. stores over the course of the year. The towers, which are like high-tech vending machines distributing customers’ online purchases, were first introduced into nearly 200 stores in 2017. The towers are one of the ways Walmart is taking on Amazon by leveraging its large brick-and-mortar footprint to encourage more sales. The company had also announced last April a “pickup discount” on a million online-only items, if customers opted for store pickup over shipping.”

April 3, 2018

On the wires

April 2, 2018

On the web

March 27, 2018

On the web

In China payment war, Walmart places bet on Tencent

Reuters

“Walmart, the world’s largest retailer, on Tuesday said it had dropped Alibaba-linked Alipay in all its stores in the western region of the country, after agreeing a tie-up with Tencent to use its popular WeChat payment system. The move underscores how China’s retail market is dividing into two camps around Alibaba and Tencent, tech behemoths worth a combined $1 trillion who are shaking up the online and offline retail market.”

March 26, 2018

On the web

Walmart files patent applications for drone shopping assistants and smart shopping carts

The Verge

“Walmart filed a host of patents today related to how it keeps track of inventory — and the technologies could change the way its customers shop, as reported by Gizmodo. One of the patents is clearly for the in-store experience, and proposes a sensing device to make shopping carts smart and communicate with a mobile device (presumably to help you navigate to where items are). There’s also a patent that tracks users through wearables, and several for managing / sensing inventory levels.”

March 7, 2018

On the wires

TSYS Announces Agreement with Walmart to Implement New Payment Solution at Retail Locations Nationwide

“TSYS today announced that its new patent pending payment solution, Advanced AuthControlSM, that recognizes qualified purchases determined by a consumer’s healthcare plan, will be implemented at Walmart and Sam’s Clubs locations nationwide. This solution, combined with Walmart’s proprietary, point-of-sale decisioning capabilities known as “Directed Spend,” enables TSYS healthcare clients to provide incentive dollars to members through their healthcare plan wellness incentive program.”

Goodpods Top 100 Payments Podcasts

Listen now to Payments on Fire™ podcast

Payments News

Stay on top of the rapidly evolving payments world with Glenbrook’s free curated news feed, delivered daily to your inbox.

Payments Views

Read our commentary and opinion blog written by members of the Glenbrook team on payments industry topics, large and small.

Glenbrook’s live and on-demand workshops help you understand and apply the innovations shaping the payments industry. Register today or schedule a custom workshop for your team.