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Five at Five: Walmart’s College Plan

Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today’s stories range from Walmart’s promotion of college education to a look at the evolution of the Internet of Things (IoT). Tencent has a retail joint venture, Amazon is changing how it does business in Australia and Sears hits another low.

Walmart Sends Its Workers To College

The nation’s biggest private employer announced it is partnering with Guild Education to subsidize the cost of higher education for its employees who don’t have a college degree.

Tencent Partners For ‘Smart Retail’

The Chinese real estate giant Wanda Group is creating a joint venture with Tencent, one of China’s biggest technology companies and the former local unit of Groupon, to join each other's online and offline businesses.

Amazon To Block Australian Shoppers From US Site

The online retailer will make Australians use its Australia site instead of its larger U.S. site. The Australian site has a smaller selection than the U.S. site, but the change comes amid a new sales tax on imported goods.

Sears Plans To Close 72 More Stores

The retailer faces competition from Amazon, Walmart and other retailers. In the latest quarter, the company’s sales declined once again — in line with recent trends.

FitPay: Borrowing Security Across The IoT

The IoT is growing rapidly — too rapidly, some would say. The proliferation of connected devices on the market can make securing each one a challenge. Even where security is sufficient, connected consumers have many devices —  and the more they have, the more difficult it is to get all of them to play nicely together.

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WATCH LIVE: HOW WE SHOP – TUESDAY, NOVEMBER 10, 2020 – 12:00 PM (ET)

New forms of alternative credit and point-of-sale (POS) lending options like ‘buy now, pay later’ (BNPL) leverage the growing influence of payments choice on customer loyalty. Nearly 60 percent of consumers say such digital options now influence where and how they shop—especially touchless payments and robust, well-crafted ecommerce checkouts—so, merchants have a clear mandate: understand what has changed and adjust accordingly. Join PYMNTS CEO Karen Webster together with PayPal’s Greg Lisiewski, BigCommerce’s Mark Rosales, and Adore Me’s Camille Kress as they spotlight key findings from the new PYMNTS-PayPal study, “How We Shop” and map out faster, better pathways to a stronger recovery.

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