Walmart Tests Instant Payments with Fiserv

Article

Mentioned Companies:

Walmart Tests Instant Payments with Fiserv

Since June of this year, the largest US retailer has offered users of its Walmart Pay wallet app the opportunity to make payments for online purchases directly from their checking accounts. Those pay by bank purchases are delivered to the automated clearinghouse network (ACH) by Fiserv. Some are settled the same day and others within three days. A proof of concept for instant payments settled in real time through links to the Federal Reserve’s FedNow Service and RTP from The Clearing House network has just been completed. Fiserv handled those Walmart Pay wallet transactions through its No...

Want to read more?

Please log into your subscriber account.

Check out our subscription offers.
New subscribers receive over 130 articles in the 22 issues published each year, plus the last five years of issues (that’s over 1,200 articles) as a download link, which are fully searchable in PDF format.

Nilson Report

1272

October 2024

Headlines in this Issue

Charts in this Issue

Largest Merchant Acquirers Worldwide Based on Transactions in 2023

Market Shares of Purchase Transactions for the 150 Largest Merchant Acquirers

Largest 150 Merchant Acquirers Worldwide Ranked by Global and Domestic Card Brand Purchase Transactions in 2023

Market Shares of 4.52 Billion Payment Cards Shipped in 2023

Card Manufacturers, Payment Card Shipments in 2023

Visa and Mastercard Payment Card Shipments by Manufacturer 2023

UnionPay Payment Card Shipments by Manufacturer 2023

Other Payment Card Shipments by Manufacturer 2023

Other High Security Card Shipments by Manufacturer 2023

Total Household and Credit Card Debt 2005 – 2023

US Credit Card Debt and Consumer Credit from 1993 to 2023

Credit Card Debt as a Percentage of Consumer Credit 1983 through 2023

Spending, Transactions and Cards for Global Brands in the Middle East and Africa

Mentioned Companies:

Walmart Tests Instant Payments with Fiserv

Want to read more?

Newsletter

Nilson Report

1272

Our Promise.