Walmart and InComm Payments, a leading payments technology company, are poised to make it more convenient and efficient for millions of customers to pay their bills or fund prepaid accounts at more than 4,700 Walmart locations, through VanillaDirect.
The companies noted that bringing this service to Walmart stores creates additional convenience for Walmart shoppers by allowing them to quickly and easily pay bills or fund accounts in the InComm Payments VanillaDirect network, which includes more than 15,000 billers and account providers across a variety of sectors, such as utility, telecommunication, tolling, banking, rental companies and insurance providers.
The offering adds to the retailer’s already extensive financial services and shows Walmart’s continued commitment to serving un- and under-banked customers, the company said.
“We know our customers are busy. We’re excited to bring to life a new service that helps make the monthly chore of paying bills faster and easier at Walmart,” said Julia Unger, vice president of Financial Services at Walmart. “We continue to be committed to providing our customers valuable and efficient services to help them manage their finances.”
Consumers can pay bills and fund a variety of account types at Walmart’s customer service desk or Walmart Money Center by scanning a barcode tied to their account (either via a paper copy or digitally on their mobile device) and completing their payment with cash. Funds are then transferred electronically through a single consolidated settlement.
“This solution is another important milestone in our longstanding relationship with Walmart and our pursuit to provide their customers with leading-edge products and services," said Stefan Happ, president of InComm Payments. “VanillaDirect is an excellent addition to Walmart’s payment options that provides their cash-centric customer with a new, convenient and easy-to-use method for paying bills and funding the accounts that support their everyday lives.”