COF May 2024 143.000 call
- Fortune
This bank tested 90 uses for AI before choosing the top 2—and they benefit customer service and productivity
Bank CEOs see new vulnerabilities for cybersecurity, legal uncertainty, and prejudice from generative AI.
- Associated Press Finance
Walmart ends credit card partnership with Capital One, but shoppers can still use their cards
Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards. The companies said card-holders can still use their Capital One Walmart Rewards cards, which will continue to accrue rewards unless customers are notified of a change. Capital One will retain ownership and servicing of the credit card accounts.
- Barrons.com
Walmart and Capital One End Credit-Card Partnership
Capital One Financial will no longer be issuing Walmart’s branded credit cards, the companies said Friday. The move comes a little over a year since Walmart sued the card issuer to sever the partnership, arguing Capital One failed to meet certain terms of their contract. The bank had disputed the retailer’s authority to terminate the relationship early, but a federal judge ruled in favor of Walmart earlier this year.
