Wal-Mart (WMT +0.7%) plans to test iPhone-powered self checkouts at select stores, according to...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart (WMT +0.7%) plans to test iPhone-powered self checkouts at select stores, according to a report aired on CNBC. Besides speeding up lines quite a bit, if the company decides to roll out the option on a national level it could cut its processing costs depending in part on the type of payment vendor it chooses to partner with.