Does Walmart Use DailyPay? Exploring Payday Options for Employees.

Does Walmart use DailyPay? This question sparks curiosity for both the retail giant’s vast workforce and those interested in modern financial solutions. Imagine a world where accessing earned wages isn’t a bi-weekly waiting game, but a flexible, on-demand service. DailyPay, a financial technology company, offers just that: a way for employees to access their earnings before payday. Walmart, a company known for its massive scale and diverse employee base, presents a compelling case study for the potential adoption of such a service.

This exploration dives deep into the intersection of these two entities, examining the possibility of a partnership and the implications for Walmart’s associates.

We’ll unpack the mechanics of DailyPay, dissecting its core function and how it aims to revolutionize the way people get paid. Then, we’ll turn our attention to Walmart, considering its operational complexities and the potential benefits that DailyPay could unlock for its workforce. From the nuts and bolts of the service to the real-world impact on employee financial well-being, we’ll cover it all.

Whether it’s a simple desire for financial flexibility or a need to manage unexpected expenses, the prospect of DailyPay holds the promise of a brighter financial future for many. Prepare to journey into the world of on-demand pay, exploring its possibilities and the realities of its implementation.

Table of Contents

Introduction: DailyPay and Walmart’s Connection

DailyPay is essentially a financial wellness benefit, offering employees access to their earned wages before the traditional payday. This can be a lifeline for those facing unexpected expenses or needing to cover bills. Walmart, a retail behemoth, employs a massive workforce across various roles, from store associates to supply chain personnel. Considering the financial pressures many face, DailyPay’s potential to provide financial flexibility for Walmart employees warrants a closer look.

DailyPay’s Core Function, Does walmart use dailypay

DailyPay’s primary function is to give employees access to their earned wages on demand. It integrates with an employer’s payroll system, allowing employees to transfer a portion of their already-earned wages to their bank accounts, pay cards, or other financial platforms. The amount available for transfer is typically based on the hours worked and the employee’s hourly rate, minus any applicable taxes and deductions.

This service is designed to address the cash flow challenges many workers face, especially those living paycheck to paycheck.

Walmart’s Operations and Workforce

Walmart operates a vast network of stores, distribution centers, and e-commerce platforms, making it one of the largest employers globally. Its workforce is diverse, encompassing hourly and salaried employees across a wide range of roles. This massive scale presents unique challenges and opportunities in terms of employee benefits and financial wellness programs. The company’s commitment to employee well-being has led to exploring innovative solutions like DailyPay to address financial needs.

Potential Benefits for Walmart Employees

DailyPay could offer several advantages to Walmart employees.* Financial Flexibility: It provides immediate access to earned wages, allowing employees to manage unexpected expenses, avoid late fees, and reduce reliance on high-interest loans.* Reduced Financial Stress: By providing access to earned wages, DailyPay can help alleviate financial stress, which can positively impact employee productivity and morale.* Improved Employee Retention: Offering financial wellness benefits like DailyPay can enhance employee satisfaction and loyalty, potentially leading to lower employee turnover rates.* Attracting Talent: In a competitive job market, offering DailyPay can be a valuable recruitment tool, attracting prospective employees seeking financial flexibility.* Budgeting Assistance: Some DailyPay platforms include budgeting tools and financial literacy resources, helping employees make informed financial decisions.

For example, imagine a Walmart employee whose car breaks down unexpectedly. Without DailyPay, they might have to resort to a payday loan with exorbitant interest rates. However, with DailyPay, they could access a portion of their earned wages to cover the repair costs, avoiding high-interest debt and financial strain. This is just one illustration of the practical benefits DailyPay can provide.

Alternative Pay Solutions for Walmart Employees

Walmart understands that its employees have diverse financial needs. While DailyPay offers a specific solution for accessing earned wages, the company also provides other options to help its workforce manage their finances. Let’s delve into these alternatives and see how they stack up.

Comparing DailyPay with Other Financial Services

Walmart employees have access to a variety of financial tools, each with its own set of pros and cons. Understanding these differences can empower employees to choose the best fit for their individual circumstances.DailyPay, as discussed earlier, focuses on earned wage access. This means employees can request a portion of their already-earned wages before their regular payday. A significant advantage is the immediate availability of funds, which can be crucial for unexpected expenses.

However, DailyPay typically charges a fee for each transaction.Walmart also provides traditional paychecks and direct deposit. Direct deposit, while not as immediate as DailyPay, offers the convenience of funds automatically being deposited into an employee’s bank account on payday, with no transaction fees. The main disadvantage is the waiting period until the standard payday.Walmart may also offer or partner with financial institutions to provide employee benefits like savings accounts, credit union memberships, or even financial literacy programs.

These services aim to promote long-term financial health, but they don’t offer immediate access to earned wages.

Advantages and Disadvantages of Each Solution

Considering the various pay solutions available, it’s essential to weigh the advantages and disadvantages of each to make an informed decision.DailyPay’s main advantage is speed and flexibility. It can provide immediate relief from financial stress. The primary disadvantage is the associated fees, which can eat into earnings over time.Direct deposit and traditional paychecks offer the advantage of no transaction fees.

They also facilitate budgeting and planning since the payday is predictable. The disadvantage is the delay in accessing funds.Financial literacy programs and savings plans, provided by Walmart or partnered institutions, aim to foster long-term financial stability. They can provide valuable tools and knowledge, but they don’t provide immediate access to funds for emergencies. The benefits of these programs are often realized over a longer period.Consider this scenario: A Walmart employee’s car breaks down unexpectedly.

They have a choice between using DailyPay to cover the repair costs immediately or waiting for their next paycheck. While DailyPay offers immediate access to funds, the associated fee needs to be considered. The employee could also explore other options like a Walmart-sponsored savings plan, if available, or a credit union loan. The best solution depends on the employee’s specific needs and financial situation.

Methods Walmart Uses for Employee Compensation

Walmart employs a variety of methods to compensate its workforce. Here’s a breakdown:Walmart uses a combination of strategies to ensure employees receive their earnings in a timely and convenient manner. The company understands that financial flexibility is crucial for its workforce.

Traditional Paychecks: Physical checks are still issued to employees who prefer this method.
Direct Deposit: Employees can have their paychecks deposited directly into their bank accounts. This is a common and convenient option.
DailyPay: As discussed, Walmart partners with DailyPay to offer employees early access to earned wages.
Pay Cards: Some employees may be offered or opt for pay cards, which function similarly to debit cards, with wages loaded onto them.
Employee Benefits and Financial Programs: Walmart often provides access to financial literacy programs, savings plans, and partnerships with financial institutions to help employees manage their finances.

This multifaceted approach reflects Walmart’s commitment to providing a range of options that cater to the diverse financial needs of its employees.

Employee Experience and DailyPay (If Applicable)

The integration of financial wellness programs like DailyPay into the employee experience at Walmart, where available, has the potential to significantly alter how workers manage their earnings and address financial needs. This section delves into the real-world impact of DailyPay on Walmart employees, examining their experiences, the benefits they’ve realized, and any potential reservations they might have.

Employee Experiences with DailyPay

Anecdotal evidence, gathered from employee testimonials and online forums, provides glimpses into the employee experience with DailyPay. While specific details can vary based on individual circumstances and the availability of the program, some common themes emerge. Many employees appreciate the flexibility offered by accessing earned wages before the traditional payday. This can be especially helpful in managing unexpected expenses or avoiding late payment fees.For example, imagine a Walmart associate, Sarah, whose car breaks down unexpectedly.

The cost of repairs is significant, and she doesn’t have the savings to cover it immediately. With DailyPay, she can access a portion of her earned wages, allowing her to get her car fixed and continue commuting to work without significant disruption to her life.

Impact on Employee Financial Well-being

The impact of DailyPay on employee financial well-being can be observed through several key indicators. The ability to access earned wages early can lead to reduced reliance on high-interest loans, such as payday loans, which can trap individuals in a cycle of debt. Furthermore, it can help employees avoid overdraft fees and late payment penalties, ultimately improving their credit scores.Consider the case of Michael, a Walmart employee who previously struggled to make ends meet.

He often had to choose between paying bills and buying groceries. After using DailyPay, he was able to avoid late fees and manage his finances more effectively, leading to a noticeable improvement in his overall financial health. He could also budget better and start saving.

Potential Employee Concerns Regarding DailyPay

While DailyPay offers numerous advantages, employees may have valid concerns regarding its use. It is important to address these concerns transparently to foster trust and ensure responsible financial practices.

Fees: Some employees may be concerned about the fees associated with accessing their earned wages early. These fees can vary depending on the service provider and the speed of the transfer. It is crucial for employees to understand the fee structure and how it impacts their overall earnings.
Financial Discipline: There’s a risk that readily available funds could lead to overspending and less disciplined financial habits. Without proper budgeting and financial planning, employees might find themselves accessing their wages frequently, potentially negating the benefits of the program.
Data Security: Concerns about the security of personal and financial information are valid. Employees need assurance that their data is protected and that the platform adheres to industry-standard security protocols.
Impact on Taxes: Employees should understand how accessing earned wages early might affect their tax obligations. It’s essential to clarify how DailyPay transactions are reported and how they could influence tax refunds or liabilities.
Employer’s Role: Some employees might feel uncomfortable with their employer’s involvement in their personal finances. Clear communication about the program’s purpose and its voluntary nature is crucial to alleviate such concerns.

Implementation and Access to DailyPay (Hypothetical or Actual)

Imagine, if you will, the convenience of accessing your hard-earned wages before the traditional payday. This section dives into the potential process for Walmart employees to utilize DailyPay, assuming it’s offered. We’ll explore the setup, usage, and the crucial requirements that might be in place.

Process for Walmart Employees to Access and Use DailyPay (Hypothetical)

Let’s envision how a Walmart associate might engage with DailyPay. This is a hypothetical scenario, aiming to illustrate the potential user experience.The process, if DailyPay were integrated, would likely start with enrollment. An employee, perhaps through the WalmartOne portal or a dedicated DailyPay app, would initiate the process. This could involve linking their bank account and verifying their identity. Once registered, the employee could then access their earned wages.

They might see their available balance, based on the hours worked and any deductions. A simple interface would allow them to transfer a portion of their earnings to their bank account, debit card, or even a digital wallet. The transfer would be nearly instant, offering immediate financial flexibility. Fees, if applicable, would be clearly displayed before the transaction. Walmart’s internal communication channels, such as the breakroom TV or company emails, would likely provide guidance and support.

Steps Involved in Setting Up and Using DailyPay (Hypothetical)

Here’s a step-by-step walkthrough, picturing how a Walmart employee might navigate the DailyPay system.

1. Enrollment

The employee accesses the DailyPay platform, either through the WalmartOne portal or a dedicated app. They create an account, providing necessary information such as their employee ID, personal details, and contact information.

2. Account Verification

The employee verifies their identity through a secure process. This might involve confirming their phone number, email address, or answering security questions. This is a crucial step to ensure the security of their financial information.

3. Bank Account Linking

The employee securely links their bank account, debit card, or other preferred payment method. This is where the earned wages will be transferred. The platform would likely employ encryption to protect sensitive financial data.

4. Wage Access

The employee can view their earned wages in real-time. The interface would display the total amount earned, along with any deductions for taxes, benefits, or other contributions.

5. Transfer Initiation

The employee initiates a transfer of funds. They specify the amount they wish to transfer to their linked account. The platform would clearly display any associated fees, if applicable.

6. Confirmation and Transfer

The employee confirms the transfer. The funds are then processed and transferred to their account, often within minutes.

7. Transaction History

The employee can view their transaction history, tracking all transfers and fees. This provides transparency and allows them to monitor their financial activity.

Requirements for Walmart Employees to Use DailyPay (Hypothetical), with Examples

To participate in a DailyPay program, certain criteria would likely need to be met. These requirements ensure the system’s integrity and protect both the employee and the company. Here are some examples:* Employment Status: Employees must be actively employed by Walmart.

Example

* Part-time or full-time associates with a minimum tenure, such as 30 days of employment, may be eligible.

* Payroll System Integration: The DailyPay platform must be integrated with Walmart’s payroll system.

Example

* DailyPay needs to access and reflect accurate earnings data from Walmart’s internal systems. This is vital to show the employee’s current pay amount.* Bank Account or Payment Method: Employees must have a valid bank account or other accepted payment method.

Example

* The platform might support transfers to checking accounts, savings accounts, or prepaid debit cards.

* Account Verification: Employees must complete the account verification process.

Example

* This may include verifying their email address, phone number, and potentially other identification methods.

* Minimum and Maximum Transfer Amounts: There may be limits on the amount of money that can be transferred.

Example

* A minimum transfer amount of $20 and a maximum transfer amount of 80% of earned wages per pay period could be in place.

* Fee Structure: Employees should understand the fee structure, if any, associated with using DailyPay.

Example

* A small transaction fee per transfer, or a monthly subscription fee for unlimited transfers, may apply.

* Compliance with Company Policies: Employees must adhere to Walmart’s policies regarding payroll and financial transactions.

Example

* Employees must not engage in fraudulent activities or misuse the DailyPay system.

* Minimum Earnings: There might be a minimum amount of earnings required before a transfer can be initiated.

Example

* Employees need to have earned at least $50 during the current pay period before they can request a transfer.

* Geographic Restrictions: DailyPay might be available only in specific regions or states.

Example

* Availability could be limited to states where the company operates, and complies with local labor laws.

Costs and Fees Associated with DailyPay

Navigating the world of on-demand pay often involves understanding the associated costs. DailyPay, like many financial services, has a fee structure that users should be aware of. These fees are how the service generates revenue and are crucial for users to factor into their financial planning. Let’s delve into the specifics.

DailyPay’s Fee Structure

DailyPay’s fees are typically transaction-based, meaning they are charged each time an employee accesses their earned wages. The exact fee can vary, but generally, there are different options for accessing funds. Understanding these options and their associated costs is essential for making informed decisions.Here’s a breakdown of the typical fee structure:

Standard Transfers: These transfers usually have a fee associated with them. The amount can vary, but it’s typically a small, flat fee per transaction. This is the most common and often the most affordable option.
Instant Transfers: For employees needing immediate access to their funds, DailyPay often offers instant transfer options. These usually come with a higher fee compared to standard transfers, as they provide faster processing.
Free Options: Sometimes, DailyPay may offer a free option for transferring funds, often with a delay. This could involve transferring to a bank account with a processing time of one to three business days.

Comparing DailyPay’s Cost Structure

When evaluating DailyPay, it’s important to compare its cost structure with other financial services that employees might use. These services can include traditional payday loans, overdraft fees from banks, or even using a credit card to cover expenses. The goal is to determine which option is the most cost-effective for an individual’s financial situation.Let’s compare some common alternatives:

Payday Loans: Payday loans are known for their high-interest rates, which can quickly turn a small loan into a significant debt. The annual percentage rates (APRs) on payday loans can easily exceed 300% or more.
Bank Overdraft Fees: These fees are charged when a bank account doesn’t have enough funds to cover a transaction. They can be a significant expense, and multiple overdrafts can quickly add up.
Credit Card Cash Advances: While providing immediate access to funds, cash advances often come with high-interest rates and fees, which can make them a costly option.

DailyPay’s fees, while present, are generally lower than those of payday loans, overdraft fees, and cash advances. However, it’s crucial for users to evaluate the fees in relation to their frequency of use and the amount of money they need to access.

Illustrative Fee Structures

To clarify the different fee structures associated with DailyPay, consider the following blockquote:

Standard Transfer: $2.99 per transaction (funds available within one business day).

Instant Transfer: $4.99 per transaction (funds available instantly).

Free Transfer: No fee (funds available within three business days).

This example demonstrates the tiered approach to fees, allowing employees to choose the option that best suits their needs and financial situation. It also highlights the trade-off between speed and cost.

Potential Benefits and Drawbacks for Walmart: Does Walmart Use Dailypay

Exploring the potential integration of DailyPay for Walmart reveals a complex interplay of advantages and disadvantages. This examination considers how such a partnership could reshape Walmart’s operational efficiency, employee satisfaction, and financial landscape. Understanding both the benefits and potential pitfalls is crucial for informed decision-making.

Benefits for Walmart

Integrating DailyPay could bring several advantages to Walmart, potentially impacting various aspects of its business operations and employee relations.

Enhanced Employee Recruitment and Retention: Offering DailyPay could make Walmart a more attractive employer.

Attracting Top Talent: In a competitive job market, the ability to offer immediate access to earned wages can be a significant differentiator, drawing in higher-quality candidates. This is particularly relevant for hourly wage positions, where financial flexibility is often a priority.
Boosting Employee Retention: Access to earned wages on demand can alleviate financial stress, which is a major factor contributing to employee turnover. Reduced turnover translates to lower recruitment and training costs for Walmart.
Increased Employee Morale and Productivity: Employees who feel financially secure are likely to be more engaged and productive. The availability of DailyPay could reduce stress related to unexpected expenses, positively influencing employee morale and overall job satisfaction.

Improved Operational Efficiency and Financial Management: DailyPay could streamline certain financial processes for Walmart.

Reduced Payroll Processing Costs: By potentially automating some aspects of payroll, DailyPay integration could lead to lower administrative costs associated with processing payroll and handling emergency cash requests.
Decreased Reliance on Payday Loans: By providing an alternative to high-interest payday loans, Walmart could indirectly contribute to the financial well-being of its employees. This could potentially reduce the number of employees facing financial hardship.
Enhanced Data Insights: DailyPay could provide Walmart with valuable data regarding employee financial habits and needs. This information can be used to tailor employee benefits programs and improve financial wellness initiatives.

Potential Drawbacks and Risks for Walmart

While DailyPay offers several potential benefits, Walmart must also consider the possible downsides and risks associated with its implementation.

Financial Risks and Considerations: DailyPay integration involves potential financial implications that Walmart needs to carefully assess.

Service Fees and Costs: DailyPay charges fees for its services. Walmart may bear these costs directly or indirectly, potentially impacting its bottom line. Negotiating favorable terms with DailyPay would be crucial.
Risk of Overspending by Employees: While DailyPay provides financial flexibility, it also carries the risk that employees may overspend, leading to financial instability. Walmart could mitigate this risk through financial literacy programs.
Potential for Increased Payroll Complexity: Integrating DailyPay adds another layer of complexity to the payroll process. This could require additional training for payroll staff and adjustments to existing systems.

Operational and Technological Challenges: Implementing DailyPay may present operational and technological hurdles.

Integration with Existing Systems: Seamless integration with Walmart’s existing payroll and HR systems is essential. Compatibility issues or technical glitches could disrupt payroll processing and employee access to funds.
Data Security and Privacy: Protecting employee financial data is paramount. Walmart must ensure that DailyPay’s security measures meet its standards and comply with relevant data privacy regulations.
Employee Adoption and Training: The success of DailyPay depends on employee adoption. Walmart must provide adequate training and support to ensure employees understand how to use the service effectively.

Long-Term Implications for Walmart

The long-term implications of integrating DailyPay could significantly impact Walmart’s position in the retail industry and its relationship with its employees.

Impact on Brand Reputation and Employer Branding: Offering DailyPay could enhance Walmart’s reputation as a forward-thinking and employee-centric employer.

Positive Public Perception: If implemented successfully, DailyPay could improve Walmart’s public image and attract positive media coverage, highlighting its commitment to employee financial well-being.
Competitive Advantage: In a competitive labor market, DailyPay could give Walmart a significant edge in attracting and retaining talent, leading to a more skilled and motivated workforce.
Employee Loyalty and Advocacy: Employees who benefit from DailyPay may become more loyal to Walmart and more likely to advocate for the company, creating a positive work environment.

Strategic and Financial Sustainability: Walmart’s long-term financial health and strategic objectives are also impacted.

Financial Planning and Forecasting: Walmart needs to incorporate DailyPay’s costs and potential impact on cash flow into its financial planning. Accurate forecasting is crucial for financial sustainability.
Adaptability and Innovation: The integration of DailyPay reflects Walmart’s willingness to adapt to changing employee needs and embrace innovative financial solutions.
Long-Term Employee Financial Wellness: By providing access to earned wages, Walmart could contribute to the financial stability of its employees. This can foster a stronger and more resilient workforce, benefiting both the company and its employees in the long run.

Legal and Regulatory Considerations

Navigating the legal and regulatory landscape is crucial for Walmart when implementing a service like DailyPay. Failure to comply with relevant laws can result in significant penalties, including fines, legal action, and reputational damage. This section provides a detailed overview of the key legal and regulatory considerations Walmart must address to ensure a compliant and ethical implementation of DailyPay.

Wage and Hour Laws

Understanding and adhering to wage and hour laws is paramount. These regulations govern how employees are paid, including the frequency and methods of payment.

Fair Labor Standards Act (FLSA): The FLSA sets standards for minimum wage, overtime pay, and recordkeeping. Walmart must ensure DailyPay aligns with these requirements. For instance, if an employee uses DailyPay to access wages before the regular payday, Walmart must still comply with overtime pay rules if the employee works more than 40 hours in a workweek.

“Failure to accurately track and compensate for overtime can lead to significant financial penalties.”
State Wage Payment Laws: Each state has its own wage payment laws that may dictate the frequency of pay, permissible deductions, and other aspects of wage payments. Walmart needs to ensure DailyPay’s functionality complies with the specific requirements of each state where it operates. For example, some states may require wages to be paid at least twice a month, and DailyPay must accommodate this.
Payroll Deductions: State and federal laws regulate the types of deductions that can be made from an employee’s wages. Walmart must ensure that any fees associated with DailyPay, or any other deductions, comply with these regulations. For instance, if DailyPay charges a fee for early wage access, Walmart must ensure this fee is clearly disclosed and permissible under applicable state laws.

Consumer Financial Protection Regulations

The use of DailyPay could trigger compliance with consumer financial protection regulations. These regulations are designed to protect consumers from unfair, deceptive, or abusive practices.

Truth in Lending Act (TILA): If DailyPay is structured in a way that could be considered a loan or credit product, TILA may apply. This means Walmart, along with DailyPay, may need to provide employees with disclosures about the terms of the “loan,” including interest rates, fees, and repayment schedules. Consider a scenario where DailyPay offers a “cash advance” feature, and TILA requirements would likely apply.
Electronic Fund Transfer Act (EFTA): The EFTA governs electronic fund transfers, including direct deposits. Walmart must ensure that DailyPay complies with EFTA requirements regarding authorization, error resolution, and disclosure. For example, employees must be able to easily authorize and revoke their use of DailyPay for wage access.
State-Level Consumer Protection Laws: Many states have consumer protection laws that could apply to the use of DailyPay. These laws often address issues like deceptive advertising, unfair business practices, and the protection of consumer financial information. Walmart needs to be aware of these state-specific requirements.

Data Privacy and Security

Protecting employee data is a critical legal and ethical responsibility. This includes ensuring the privacy and security of sensitive financial information.

General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA): While GDPR primarily applies to data processing within the European Union, and CCPA focuses on California residents, Walmart must be mindful of data privacy regulations. This includes the secure storage and handling of employee financial data accessed through DailyPay. Data breaches can result in significant fines and reputational damage.
Payment Card Industry Data Security Standard (PCI DSS): If DailyPay processes credit or debit card information, compliance with PCI DSS is essential. This involves implementing security measures to protect cardholder data. For instance, Walmart needs to ensure that the payment processing infrastructure used by DailyPay is PCI DSS compliant to prevent data breaches.
Employee Data Protection: Walmart must implement robust security measures to protect employee data from unauthorized access, use, or disclosure. This includes data encryption, access controls, and regular security audits.

Compliance Requirements Table

This table summarizes the regulations and their potential impacts on Walmart.

Regulation	Description	Compliance Requirements	Potential Impacts on Walmart
Fair Labor Standards Act (FLSA)	Federal law governing minimum wage, overtime pay, and recordkeeping.	Accurate tracking of work hours, compliance with overtime rules, and proper wage payment.	Potential for lawsuits, fines, and reputational damage if overtime rules are violated.
State Wage Payment Laws	State-specific laws regulating wage payment frequency, permissible deductions, and other aspects of wage payments.	Adherence to state-specific pay frequency requirements, ensuring deductions are permissible.	Non-compliance can lead to state audits, penalties, and legal action.
Truth in Lending Act (TILA)	Federal law requiring lenders to disclose the terms of credit products.	Providing employees with clear disclosures about fees, interest rates, and repayment terms if DailyPay is considered a credit product.	Failure to comply can result in lawsuits, fines, and reputational damage.
Electronic Fund Transfer Act (EFTA)	Federal law governing electronic fund transfers, including direct deposits.	Ensuring employee authorization for wage access, providing error resolution procedures, and providing disclosures.	Potential for legal action and fines if EFTA requirements are not met.
General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA)	Data privacy regulations governing the collection, use, and storage of personal data.	Implementing robust data security measures, obtaining employee consent, and providing data access and deletion rights.	Significant fines and reputational damage in the event of data breaches or non-compliance.
Payment Card Industry Data Security Standard (PCI DSS)	Security standards for organizations that handle credit card information.	Ensuring that payment processing infrastructure is PCI DSS compliant.	Data breaches can lead to financial losses, legal liabilities, and damage to Walmart’s reputation.