Welcome to Five at Five, your late look at the payments and commerce news of the day. Coverage includes the latest news from the ridesharing industry, along with a Mastercard B2B partnership. In addition, AMC has a subscription offering and Oprah showed, again, that she has a magic touch when it comes to retail — even indirectly.
Uber Facilitated More Than $600M In Tips For Drivers
Uber had $50 million in tips in August, but that has grown since then. In May, it launched mid-trip ratings and tips, and that has driven a 30 percent increase in tipping.
Lyft Business Enhances Expense Management Support
The company said its B2B service, Lyft Business, will be upgraded with more efficient documentation of employee rides using the app.
Mastercard Makes Nvoicepay B2B Payments Partnership Official
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Nvoicepay has been working with Mastercard for several years by integrating its InControl for Commercial Payments solution, linking corporate customers with Mastercard virtual card solutions.
AMC Announces Movie Subscription Service
AMC Theatres said the new service will be live next week as an added tier to its AMC Stubs rewards program.
Stitch Fix Gets A Stock Boost From Oprah
The company’s share price hit $29, jumping 14 percent and reaching a 52-week high “on speculation via social media that media mogul Oprah Winfrey would be taking a stake in the subscription box company,” according to a report.
