{"id":25,"date":"2011-11-07T20:16:40","date_gmt":"2011-11-08T03:16:40","guid":{"rendered":"https:\/\/blogs.ubc.ca\/madimcd\/?p=25"},"modified":"2011-11-23T23:59:06","modified_gmt":"2011-11-24T06:59:06","slug":"wal-marts-money-center-is-it-getting-to-be-too-much","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/madimcd\/2011\/11\/07\/wal-marts-money-center-is-it-getting-to-be-too-much\/","title":{"rendered":"Wal-Mart&#8217;s Money Center: is it getting to be too much?"},"content":{"rendered":"<p><a href=\"https:\/\/blogs.ubc.ca\/madimcd\/files\/2011\/11\/Walmart1-articleLarge1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30\" title=\"Money Center\" src=\"https:\/\/blogs.ubc.ca\/madimcd\/files\/2011\/11\/Walmart1-articleLarge1.jpg\" alt=\"\" width=\"600\" height=\"365\" srcset=\"https:\/\/blogs.ubc.ca\/madimcd\/files\/2011\/11\/Walmart1-articleLarge1.jpg 600w, https:\/\/blogs.ubc.ca\/madimcd\/files\/2011\/11\/Walmart1-articleLarge1-300x182.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>A <a href=\"http:\/\/www.nytimes.com\/2011\/11\/08\/business\/wal-mart-benefits-from-anger-over-banking-fees.html?pagewanted=1&amp;_r=1&amp;ref=business\">New York Times article<\/a>, reveals the new venture into the money market being made by consumer giant Wal-Mart. The bank&#8217;s customers are complaining of high costs and nickel and diming fees that are no longer making it worthwhile to have a bank account. Ans who is providing the alternative? Wal-Mart. Offering cheque cashing and other banking transfers at a lower cost, Wal-Mart is begin to gain on the market previously controlled by cheque cashing stores.<\/p>\n<p>\u201cWe\u2019re not a bank, but we can serve a lot of types of functions you would see someone go into a bank for.\u201d says Daniel Eckert, the head of Wal-Mart Financial Services. Here Wal-Mart is essentially doing what it has done and will continue to do with every other product: offer them at lower prices than its competitors. This will cause them to increase their portion of the market share by making it impossible for others to compete.<\/p>\n<p>Wal-Mart has become the &#8220;everything for cheaper&#8221; store. From diapers, to tires, and now financial services, you can expect to find it at Wal-Mart for less. What&#8217;s next?<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A New York Times article, reveals the new venture into the money market being made by consumer giant Wal-Mart. The bank&#8217;s customers are complaining of high costs and nickel and diming fees that are no longer making it worthwhile to have a bank account. Ans who is providing the alternative? Wal-Mart. Offering cheque cashing and [&hellip;]<\/p>\n","protected":false},"author":9280,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/posts\/25","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/users\/9280"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/comments?post=25"}],"version-history":[{"count":5,"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/posts\/25\/revisions"}],"predecessor-version":[{"id":46,"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/posts\/25\/revisions\/46"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/media?parent=25"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/categories?post=25"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/madimcd\/wp-json\/wp\/v2\/tags?post=25"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}