Target launches Wallet to combine payment, coupons at checkout

Target introduced a mobile payments system to its iOS and Android app, dubbed Wallet, that aims to decrease checkout times at its stores. Wallet uses a barcode scanned at check out that includes payment and applicable coupons. Wallet can make checkout four times faster than other payment types, according to Target. Wallet is currently restricted to Target's REDcard credit card and debit card. Wallet combines savings mechanisms like Target's "Cartwheel offers", weekly ad coupons, and 5 percent "REDcard" discount. Target said the ability to redeem Target gift cards with Wallet is coming soon.