In this week’s news, we saw Chinese cryptocurrency tied to $2 billion in scams, and two-thirds of digital shoppers feel safe online. The Weekender is here to catch you up.
News
Amazon Adds Delivery Fee for Prime Customers Ordering from Whole Foods
Amazon will be adding a delivery fee for customers on Prime shopping at Whole Foods, which shows the difficulty of the grocery market even for the world’s largest online retailer, according to Bloomberg.
Shoppers were recently informed of a $9.95 service delivery fee for deliveries starting Aug. 30 in the areas of Boston; Chicago; Manchester, New Hampshire; Portland, Maine; and Providence, Rhode Island, the report stated.
Apple to Use Affirm in Canada for BNPL Purchases
Apple intends to roll out a buy now, pay later (BNPL) service in Canada with Affirm’s PayBright, according to Bloomberg, which sees the Big Tech giant branching out into other financial services.
The program will be for sales of Apple devices in Canada. It will allow for iPhone, Mac and iPad buyers in that country to pay for their purchases over a period of one to two years.
Amazon Expands Same-Day Delivery Program
Amazon added six more communities to its Same-Day Delivery initiative, which gives buyers in eligible cities access to as many as three million items in a dozen categories, including baby, beauty and health, kitchen and dining, electronics, pet supplies and more.
Prime members in Baltimore, Charlotte, Chicago, Detroit, Houston and Tampa join those in Dallas, Nashville, Philadelphia, Phoenix, Orlando and Washington, D.C.
NCR to Buy Crypto ATM Network
NCR, a software- and services-led enterprise provider in the financial, retail and hospitality sectors, is set to acquire the cryptocurrency software maker LibertyX.
The Georgia-based company said in a news release on Monday (Aug. 2) that it had signed a definitive agreement to acquire LibertyX in hopes of offering customers the ability to make quick and easy digital currency payments.
Trackers and Reports
Report: InsurTechs Use Automation, Rapid Claim Payments to Woo Customers
Paper-based invoices leech an average of $17,340 from companies each year and represent 125 hours of lost labor per week by manual employee teams. Interest in enterprise resource planning (ERP) solutions is growing, with a recent study predicting that the ERP market will reach an $86.5 billion value globally by 2027.
Report: Two-Thirds of Digital Shoppers Will Bolt if They Feel Unsafe Online
PYMNTS’ research shows that shoppers’ data security fears have very real ramifications for digital platforms. Not only would 57 percent of platforms users be “very” or “extremely” likely to leave their platforms for competitors over security concerns, but 65 percent of all consumers say they would not even finish creating an account if a security red flag arose during sign-up.
NEW REPORT: Real-Time Payments Helps Fix Cross-Border’s Workforce Payday Cash Crunch
High costs, slow processing speeds and high error rates top businesses’ list of complaints about the current cross-border payment system, according to a report. Seventy-one percent of those surveyed agreed that the system is problematic, with error rates of up to 6 percent, processing times of up to five days and transaction costs of anywhere from $30 to $100.
Fun, Cool and Otherwise Interesting
Broadway Theaters Will Require Vaccines for Audience, Performers And Staff
Owners and operators of all 41 Broadway theaters will require vaccinations for audience members, performers, backstage crew and staff for all performances through October 2021, The Broadway League announced July 30.
The League announcement noted that audience members must also wear masks inside theaters except while eating or drinking in specific areas. All guests will need to show proof of an FDA- or WHO-authorized vaccination and must wait at least 14 days after their last vaccine dose to attend a show.
Chelsea Football Club Teams With Clover for Contactless Payments
England’s professional football team, Chelsea Football Club, is instituting contactless payments this season for food, drinks and merchandise via Fiserv’s Clover point-of-sale (POS) systems.
Chelsea Football — called soccer in the U.S. — is implementing the new payment system immediately, and ticket holders coming to the game at Stamford Bridge on Wednesday (Aug. 4) will be able to use the cashless, contactless payment system.
Chinese Cryptocurrency Tied to More Than $2B in Crime, Scams
Chinese cryptocurrency is the latest involved in a rash of illicit activity involving $2.2 billion in digital payment tokens used in scams and dark internet operations over a two-year period. Chinese cryptocurrency addresses sent and received funds for illegal activity from April 2019 through June 2021, according to a Reuters report.
Quiznos, Bakkt Debut Pay With Bitcoin in Some Restaurants
Digital asset marketplace Bakkt’s parent company Bakkt Holdings has partnered with sandwich chain Quiznos to roll out a physical location and let Quiznos customers pay with cryptocurrency, a press release said. This will make the capability available in the Denver market, which will include the highly populated airport.
The rollout, according to the release, will see select Quiznos locations in Denver allowing customers who have bought and downloaded the Bakkt app to pay for their meals with it.
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PYMNTS DATA: 100 HEALTHCARE EXECS SPEAK OUT ON USING AI TO CURB FRAUD, WASTE AND ABUSE
About: Healthcare firms are losing 12 percent of their annual revenues to fraud, waste and abuse (FWA), yet few utilize artificial intelligence (AI) to address these issues due to cost concerns. In AI In Focus: Targeting Fraud, Waste And Abuse In Healthcare, PYMNTS surveyed 100 healthcare executives to learn how AI could actually help firms unlock savings by curbing costly false claims and false positives.
On this week’s information, we noticed Chinese language cryptocurrency tied to $2 billion in scams, and two-thirds of digital consumers really feel protected on-line. The Weekender is right here to catch you up.
Information
Amazon Provides Supply Price for Prime Clients Ordering from Complete Meals
Amazon can be including a supply price for patrons on Prime procuring at Complete Meals, which exhibits the issue of the grocery market even for the world’s largest on-line retailer, in accordance with Bloomberg.
Consumers had been not too long ago knowledgeable of a $9.95 service supply price for deliveries beginning Aug. 30 within the areas of Boston; Chicago; Manchester, New Hampshire; Portland, Maine; and Windfall, Rhode Island, the report acknowledged.
Apple to Use Affirm in Canada for BNPL Purchases
Apple intends to roll out a purchase now, pay later (BNPL) service in Canada with Affirm’s PayBright, in accordance with Bloomberg, which sees the Large Tech large branching out into different monetary companies.
This system can be for gross sales of Apple gadgets in Canada. It should permit for iPhone, Mac and iPad consumers in that nation to pay for his or her purchases over a interval of 1 to 2 years.
Amazon Expands Similar-Day Supply Program
Amazon added six extra communities to its Similar-Day Supply initiative, which provides consumers in eligible cities entry to as many as three million objects in a dozen classes, together with child, health and beauty, kitchen and eating, electronics, pet provides and extra.
Prime members in Baltimore, Charlotte, Chicago, Detroit, Houston and Tampa be part of these in Dallas, Nashville, Philadelphia, Phoenix, Orlando and Washington, D.C.
NCR to Purchase Crypto ATM Community
NCR, a software- and services-led enterprise supplier within the monetary, retail and hospitality sectors, is about to amass the cryptocurrency software program maker LibertyX.
The Georgia-based firm stated in a information launch on Monday (Aug. 2) that it had signed a definitive settlement to amass LibertyX in hopes of providing clients the power to make fast and straightforward digital foreign money funds.
Trackers and Reviews
Report: InsurTechs Use Automation, Fast Declare Funds to Woo Clients
Paper-based invoices leech a median of $17,340 from firms annually and symbolize 125 hours of misplaced labor per week by handbook worker groups. Curiosity in enterprise useful resource planning (ERP) options is rising, with a current examine predicting that the ERP market will attain an $86.5 billion worth globally by 2027.
Report: Two-Thirds of Digital Consumers Will Bolt if They Really feel Unsafe On-line
PYMNTS’ analysis exhibits that consumers’ information safety fears have very actual ramifications for digital platforms. Not solely would 57 p.c of platforms customers be “very” or “extraordinarily” more likely to go away their platforms for opponents over safety issues, however 65 p.c of all customers say they might not even end creating an account if a safety pink flag arose throughout sign-up.
NEW REPORT: Actual-Time Funds Helps Repair Cross-Border’s Workforce Payday Money Crunch
Excessive prices, gradual processing speeds and excessive error charges high companies’ checklist of complaints in regards to the present cross-border cost system, in accordance with a report. Seventy-one p.c of these surveyed agreed that the system is problematic, with error charges of as much as 6 p.c, processing instances of as much as 5 days and transaction prices of wherever from $30 to $100.
Enjoyable, Cool and In any other case Attention-grabbing
Broadway Theaters Will Require Vaccines for Viewers, Performers And Workers
House owners and operators of all 41 Broadway theaters would require vaccinations for viewers members, performers, backstage crew and workers for all performances by means of October 2021, The Broadway League introduced July 30.
The League announcement famous that viewers members should additionally put on masks inside theaters besides whereas consuming or ingesting in particular areas. All visitors might want to present proof of an FDA- or WHO-authorized vaccination and should wait a minimum of 14 days after their final vaccine dose to attend a present.
Chelsea Soccer Membership Groups With Clover for Contactless Funds
England’s skilled soccer staff, Chelsea Soccer Membership, is instituting contactless funds this season for meals, drinks and merchandise through Fiserv’s Clover point-of-sale (POS) programs.
Chelsea Soccer — known as soccer within the U.S. — is implementing the brand new cost system instantly, and ticket holders coming to the sport at Stamford Bridge on Wednesday (Aug. 4) will be capable to use the cashless, contactless cost system.
Chinese language Cryptocurrency Tied to Extra Than $2B in Crime, Scams
Chinese language cryptocurrency is the most recent concerned in a rash of illicit exercise involving $2.2 billion in digital cost tokens utilized in scams and darkish web operations over a two-year interval. Chinese language cryptocurrency addresses despatched and obtained funds for criminal activity from April 2019 by means of June 2021, in accordance with a Reuters report.
Quiznos, Bakkt Debut Pay With Bitcoin in Some Eating places
Digital asset market Bakkt’s father or mother firm Bakkt Holdings has partnered with sandwich chain Quiznos to roll out a bodily location and let Quiznos clients pay with cryptocurrency, a press launch stated. This may make the potential out there within the Denver market, which is able to embrace the extremely populated airport.
The rollout, in accordance with the discharge, will see choose Quiznos places in Denver permitting clients who’ve purchased and downloaded the Bakkt app to pay for his or her meals with it.
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PYMNTS DATA: 100 HEALTHCARE EXECS SPEAK OUT ON USING AI TO CURB FRAUD, WASTE AND ABUSE
About: Healthcare corporations are shedding 12 p.c of their annual revenues to fraud, waste and abuse (FWA), but few make the most of synthetic intelligence (AI) to deal with these points on account of price issues. In AI In Focus: Focusing on Fraud, Waste And Abuse In Healthcare, PYMNTS surveyed 100 healthcare executives to learn the way AI may really assist corporations unlock financial savings by curbing expensive false claims and false positives.
