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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. 5G Potential. Verizon’s 5G Play. As PYMNTS has reported , Verizon plans to bring its 5G technology to 30 U.S. cities by the end of 2019.

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More Retailers Are Checking Into Hotels In Search Of Innovation

PYMNTS

Luxury fitness brand Equinox is set next month to open its first hotel in New York City, “with more on the horizon in Seattle, Houston, Chicago, Los Angeles and Santa Clara, Calif.,” according to the report. and Portland, Maine. The motivation for retailer and brands when it comes to hotels? Unattended Retail.

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Distressed US Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Data Shows

PYMNTS

Typically, new appraisals are ordered when a commercial property owner falls behind in mortgage payments. Hotels have been especially hard hit as travel has diminished amid COVID-19 shutdowns, with many operators reporting single-digit occupancy rates. The newspaper reported the hotel has not made a mortgage payment since March.

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Why Contextual Commerce Is The Next Big Thing

PYMNTS

In January of this year, I wrote a piece in which I said there were six things that would shape the direction of payments and commerce in 2016. Uber’s magic is how payment at the end of the ride happens, as much as it about how rides are procured. Third on that list was “contextual commerce.”.

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From AT&T To Xerox: 65 Corporate Innovation Labs

CB Insights

They’ve also got six foundry labs located around the world: Atlanta, Houston, Palo Alto, Plano, and Israel. ” Their experts have partnered with about 500 startups a year since opening the first foundry in 2011; their newest facility opened in Houston in 2016. .” Innovation Lab Name: One Market Center. Founded: 2013.