Summary: At $485.9 billion in revenue last year alone, WalMart is by far and away the world’s largest retailer. Founded in 1962 in Rogers, Arkansas by a man named Sam Walton, WalMart has since grown into a titan of the retail industry, making numbers that are simple incredible. Its 4,672 retail locations in the United States make up 699 million square feet of retail space. Walmart employs 1.5 million Americans and 2.3 million people worldwide. Recently, WalMart has been making notable advancements through mobile order ahead, cross-border payments, grocery delivery and ecommerce. Joining the show this week on Transaction Trends is Redd Luhtanen, Senior Director of Global Treasury at WalMart. Reed has responsibility for Walmart’s payments-related public policy and public relations initiatives. Along with an internal leadership team, Reed is also responsible for establishing Walmart’s payments acceptance strategies. With billions of dollars flowing through WalMart’s systems every day, Reed oversees a payments technology operation at an unrivaled scale. Listen on for an exclusive look into how Walmart, the nation's largest and most influential retailer, thinks about payments technology.
