Five At Five: Personalized eCommerce Shows Its Power

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes personalization gains by a major brand, along with a new, very optimistic take on Amazon. Chipotle has delivery news, a bank CEO talks mergers and a wholesale club gains sales following an IPO.

Personalized eCommerce Boosts Diane von Furstenberg

DVF’s new personalization efforts are undergirded by Qubit Aura, a technology solution the brand began testing last year to help customers browse a personalized selection of products. Qubit allows the site to show specific products to specific users, depending on behavior.

Morgan Stanley Thinks Amazon Could Hit $2,500

With Amazon’s Web Services (AWS) cloud computing business booming, Morgan Stanley is getting more bullish on the eCommerce giant’s prospects.

Chipotle Teams Up With DoorDash for Delivery

The tie-up comes as CEO Brian Niccol has been working on turnaround efforts, such as a loyalty program.

Deutsche Bank’s CEO Says Current Banking Laws Hurt Cross-Border M&A

The bank’s CEO also said the pressure for banks to consolidate via mergers and acquisitions is only going to increase.

BJ’s Wholesale Club Sales Grow Following IPO

With a portion of the proceeds from the IPO, the company sought to reduce its $623 million in principal debt, along with $10.2 million in unpaid and accrued, as well as a prepayment premium.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.