Read Why? Walmart Sues Credit Card Partner Capital One

Walmart Sues Credit Card Partner Capital One, Threatening Partnership Termination

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Shares of Capital One Financial Corp. fell after news broke that Walmart Inc. is suing the credit card company and seeking to terminate their partnership.

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The lawsuit was filed in the U.S. District Court for the Western District of Arkansas on March 25th.

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According to the suit, Capital One breached its contract with Walmart by failing to adhere to industry-standard practices regarding customer service,

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data protection, and fraud prevention. Walmart also accuses Capital One of breaching its agreement

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by failing to adequately staff call centers and investigate customer complaints.

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Walmart and Capital One first entered into a partnership in 2018, with Capital One taking over Walmart’s co-branded credit card program from Synchrony Financial.

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The partnership was expected to last for seven years, with Capital One offering

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Walmart customers various perks and benefits such as cashback rewards and promotional financing options.

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Walmart alleges that Capital One’s failure to provide adequate customer service has resulted in significant harm to Walmart’s business,

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including lost sales, decreased customer loyalty, and reputational damage.

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The lawsuit seeks unspecified damages and a court order terminating the agreement between the two companies.

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[{"selector":"#anim-95eaa558-0d2a-4c0d-a01a-dd62096dfbfb","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ee586829-0d44-40c3-9c71-7e296135326b","keyframes":{"transform":["translate3d(0px, 59.28633%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ec50aa2-2d44-434f-9fb3-402fdce33a4b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ae8e2c5c-35bf-4dcb-9c84-b58306f1d065","keyframes":{"transform":["translate3d(0px, 386.32461%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd6c3235-3c5a-46bb-ad70-0be0093db9a0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Image Source :- Google images Read More

Hamming it up: How to Safely Store and Enjoy Leftover Ham

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