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Today In Payments: Atlanta Fed Warns Outbreaks Could Stall Recovery; Big Tech CEOs To Testify In Antitrust Probe

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Atlanta Fed Warns Recovery Could Stall As Outbreaks Surge. US Online Grocery Sales Hit $7.2B Online grocery sales growth continued in June as the pandemic continued to shape the way people shopped for necessities like food. Plus, a second Wirecard executive was arrested over the recent fraud scandal. The uptick in U.S.

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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff

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Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing operations in 12 markets, according to reports on Thursday (Jan. These market closures have an effect not just on riders, but on our whole Lime community.

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Reseller Market Maintains Momentum With Nordstrom’s Entry

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While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom has not yet launched its online intake program where customers will have the ability to mail in merchandise. We like the handle.

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Are Consumers Ready To Buy And Sell Homes Online?

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Way back in the day (which, in 21st century digital economy terms, probably means a decade or so), smart and important people used to express well-informed skepticism about the prospect of selling clothes, cars and even groceries via online or mobile channels. Knock operates in such U.S Home Marketplaces.

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Why Retailers Are Making mPOS Technology A Top Priority

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At the same time, new technologies are coming on the market to serve these merchants. President of Operations Richard Ashworth said in an announcement , “Walgreens is focused on making shopping more convenient for our customers. And technology and payments firms are collaborating to bring offerings to market.

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Today In Payments Around The World: Cashfree Raises $35M From Apis Partners; InComm Payments Buys Todo Cartões

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In today’s top payments news around the world, Indian online payments platform Cashfree has landed millions in new funding to help fuel its growth, while InComm Payments has acquired Brazilian gift card processor Todo Cartões. Brazil’s gift and prepaid card market is said to be expanding yearly at a double-digit clip.

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Fiserv Adds Buy Now, Pay Later Option

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The Cambridge market research company also reported that more than 40 percent of online consumers who are aware of installment payments use that method to purchase goods. . the Australian FinTech operating in the U.S. The August issue of the Buy Now Pay Later Tracker – written in collaboration with Afterpay Ltd.,

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