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Five At Five: Mobile Payments’ Big Expansion

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.

Google Pay, Apple Pay Arrive at 7-Eleven

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 Integrates T&E Tools Into Uber

Rydoo is linking into Uber for Business to streamline corporate travelers’ reimbursement and expense reporting processes.

Alibaba Expands Push Into Russia With Joint Venture

Alibaba is creating a $2 billion joint venture to boost its eCommerce business in Russia, with the local investors controlling the joint venture.

Wall Street Analyst Upgrades Nike Stock Amid Kaepernick Ad Campaign

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.

Developers Waste Time on Fixing Bad Code, Stripe Finds

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.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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