| May 4 Payments NEXT news: Wayfair, FinServ email fraud, Whole Foods, PPRP, Proofpoint, weekly news roundup |
| We’ve got highlights from a busy payments industry week for you. Wayfair’s 2019 Way Day event was another big sales success. We look into PPRO’s Almanac 2.0 of local payments preferences to help build cross-border B2B sales. New Proofpoint research shows imposter email attacks on financial services companies grew 60%. Whole Foods keeps upping the grocery home delivery ante with 13 new cities served.
In our news roundup we’ve got lots more, including a look at the fascinating success story of Amazon Prime and its impact on e-commerce. Fresh from its acquisition of Vyze, MasterCard remains on the hunt for other fintech buys. According to CEO Tim Cook, Apple Pay should reach 10 billion transactions this year. MasterCard and Visa said they will reduce debit and credit card fees for tourists in the EU. Then there’s Ollie’s, a $5 billion discount store sales juggernaut and not a digital sale in sight. Finally, the story of Lemonade, which keeps making fresh profits out of fintech insurance sales to millennials. Enjoy your weekend reading.
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| Wayfair’s 2019 Way Day led the way to record sales
Wayfair’s April 2019 Way Day, recently completed, was an even bigger success according to Edison with larger sales than Black Friday and last year’s 2018 Way Day event. “Way Day 2019 saw increases in gross sales, orders, customers, and spend per order, compared to Way Day 2018,” Edison reported. Read more… |
| Local payments preferences critical to e-commerce success
When it comes to e-commerce and cross-border payments, it’s critical to consider the importance of local payment methods (LPM) and preferences. Payment specialist PPRO has released Payments Almanac 2.0, its latest analysis of global payments markets, e-commerce growth and local payment preferences. The Almanac has details on over 450 LPMs and insights for over 150 different countries. It shares detailed breakdowns of global markets and highlights emerging payment trends to watch around the globe. Read more… |
| Proofpoint research: Imposter email attacks on FinServ grew 60%
New research from cybersecurity firm Proofpoint shows that imposter email and email phishing attacks on global financial services companies grew 60% over last year. The FBI estimates that business email compromise (BEC) has cost organizations around the globe a potential $12.5 billion since the end of 2013. Proofpoint’s analysis of more than 160 billion emails and 100 attacks on financial services company during the past two years showed 56% saw more than 5 employees targeted by impostor attacks in Q4 2018. Read more…
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| Online grocery shopping shakeup from Whole Foods
Amazon fired another shot over the bow of the grocery business with the addition of 13 new cities now able to get home delivery service from its Whole Foods subsidiary. Now available in 88 US cities, Prime members can shop through Prime Now for thousands of grocery items including fresh produce, meat and seafood, everyday staples and other locally-sourced items from a Whole Foods Market and get delivery in as little as an hour between the hours of 8 AM and 10 PM. Read more... |
| | May 4 Payments NEXT news: Amazon Prime, Apple Pay, Wayfair, Ollie’s, Lemonade, Visa/MC, Whole Foods, more…
Busy, busy week in the payments industry and we’ve got highlights for you. Vox looks at the fascinating success story of Amazon Prime and its impact on e-commerce. Wayfair’s 2019 Way Day event was another big sales success. We look into PPRO’s Almanac 2.0 of local payments preferences to help build cross-border B2B sales. New Proofpoint research shows Imposter email attacks on financial services companies grew 60%. MasterCard and Visa said they will reduce debit and credit card fees for tourists in the EU… Read more… |
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