Walmart's workers no longer getting paychecks (but it's not how it sounds...)

On the heels of a bill-paying service for its customers, Wal-Mart Stores Inc. has announced that employees will no longer be receiving paychecks.

But wait, it's not as bad as it sounds. In fact, it's quite good.

Walmart will be paying all of its employees through direct deposit, and for those who don't have a bank account -- and this is where things get decidedly 21st century -- they will instead receive their money in a debit card.

The paper paychecks is what's going out the proverbial window. It's part of what the company calls the "Walmart Sustainability Commitment," where the chain is in the midst of trying to be supplied by only renewable energy, create zero waste and sell environmentally friendly products.