Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes news about Amazon’s latest investment and Visa’s B2B payments progress. Square gets into payroll, Dunkin’ Donuts has a new name and there is fresh pessimism about the iPhone.
Amazon Takes Stake in Prefab Homebuilder
Plant Prefab is the country’s first home factory focused on sustainable construction, materials, processes and operations.
Visa’s B2B Payments Tech Tested in Thailand
Visa began testing the B2B payments solution earlier this year, with UnionBank in the Philippines. Other banks across the Asia-Pacific region, including South Korea’s Shinhan Bank and Singapore’s United Overseas Bank, are also participating in the initiative, as is Commerce Bank in the U.S.
Square Launches Payroll Services
In addition to sending out payroll, Square automatically handles all tax withholdings and filings so that employers don’t have to stress about staying compliant and getting hit with expensive fines.
Dunkin’ Donuts Officially Changes Its Name
As a result of the change, new branding was unveiled at its Global Franchisee Convention that recognizes its new name and its focus on serving great coffee fast, while also embracing Dunkin’s heritage by keeping its signature pink and orange colors and iconic font.
New iPhone Sales Projected to Slow
Some analysts have a positive outlook on the iPhone XR’s sales prospects. However, some sources claim that the iPhone XR’s price/performance ratio “is not particularly impressive as compared to those of high-end Android phones.”
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