Walmart

Why Walmart's cryptocoin is getting a warmer welcome than Facebook's

08/09/19

There are subtle differences in Walmart's virtual currency project compared to Facebook's Libra, but these may be enough to avoid the regulatory firing squad that Facebook has endured.

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Card issuers’ new focus on installment lending misses the point

08/09/19

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

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Walmart crypto coin patent could be a back door to banking

08/02/19

Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank account.

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Credit performance stabilizes at Synchrony

07/19/19

After rising between 2016 and 2018, the card issuer's charge-off rates are now steady. The trend reflects both the impact of tighter underwriting standards and the continued resilience of U.S. consumers.

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Consumer lender Affirm raises $300M to fund rapid expansion

04/03/19

The Silicon Valley-based fintech, which recently announced a new partnership with Walmart, plans to add hundreds of new workers this year.

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Walmart teams with Affirm to offer point-of-sale loans

02/27/19

The deal marks the first time that the retail giant will enable its customers to use fixed-rate loans, rather than credit cards, for big-ticket purchases in its stores and online.

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Square's banking bid avoids backlash that doomed Walmart's

02/12/19

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

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Loans sold, partnership renewed, lawsuit dropped: Synchrony’s win-win-win

01/23/19

In selling its Walmart credit card portfolio to Capital One and extending a partnership with Sam’s Club that appeared to be in peril, Synchrony Financial avoids an expensive legal battle with the world’s largest retailer.

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Synchrony to issue credit cards for home shopping channel

12/20/18

As part of the agreement with HSN, Synchrony has also extended its partnerships with HSN affiliates QVC and the e-commerce site Zulily.

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Capital One under no pressure to buy Walmart loans, CEO says

12/05/18

Amid negotiations with Synchrony Financial over the potential purchase of a $10 billion portfolio, Capital One's Richard Fairbank indicated Wednesday that he is willing to walk away.

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