Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Walmart Pay

Cryptocurrency

Braintree Adds Apple Pay and Android Pay in Australia

Like Apple Pay, Android Pay still has not cracked the hardest barrier of all big U.S. retailers.

Almost no major U.S. retail brands appear in the Where to Use Android Pay page at the app’s website. Such behemoths as Walmart, Amazon, Kroger, Home Depot, Lowes, CVS, Burger King, Safeway, and Target are conspicuously absent from the list. The same sorry situation is repeated at Apple Pay, where almost all the big names in U.S. retail are conspicuously absent.

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Cryptocurrency

Apple Pay can be hacked

It is possible for hackers to steal the Apple Pay “payment token” using public Wi-Fi or a fake Wi-Fi hotspot that asks users to create a profile. In other they can crack Apple Pay by using a time tested hacking tactic called Wardriving.

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Grocery Wars

Chase buys CurrentC

Chase apparently plans to fold Current C into its digital wallet Chase Pay, Business Insider reported. Chase Pay is accepted only at Starbucks and Best Buy right now, but Walmart has plans to start taking it sometime this year. That will give Chase an advantage over Apple Pay and Android Pay, which Walmart refuses to take.

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Grocery Wars

Best Grocery Hacks for 2017

Use Kroger ClickList. Many Kroger supermarkets now offer ClickList a service that lets you order items online then pick them up at curbside. The big advantage to click list is that Kroger’s employees will do the shopping for you. All you to do is to pay and pick it up.

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Grocery Wars

The Retail Jobs Apocalypse is here

Hundreds of thousands of retail jobs are vanishing before our eyes.

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Opportunities

Microsoft Reveals its Answer to Apple Pay

So far you can only access Visa (NYSE: V) and MasterCard (MA) through Microsoft Wallet. American Express and Discover are not mentioned at its website. Just eight banks are mentioned but only two major US banks accept it; Bank of America and US Bank. One major Canadian Bank TD Bank is also mentioned at the website. Chase is listed there as coming soon

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Opportunities

Apple Pay can Change your Mind and India

Electronic payment methods like credit cards do involve an obvious physical loss so they lead to less psychological pain. That’s one reason why banks like payment apps; they might lead to more overdraft fees and interest payments and more profits for banks. It’s also why Walmart (NYSE: WMT) was so quick to roll out Walmart Pay, to get people buying more.

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Grocery Wars

Walmart Brings Blockchain to the Grocery Store

If Walmart can roll out the world’s first blockchain-based inventory system it would be able to greatly reduce costs. That would make the company more efficient and ease the integration of online retail and brick and mortar stores.

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Market Wisdom

Capital One Consumer Finance Comes Back or Does It?

Another lesson we can infer here is the big growth in online banking is going to established players like Capital One, and not to upstarts such as Bank of Internet (NASDAQ: BOFI). That makes Capital One a good growth stock in financial services and fintech, but is it a good investment?

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Long Ideas

Why Walmart is a Great Contrarian Play

A Walmart press release stated that use of the app increased by 45% during its first week of use. Walmart Pay is a potential cash cow because Ant Financial; the Alibaba Holdings’ (NYSE: BABA) spinoff that operates Ali Pay, has an estimated value of $60 billion.

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