Welcome to Five at Five, your late look at today’s commerce and payments news. Today’s coverage includes the latest on Amazon’s ad efforts, along with a boost for the prospect of biometrics. Also, Samsung has a new plan to capture millennial consumer loyalty, there is new clarity at the Bank of England and a new scam hits home buyers.
The push on the part of Amazon to go after the online ad market means customers — including Prime members — are going to see ads in places they haven’t seen them before on Amazon platforms.
Juniper Research predicted in a new report that the biggest shift coming in the mobile payment security industry is a movement toward software-based methods for verification that rely on standard smartphone components.
The company plans to bring cutting-edge features to the lower-end models, with the first of the new devices slated for later in 2018. CNBC said the hope is that the new features at a cheaper price point will fuel sales.
With the U.K. gearing up to leave the European Union, the country got a bit of stability when Bank of England Governor Mark Carney signaled he would stay on as head of the central bank longer than planned.
A scam targeting homeowners is leaving some without the down payment for the closing on the day their loan is to be signed.