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Five At Five: A Brighter Retail Forecast For 2018

Five at Five: Payments News

Welcome to the Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the newest sales figures from the National Retail Federation (NRF), along with two stories about new revenue paths for Amazon. Citigroup has let go of a payments executive, and initial coin offering (ICO) exit scams are taking a toll.

NRF Increases Sales Forecast For 2018

Retail sales are expected to rise by at least 4.5 percent over 2017, compared to the 3.8 percent to 4.4 percent range that was projected earlier in the year.

Amazon Ad Revenue To Surpass Cloud Sales By 2021

Amazon Web Services (AWS) may be the driver of growth for the eCommerce giant now, but Piper Jaffray predicts that, in three years’ time, advertising will bring in more revenue for Amazon.

Amazon Business Invoicing Feature Takes Effect

With Amazon's new invoicing service, companies get a credit for selling their merchandise on Amazon accounts. However, buyers don’t have to actually make a payment when they hit the buy button. Instead, they’re invoiced and have the option to have an extended payment due date.

Citigroup’s Jud Linville To Leave As Part Of Executive Reshuffling

The CEO of global cards and consumer services will leave the bank as part of executive reshuffling, as Citigroup is overhauling the executives in its global consumer banking businesses.

Investors Have Lost Close To $100M In ICO Scams

Based on new research from Diar, a blockchain intelligence firm, close to $100 million in cryptocurrency has been stolen via initial coin offering (ICO) exit scams.

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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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