Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes the latest on Amazon’s brewing data scandal, along with news about same-day ACH. UnionPay ups its game against Alipay and WeChat Pay, Uber faces defeat in Africa and Crate & Barrel wants to serve you food.
Payments reportedly ranged from $80 to $2,000, with Amazon workers selling internal sales metrics and reviewers’ email addresses.
Just last week, NACHA revealed that ACH Network volume surpassed two billion transactions in August, an increase of more than 10 percent compared to the previous year. The value of the payments was $4.5 trillion, an increase of 12 percent compared to last year.
With UnionPay facing increased competition in its home market from the likes of Alipay and WeChat Pay, it is setting its sights on expansion.
The company has 2.4 million active users in six African countries including Uganda, South Africa, Nigeria, Tanzania, Kenya and Ghana.
The new restaurant isn’t slated to be open until the spring, but it has already been embroiled in a legal fight with RH, the former Restoration Hardware, which lodged a lawsuit against Crate & Barrel in January of last year contending it is stealing its ideas for a food and beverage concept.