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Five At Five: A Toys R Us Revival?

Five at Five: Payments News

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes possible new life for a famous retail brand, and news about Amazon’s private-label practices. Facebook offers a hacking update and Foursquare and Truebill snag fresh capital.

Toys R Us Brand Might Make a Comeback

The rights to Toys R Us’ name, along with Babies R Us, are controlled by funds that financed the retailer’s lenders during bankruptcy, as that intellectual property was collateral for their loans.

Amazon Promotes Private-Label Brands on Rival Websites

Some users searching for various products in beauty, health and household and baby items have reported seeing the link “Similar item from Our Brands” show up at the bottom of the listing. The link, which is not an advertisement, then takes shoppers to the product page for Amazon’s own private-label offering.

Facebook Says Hackers Haven’t Accessed Third-Party Apps

The social media giant said it hasn’t found evidence that the hackers accessed users’ other websites through the Facebook login.

Foursquare Snags $33M

The first close of $25 million in venture funding happened last week, while the secondary close of at least $8 million is expected to happen by the end of the year.

Refund App Truebill Snags $5M, Launches ‘Smart Savings’

The company also named a new CEO, Haroon Mokhtarzada, who co-founded Truebill with his brothers, Yahya and Idris Mokhtarzada. Launched as a mobile app to get consumers refunds on unwanted subscriptions, Truebill now aims to simplify and automate a consumer’s entire financial life.

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NEW PYMNTS STUDY: LEVERAGING THE DIGITAL BANKING SHIFT – SEPTEMBER 2020  

The September 2020 Leveraging The Digital Banking Shift Study, PYMNTS examines consumers’ growing use of online and mobile tools to open and manage accounts as well as the factors that are paramount in building and maintaining trust in the current economic environment. The report is based on a survey of nearly 2,200 account-holding U.S. consumers.

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