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Five At Five: eBay Takes Amazon To Court

Five at Five: Payments News

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest on a growing eBay-Amazon dispute, and a major expansion for Instacart. Hackers are poised to cause more blackouts thanks in part to retail technology, fresh data paints a dire picture for data security, and virtual reality gets a big boost in the commerce world.

eBay Sues Amazon for Allegedly Poaching Marketplace Sellers

eBay alleges that over the past several years, Amazon has “perpetrated a scheme to infiltrate and exploit eBay’s internal member email system.” eBay contends the scheme was employed by a slew of sales reps at Amazon.

Instacart Delivery Coming to Half of Sam’s Club Locations

By the end of this month, Instacart-powered delivery will be on offer at 50 percent of Sam’s Club locations.

Hackers Target IoT-Enabled Appliances to Spark Blackouts

Hackers are able to take control of washing machines, refrigerators, air conditioners and other connected devices to “manipulate the power demand in the grid,” which can then cause local power outages and large-scale blackouts.

First Data: 34 Percent of PII Has Been Compromised in 2018

Nearly one-fourth of consumers within each generation assume their personal information is safe unless notified of a breach.

Macy’s Partners With Marxent on Largest VR Rollout

It is expected that an additional 20 locations will be launched by January 2019, enabling customers to discover products and make informed buying decisions using the Macy’s VR furniture experience.

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Digital transformation has been forcefully accelerated, but how does that agility translate into the fight against COVID-era attacks and sophisticated identity threats? As millions embrace online everything, preserving digital trust now falls mostly on banks and FIs. Now, advances in identity data and using different weights on the payment mix afford new opportunities to arm organizations and their customers against cyberthreats. From the latest in machine learning for fraud and risk, to corporate treasury teams working in new ways with new datasets, learn from experts how digital identity, together with advances like real-time payments, combine to engender trust and enrich relationships.

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