Walmart is launching its new Walmart Pay app today at all Hawaii stores.

The app works with any iOS or Android device that can download it, and can be used at any checkout lane and with any major credit, debit, prepaid or Walmart gift card.

To use it, visit a register, open the Walmart app and pick Walmart Pay. Enter your four-digit pass code or Touch ID to activate the camera. At any time during checkout, scan the code displayed at the register. Walmart Pay is now connected. The store associate then scans and bags the items.

Banks OK’d to raise dividends, buy shares

WASHINGTON >> The Federal Reserve has given the green light to many major banks in the U.S. to raise dividends and buy back shares, judging them to have sturdy enough foundations to withstand a major economic downturn.

The “stress tests” are an annual checkup of the biggest financial institutions in the U.S. Of the 33 that were tested, 30 banks were allowed to raise dividends or repurchase shares. They include JPMorgan Chase, Bank of America, Citibank and Wells Fargo, the four biggest U.S. banks.

Pending U.S. home sales slumped in May

WASHINGTON >> Fewer Americans signed contracts to buy homes in May, with the year-over-year pace of pending sales sliding for the first time in nearly two years.

The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index fell 3.7 percent last month to 110.8. Overall home sales have steadily improved over the past year but buyers are facing a shortage of available homes that might have curtailed pending sales.

Uber software tracks drivers’ speed, stops

SAN FRANCISCO >> Using smartphone sensors to peek over its drivers’ shoulders, Uber is promising to keep a closer eye on their behavior — while discouraging speeding or slamming on the brakes.

The company announced Wednesday an extensive test of new software that aims to increase safety by analyzing data from individual drivers and sending them daily reports about things like sudden acceleration, braking and whether they’re holding their phones when they drive.

Le Mans 24-hour race is topic of lunch bunch

The Auto Lunch Bunch will host its monthly gathering at the Waikiki Yacht Club, 1599 Ala Moana Blvd., on Tuesday.

Kelvin Bloom of Aqua-Aston Hotels will talk about his trip to the recent Le Mans 24-hour race, where he was hosted at the Ford GT hospitality suite, along with the Ford family, Ford GTrace car drivers and Chip Ganassi.

Contact Ed Kemper at 225-2965 or email him at edracers@aol.com to RSVP. Lunch is $18.

Mitsubishi to take orders after fixing mileage

TOKYO >> Mitsubishi is resuming sales of vehicles for which it had reported inflated mileage, after offering to compensate each buyer with $960 to make up for the extra gas.

Mitsubishi Motors Corp. said Wednesday it will start accepting orders for its eK Wagon minicar on Friday. The Tokyo- based automaker has acknowledged it had a systematic way ofcheating on mileage for the models, including those it supplied to Nissan Motor Co.

ON THE MOVE:

Bank of Hawaii has announced the following:

>> Morris Rabinko has rejoined Bank of Hawaii as a senior vice president and wholesale credit administrator of the Wholesale Credit Department. He first joined Bank of Hawaii in 1991,when he worked as a credit officer, advancing to senior credit officer. Prior to rejoining the bank, Rabinko was a vice president and regional credit supervisor for First Hawaiian Bank.

SHIP AHOY!

Today’s ship arrivals and departures:

HONOLULU HARBOR