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Five At Five: Target Raises Its Delivery Game

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Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today brings news of Target’s delivery advancements and a new LinkedIn commuting feature. Amazon’s Alexa has a new job, Asian banks make a FinTech announcement and mirrors are getting a lot smarter.

Target Raises Delivery Game to Fend off Amazon/Walmart

According to Target, as of this week, Chicago will be the first U.S. city to host all four of the retailer’s expanded delivery and pick-up capabilities: Shipt, Drive Up, Target Restock and the fulfillment of online orders from within stores.

LinkedIn Rolls out ‘Your Commute’ for Job Seekers

Moving into location-based services, LinkedIn is rolling out a function that allows job seekers to scope out the commute time to potential employers. The feature, which is dubbed “Your Commute,” could help them decide if they want to work for a particular company.

Amazon Unveils Fire TV Cube With Alexa

The device, which is available for preorder starting on Thursday (June 7), allows consumers to use voice to play, pause and resume video content using the company’s voice assistant.

Asian Banks Want Regulators to Allow More FinTech Solutions

For example, the Asia Securities Industry and Financial Markets Association (ASIFMA) would like to see more use of know your client (KYC) checks to help reduce costs.

H&M Brings Voice-Activated Mirror to Shopping Experience

Microsoft, Ombori and Visual Art worked to create the device, which “sleeps” until facial detection technology turns it on. The device then asks the person to take a selfie, which appears on the screen in the style of a magazine cover.

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LIVE PYMNTS ROUNDTABLE: MODERNIZING & SCALING FOR THE NEW NORMAL

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.

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