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Walmart Flexes Muscles With Mobile Pay, Shipping Service

As other retailers such as Macy's and Sears suffer, retail superpower Walmart (WMT) has proven its mettle.

Not only have its low prices kept cash-strapped consumers happy, Walmart has demonstrated that it isn't afraid to challenge the world of e-commerce. In the process, it is yielding profits for investors.

Last week, the discount superstore unveiled its new two-day shipping service to rival Amazon Prime. Walmart has closed more than 150 physical stores and earmarked about $2 billion raised from this and other cost-cutting measures to invest in its online presence.

Now Walmart is dipping its toes into the e-payments pool. This is a lucrative industry dominated by PayPal, as well as Apple, with its convenient Apple Pay program.

Walmart also made headlines last week when it slapped credit card giant Visa with a lawsuit. The retailer wants customers who use chip cards to enter personal identification numbers at the register on top of a signature as an extra security measure, and Visa is preventing this.

But for Walmart, this suit could provide a bit of extra motivation.

The company said Monday that it is...