Today In Payments: Walmart+ Launches Prescription Savings Program; Biometrics Security Startup CLEAR Filing IPO

Today in Payments

In today’s top news, Walmart+ has launched a prescription savings program for members, and CLEAR has filed for an IPO for its biometrics security platform. Plus, Klarna has rolled out virtual cards to let users pay in interest-free installments at any store in the U.K.

Walmart+ Launches Prescription Savings Program For Members

Walmart+ is rolling out a new members-only prescription savings program that offers low-cost and no-cost medications for everything from allergies and antibiotics to high blood pressure, mental health, and more.

Biometrics Airport Security Startup CLEAR Filing IPO

CLEAR has filed its S-1 with the SEC, giving insight into how the platform model can drive a number of use cases for biometrics. Getting critical mass for its subscriptions will be, well, critical, as economies reopen and crowds gather.

Klarna Virtual Cards Allow Interest-Free Shopping Across UK

Klarna users can now buy products on credit interest-free from any online merchant, even if the retailer not partnered with the Swedish buy now, pay later (BNPL) firm. Klarna’s Pay in 3 option lets users create a one-time virtual debit card issued by Klarna and that works over card rails, covering the cost of the purchase.

Apple’s WWDC Puts App Store, Services In the Spotlight

Fresh off its trial against Epic Games, and with new privacy rules taking effect, Apple’s relationship with developers (and their apps, of course) is likely to take center stage at the tech giant’s annual Worldwide Developer’s Conference. The connected economy, or at least Apple’s corner of it, may hang in the balance.

Issuers Use Crypto-Enabled Debit Cards To Reach New Consumers, Markets

Cryptocurrency payments are gaining traction with global consumers who want to spend their crypto at any merchant. In this month’s Next-Gen Debit Tracker, Pavel Matveev, CEO of digital payment platform Wirex, discusses how offering crypto-enabled debit cards can help issuers get in on the action and break into new markets worldwide.

To Win the War on Fraud, FIs Must Become FPs (Financial Protectors)

With digital transactions and fraud rising in tandem, Dena Hamilton, senior vice president of global product management at Featurespace, tells PYMNTS that banks and issuers must become financial protectors, protecting consumers before and after attacks.

Stitch Fix CEO: We Are Purpose-Built For Apparel Retail’s Digital Pivot

Stitch Fix reported better than expected earnings for the second quarter, recording over 4.1million active clients and $535 in revenue. Meanwhile, the company is getting ready to ramp up phase two of its business, which will go from hand-picked outfit service to full-fledged apparel retailer.