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Wal-Mart moving into banking.(front page)(Brief Article)

Business Credit

| March 01, 2005 | COPYRIGHT 2005 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Wal-Mart's partnerships and in-store financial services are giving the financial services industry jitters. Despite being twice thwarted by lawmakers in its efforts to buy a bank, it has quietly but tenaciously expanded its foothold in financial services. In its latest move, the retailing giant is introducing a no-fee Wal-Mart Discover credit card that offers 1% cash back, which it will ...

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