Wal-Mart could revolutionize the banking sector

01/27/2005 | Bloomberg Businessweek

Although Wal-Mart has not yet been able to purchase a bank, the retail giant recently got its foot in the finance door with the unveiling of a 1% cash-back, no-fee Wal-Mart Discover credit card. "Wal-Mart is giving people in lower-income brackets opportunities in financial services they never had before," one consultant said.

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