Walmart and Capital One have reportedly settled a lawsuit centering on their former credit card partnership.
The case was dismissed Thursday (June 20) by a judge after the companies resolved their claims and counterclaims, Reuters reported Friday (June 21).
The terms of the settlement were not disclosed, according to the report.
Neither Walmart nor Capital One immediately replied to PYMNTS’ request for comment.
This report comes about a month after the two companies said in a May 24 joint press release that they ended their agreement in which Capital One was the exclusive issuer of Walmart Consumer Credit Cards.
The press release said that cardholders could continue to use their cards until informed otherwise, and that Capital One will retain ownership and servicing of the credit card accounts.
They introduced the Capital One Walmart Rewards Credit Card Program in 2019.
In April 2023, Walmart sued Capital One, seeking to end the credit card partnership and alleging that the bank failed to live up to its customer care standards.
The retailer’s suit said the bank missed the mark in a number of “critical” customer care categories, such as failing to promptly post transaction information to cardholders’ accounts, and not delivering replacement cards within five days.
Reached by PYMNTS at the time the suit was filed, a Capital One spokesperson called the suit an attempt by Walmart to renegotiate its existing partnership or end the deal prematurely.
“These immaterial servicing issues were cured by Capital One pursuant to the terms of the agreement, without harm to customers, the program or Walmart,” the spokesperson said.
In March, a federal judge ruled that Walmart could end its credit card partnership with Capital One early because the bank did not provide the level of service required by their agreement.
The judge ruled that “repeated customer service failures” allowed Walmart to end the partnership.
At the time of the March ruling, a Capital One spokesperson provided PYMNTS with an emailed statement saying, “We disagree with the court’s ruling and we are evaluating our appeal rights.”
Two months later came the May announcement that the two companies ended their agreement.
Articul8 has launched a family of GenAI models built to optimize supply chain, manufacturing and industrial process operations.
The new A8-SupplyChain models are domain-specific and have the deep contextual understanding needed to autonomously translate complex technical documentation into structured, actionable sequences, the company said in a Friday (April 4) press release.
“We built A8-SupplyChain specifically to tackle the problems that general-purpose GenAI can’t: delivering accurate, transparent and fully traceable reasoning through complex technical documentation and real-world workflows,” Articul8 Founder and CEO Arun Subramaniyan said in the release. “This is not just another model — it’s a fully autonomous system built specifically for mission-critical environments.”
The A8-SupplyChain models support complex enterprise production environments and platforms, including customers and partners, according to the release.
They can use unstructured data, including PDFs, engineering diagrams, maintenance logs, quality systems and structured tables, the release said.
Because they are trained on high-fidelity technical documentation, the models deliver AI-driven recommendations without extensive manual customization, per the release.
“With A8-SupplyChain, we’re giving aerospace and defense leaders something new: a fully orchestrated system that doesn’t just generate answers — it understands, adapts and drives outcomes,” Subramaniyan said in the release. “This is the next leap forward in enterprise AI — intelligent systems that operate at scale, with context, precision and trust built in.”
Enterprises are turning to AI to automate not just repetitive tasks but also more complex processes like compliance monitoring, fraud detection and supply chain optimization, PYMNTS reported in January.
Articul8 was established in January 2024 by Intel and DigitalBridge Group, which joined forces to create it as an independent company that provides enterprise customers with a secure and vertically optimized GenAI software platform.
The company’s platform enables business to harness the power of AI while keeping their data secure; offers a turnkey GenAI software platform that delivers speed, security and cost-efficiency to large enterprise customers; and supports a range of hybrid infrastructure alternatives, allowing customers to choose cloud, on-premises or hybrid deployment options.
Today, in addition to the new A8-SupplyChain, Articul8 offers domain-specific models for various industries, including energy and semiconductor, according to the Friday press release.
