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Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

PYMNTS

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis.

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Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

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That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. And it has renters who are encouraged to share their experiences on social media.

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Don’t Count Out Billboards — Amazon, Facebook And Google Haven’t

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Amid data sharing and online privacy controversies, Facebook recently promoted on billboards what Bloomberg called the social media operator’s “new approach to user safety and privacy.” That’s not all: “Of the top 100 OOH advertisers in 2017, almost one-quarter were from the technology sector,” the OAAA said.

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Walmart: Labor Group’s App Is A Scheme

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Just in time for the holidays, Walmart employees are being lured to download a smartphone-based social media app aimed at advocating for better pay and labor benefits. Currently available for Android devices, the app allows employees to socialize questions related to workplace and legal rights.

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Luxury Retail Steps Up Its Offline And Online Game

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However, the retailer is hoping to see new growth via brick-and-mortar store efforts in the coming months and into the 2020s. For instance, the new Nordstrom New York City store offers several different food and beverage locations, as well as the ability for shoppers to order food and have it delivered to them while they shop.

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Digital Spaces As Virtual Makeup Studios, Augmented Reality Style

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AR could be on the cusp of having its moment, as a large brick-and-mortar retailer has fresh plans to appeal to shoppers willing to test out the technology. And new technology is in the works to help welcome them to the AR world: In October, it was reported that a Facebook executive said the company is developing augmented reality glasses.

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Baby Boomers Vs. Millennials: Eerily Similar?

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While most millennials were brought up in the age of the computer, baby boomers can remember a time when they weren’t surrounded by technology. While Citizens Bank’s research shows that 60 percent under age 35 may not finish paying until well into their 40s, the Federal Reserve Bank of New York’s research showed those over age 60 made up 2.8