The news: Walmart will roll out an enhanced pay-by-bank offering in 2025 through a partnership with Fiserv, per Bloomberg.
- The retailer currently offers pay-by-bank via Walmart Pay on Walmart.com. Transactions are processed through Automated Clearing House (ACH) and typically take three days to finalize.
- But through the Fiserv tie-up, transactions will be processed over Fiserv’s NOW network, which uses The Clearing House’s RTP network and the Federal Reserve’s FedNow Service.
With the new version, transactions will immediately show up in customers’ bank account balances, and Walmart will receive the funds instantly.