Welcome to Five at Five, your late look at some of the main payments and commerce news of the day. Coverage includes a description of a new, and potentially major, same-day delivery deal in NYC, along with Oprah’s latest commerce venture. There is also news about a major chain’s data breach, why U.S. card firms are breathing easier about India and a fresh estimate about security costs for the Internet of Things.
The chain’s Jet.com unit plans to open a fulfillment center in the Bronx in the fall, which will enable same-day and next-day delivery of groceries in New York City. In addition to groceries, Bloomberg reported the fulfillment center will store everyday essentials for delivery and select merchandise.
As of today, the international media titan has announced an investment in True Food Kitchen, a healthy eating startup based out of Houston. True Food Kitchen’s bread and butter, so to speak, is sustainable, local and organic dining. It was named the 2018 emerging restaurant by data firm Fishbowl.
While personal data including birthdates may have been accessed, the retailer said that Social Security numbers were not. The data breach occurred between April 26 and June 10.
Easing of the proposal would give relief to Mastercard, Visa and American Express, which were worried that the data rule would cost them millions of dollars and lay the groundwork for other governments to set similar rules.
Juniper Research said that spending by product and service providers and end customers will rise close to 300 percent from now until 2023.