Welcome to Five at Five, your late look at some of the day’s payments and commerce news. Two major mobile payment products are coming to convenience stores, and Uber has a new expense reporting tool. Alibaba announces a major joint venture, Nike is doing well and new research shows where developers waste too much time.
There are lot of 7-Eleven locations — nearly 70,000 worldwide and over 10,000 in the United States alone. By some estimates, about a quarter of the U.S. population lives within one mile of one of the stores.
Rydoo is linking into Uber for Business to streamline corporate travelers’ reimbursement and expense reporting processes.
Alibaba is creating a $2 billion joint venture to boost its eCommerce business in Russia, with the local investors controlling the joint venture.
In terms of eCommerce, the company’s online sales skyrocketed following the campaign’s announcement. Edison Trends said product orders jumped by 27 percent in the period spanning from Sunday to Wednesday over Labor Day weekend. By comparison, product orders dropped by 2 percent over the same timeframe in 2017.
Companies are losing significant amounts of money as their developer staff members are forced to focus on non-strategic parts of the enterprise, researchers found. On average, software developers spend more than 17 hours every week on maintenance issues like de-bugging software.