Morning Beat: Barclays PLC (ADR) (BCS), Wal-Mart Stores, Inc. (WMT), and Caterpillar Inc. (CAT)

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Barclays PLC (ADR) (NYSE:BCS)’s customers in the UK with a debit or credit card will now be able to make payments by a simple tap on their phone. The lender has launched its own ‘Contactless Mobile’ option that will be integrated into the existing Android banking app.

Barclays PLC (ADR) (NYSE:BCS) says clients can use the service to make payments in more than 400,000 locations as the service acts as an extension of the Barclaycard-only option. The launch of the new service means the company could be planning to snub Android Pay. However, it will continue to support Apple Pay having added support last month.

Wal-Mart Stores, Inc. (NYSE:WMT) is currently carrying out tests on a new two-day subscription service. The retailer has collaborated with eight massive e-commerce warehouses across the country as part of the pilot program. The company also plans to use regional carriers to deliver packages as it seeks to reduce delivery times.

Customers who have already subscribed to the three-day shipping service ‘ShippingPass’ are the ones Wal-Mart Stores, Inc. (NYSE:WMT) is targeting as it continues to test the new service. Even though there is no word on how many people take part in the tests, it is clear its intentions are taking the likes of Amazon.com, Inc. (NASDAQ:AMZN) head on.

Caterpillar Inc. (NYSE:CAT) has set its eyes on Cuba as the US continues to show goodwill in lifting a five-decade trade embargo. Chief Executive, Officer Doug Oberhelman on a visit to the communist nation says the company hopes to one day begin direct sales in the country.

Up until the US rescinds the trade embargo, the heavy equipment maker’s only way of carrying out business deals was through third parties. The Illinois-based company partnered with privately held Puerto Rico Company Rimco, which will act as its official dealer in Cuba.

Rimco is currently in talks with US authorities as it looks to get the much-needed approval to start selling certain Caterpillar Inc.(NYSE:CAT) products in the country.

Avian is a new app on Apple Inc. (NASDAQ:AAPL)’s software suit that promises to change how people view tweets more so on Apple TV. The app is designed to present tweets via a map interface. So long as the person posting a tweet has his location tag on, his or her tweets should appear on Apple TV with a map on the background indicating where they are tweeting.

The app also lets users chose between a traditional map interface and a high definition satellite imagery. Users can also set which tweets they would wish to see based on geography. The app is available in the App Store free.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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