
Walmart's acquisition of the neobank One in 2022 has led to a significant increase in fraud complaints and negative customer reviews. The retailer, which has long aspired to become a financial powerhouse, valued the new venture at $3.67 billion. Despite the potential financial benefits, the acquisition has made it easier for scammers to compromise accounts, particularly those of Walmart employees encouraged to use the service. This has resulted in numerous instances of theft, with employees like Carl losing almost their entire paycheck to online thieves shortly after it was deposited.
The fourth-generation family business is breathing new life into the industry that gave Cowtown its nickname. https://t.co/bIDjay8pSV
Only a few hours after Carl’s Walmart paycheck landed in his One Finance account, online thieves had stolen all but a few cents. Carl’s experience has been distressingly common since Walmart bought One in 2022. https://t.co/LHLFuJTocy
Walmart ends self-checkout theft-prevention test https://t.co/fslNT8DJGg






