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Walmart Pushes Digital Innovation During Investor Day

PYMNTS

Doug McMillon started his presentation for Walmart’s annual investor meeting in Bentonville, Arkansas by saying he wanted to “challenge your thinking about Walmart.” On a more amusing note, Walmart also shared with investors that it has managed to save $220 million by changing its lightbulbs and floor wax. “We

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What banks can learn from Wal-Mart

Chris Skinner

Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon? Even more astonishing, Lore and his management team in Hoboken, N.J., were put in charge of Wal-Mart’s entire domestic e-commerce operation, overseeing more than 15,000 employees in Silicon Valley, Boston, Omaha, and its home office in Arkansas.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. That seems like a lifetime in this business,” said Congressman French Hill of Arkansas. payments ecosystem.

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Walmart Names Ex-Amex Exec As Chief Customer Officer

PYMNTS

Prior to her new role, Whiteside worked for American Express for two decades in fields such as customer engagement and relationship management. While Whiteside will be based in Jet ’s home state of New Jersey, Messing will work out of Walmart’s hometown of Bentonville, Arkansas.

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Southern Bancorp is building wealth for everyone

Independent Banker

Darrin Williams, an attorney and former Arkansas state representative, wasn’t interested when Southern Bancorp, Inc. He cites findings from the Pew Charitable Trust that Americans who move out of the bottom quintile of poverty had greater savings, wealth and home equity than those who don’t manage to move up. By Judith Sears.

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Whole Paycheck Tracker: Amazon Goes Off The Charts; Walmart Announces Layoffs

PYMNTS

Among those numbers: Operating cash flow increased 42 percent to $51.2 Operating income increased to $5.8 What that means is that we can flex into space normally used for second-half peak demand, despite the strong operating leverage in Q2. Most likely, merchandise managers will buy for in-store and online inventory.

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Amazon Walmart Whole Paycheck Tracker: New Ventures And Expanding Priorities 

PYMNTS

The newest round of legal charges filed earlier this week (July 31) claim that Amazon managers told subordinates to use eBay’s private messaging service, which is meant for sellers and buyers to communicate, to try and recruit sellers from the platform. said in a news release. with California autonomous vehicle startup company Udelv.