News

Walmart expands payment partnership

BY DSN STAFF
As the battle between Walmart Canada and Visa over interchange rates rages on, Walmart Stores is making more strategic moves with Chase. 
 
Walmart will now process credit and debit payments on ChaseNet, the bank's closed-loop network, across its 5,000-plus Walmart and Sam’s Club locations in the United States, and on the Sam’s Club e-commerce site. Chase already processes payments for Walmart’s e-commerce channel.
 
Through the partnership, Walmart will have guaranteed, fixed-rate pricing for Chase Visa credit and debit payments processed during the term of the contract. The retailer declined to share the contract’s timeframe.
 
“Engaging Chase with a direct processing relationship has been a priority for Walmart for some time,” said Mike Cook, Walmart’s SVP and assistant treasurer. “Walmart is always looking for innovative ways to improve the payment experience, and save time and money for our customers, while also creating competition in the payments industry.”
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

CVS Health approves quarterly dividend

BY Michael Johnsen

WOONSOCKET, R.I. – CVS Health on Thursday announced that its board of directors has approved a quarterly dividend of 42.5 cents per share on the corporation's common stock.

The dividend represents a 21.4% increase as compared to the quarterly dividend of 35 cents per share approved one year ago.

The dividend is payable on Nov. 3, 2016, to holders of record on Oct. 24, 2016.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

CVS Health expands Curbside pick-up service to 4,000 locations

BY Michael Johnsen

WOONSOCKET, R.I. —  CVS Health will be offering curbside pickup through its partnership with Curbside at more than 4,000 locations beginning Monday, following a successful pilot launch across  San Francisco, Charlotte, North Carolina and Atlanta, according to reports.

"The response and adoption of CVS Curbside from our customers has been very positive," Brian Tilzer, CVS Health SVP and chief digital officer, told Drug Store News. "We operate on a customer-first mentality so our innovations are focused on adding value and creating convenience for our customers," he said. "We actually saw CVS Curbside as an added convenience and way to create more visits to our store. Through our pilot testing, we found that on average, basket purchases were larger through online delivery and Curbside pick-up vs. in-store."

Through the Curbside service, customers can submit an order through their CVS app. CVS will send a text when the order is ready, which is usually within the hour. An employee then meets the customer at the curb with the order in hand.

According to reports, CVS Health realized a higher rate of repeat purchases through the Curbisde pilot than through regular buy-online and pick-up-in-store options.
 
CVS Health first announced its partnership with, and investment in, Curbside in April.

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?