What are my options for mobile pay?

Walmart is preparing to launch their own mobile pay app for Android and iOS instead of fully adopting one of the existing smartphone electronic payment systems.

Wal-Mart's new mobile payment systems works this way: Shoppers download the Walmart app at the cash register and then choose Wal-Mart Pay. Walmart Pay will be available on devices using Apple's iOS or Alphabet's Android operating system and allows payments with any major credit, debit, pre-paid or Walmart gift cards, the company said.

The system will be available at select stores starting this month, the release states. While the full USA rollout will not occur until the first half of 2016, I am a buyer of the stock on this news, as well as strong fundamentals. Almost half of Walmart's online orders over Thanksgiving weekend came from mobile devices, and customers in stores used the app at almost twice the rate they did during the same period previous year, Walmart executives said. Walmart Pay is the latest example - and a powerful addition - of how we are transforming the shopping experience by seamlessly connecting online, mobile and stores for the 140 million customers who shop with us weekly.

"Our longer-term concern is that the company's three main missions - commerce, apps, money transfer - increasingly narrow down to one, with money transfer being the best to exploit, and with the former two challenged by emerging entrants to the payments landscape", Cakmak wrote. It also comes several months after Google launched the Android Pay mobile wallet app and Samsung debuted Samsung Pay. Merchant Customer Exchange, or MCX, set up a few years ago by a consortium of retailers and restaurants to create an industrywide mobile payment system, is now testing its CurrentC wallet for iPhones and Android phones in Columbus, Ohio. Wal-Mart is finding it hard to compete with local grocers in some markets, which compelled it to scale back expansion plans for smaller stores.

"We are listening to the needs of the customer", said Eckert. After that, the consumer activates the camera on the app to scan the quick-read (QR) code on the reader after the first item is scanned by the cashier. You are then sent an e-receipt.

Samsung's system uses NFC as well but also has a backup system, The Associated Press reports: " The phone can mimic the old-school magnetic signals produced by card swipes and work with most existing equipment".

"When Apple released Apple Pay, the idea was that we're now moving forward with N.F.C., and that's the way all mobile payments will be transacted", said James Wester, a global payments expert at IDC Financial Insights. It will also allow for the integration of other payment options such as mobile wallets in the future.

What makes this system safe is that the card issuer generates a different card number, so the merchant never sees the real n umber of the card. With Wal-Mart Pay, the company says no card information is stored on the phone, but the real card number is still stored at what it says is a secure data center.

Scan: At any time during checkout, simply scan the code displayed at the register.