Five At Five: Amazon To Offer Yext On Alexa Devices


Welcome to Five at Five, your late look at payments and commerce news of the day. Coverage includes Amazon signing on Yext to offer business info on Alexa devices, SWIFT will start testing a new multi-bank standard and the U.K. payments watchdog will review banks that process card payments for merchants. Also, Waymo will begin offering self-driving rides to Walmart customers in Arizona and Grubhub is acquiring LevelUp.

Amazon To Offer Yext Business Information On Alexa Devices

Amazon entered a deal with Yext to offer the business information services on Alexa devices. Consumers will be able to get hours of operation, location, contact information and other data, just using voice commands.

SWIFT To Test Multi-Bank Standard For Cross-Border Payments

Financial messaging firm SWIFT said it will start testing a system to enable a multi-bank standard for cross-border payments. The standard was built with 10 multi-national corporate firms and 12 leading banks.

UK Payments Watchdog To Review Card Processing Banks

The Payments System Regulator in the U.K. is taking a hard look at banks that process card payments on behalf of merchants to make sure consumers are getting a fair shake. The review by the country’s official payments watchdog comes amid concerns that the supply of card-acquiring services may be lagging.

Waymo To Offer Self-Driving Rides To Walmart Customers In Phoenix

The autonomous vehicle subsidiary of Alphabet said it plans to offer self-driving rides to Walmart customers in the Phoenix area to pick up online grocery orders. Meanwhile, Waymo is working with DDR Corp. to offer diners and shoppers rides to a shopping center in Chandler, Arizona.

Grubhub Buys LevelUp

Grubhub, the online food delivery service, announced the acquisition of LevelUp, which should expedite the integration with restaurants. Meanwhile, the company also reported a 69 percent increase in active diner count to 15.6 million users.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.