Walmart is trying another tack to eliminate lines at cash registers by testing Check Out With Me, an approach enabling store employees to accept payments in store aisles.
Processing Content
In the lawn and garden departments at more than 350 stores across the U.S., Walmart associates may complete customers’ purchases on the spot using a mobile device that scans items, accepts card payments and prints receipts, Walmart said in a blog post. Customers enrolled in Walmart Pay may opt to receive an electronic receipt.
A Wal-Mart Stores Inc. location stands in Brasilia, Brazil, on Friday, Jan. 15, 2016. Wal-Mart Stores Inc. plans to close 269 stores, including its experimental small-format Express outlets, in a push to streamline the chain that will affect 16,000 jobs. The effort includes the closing of 60 money-losing stores in Brazil, a country where Wal-Mart has struggled. Photographer: Lula Marques/Bloomberg
Lula Marques/Bloomberg
The process aims to save customers time, Walmart said in the blog post.
The move underscores Walmart’s determination to streamline store operations with new technology.
Walmart has recently expanded the number of stores that support Scan & Go, a tool developed for its Sam's Club subsidiary enabling shoppers to scan their own items as they roam store aisles. Walmart shoppers in Arkansas, Texas and Florida can now scan items with Walmart’s mobile app or one of the store’s hand-held scanners and pay at a kiosk with a credit card or Walmart Pay, eliminating the need to unload and reload a shopping cart.
Last year Walmart began testing the use of robots in 50 stores to manage inventory by checking the number and price of items on store shelves.
Kate Fitzgerald is an Arizona-based senior editor for American Banker and longtime payments reporter. Fitzgerald began her journalism career at the... Read full bio
A new survey found artificial intelligence was a top compliance-related priority for 85% of firms responding, while cybersecurity was only a concern for 37%.
Digital lender Chime and Visa this week became the latest firms to cite AI as part of a downsizing. While bots usually aren't directly replacing workers, machine learning changes customer access to financial products in a way that's increasingly making some work less necessary.
Fincen's Andrea Gacki will join Citi as global head of sanctions, BBVA promoted Gonzalo Rodríguez to chief financial officer, HDFC Bank penalized three senior officials for their role in a controversial deposit arrangement, and more in this week's banking news roundup.
A recipe of no securities, mostly adjustable-rate loans and a cheap rural deposit base made the Texas bank the top performer in the $2 billion-$10 billion asset class.