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The Wal-Mart Weekly: Meet Wal-Mart's new debit card. Now it's competing head-on with banks

Welcome to the 55th installment of The Wal-Mart Weekly, a column dedicated to bringing you insight, wit, facts, results, opinions, and just a bit of everything else when it comes down to a very hot topic these days: Wal-Mart.

In this week's Wal-Mart Weekly, I'll be looking at the entry (although indirect) of Wal-Mart Stores Inc. (NYSE: WMT) into the consumer banking industry. While it may seem a stretch to think that Wal-Mart's new debit card program is anything but a way to help consumers, it could be positioning the retailer as a new banking partner for many consumers as well as adding handsomely to the retailer's bottom line.

Continue reading The Wal-Mart Weekly: Meet Wal-Mart's new debit card. Now it's competing head-on with banks

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Last updated: February 11, 2012: 10:39 AM

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