Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest way Instagram wants to appeal to online shoppers, along with fresh data about how fraudsters might attack on Thanksgiving Day. Instacart raises new capital, Berkshire takes a stake in Chase and bitcoin has a bad day.
Instagram said the new ways to discover items come on the heels of its move in September to expand shopping on Instagram with the rollout of stickers in Stories.
New data shows a projected 14 percent increase in fraud attempts during the upcoming 2018 holiday season, with fraud likely to peak on Thanksgiving Day.
Just last week, the company announced the national expansion of Instacart Pickup, a new grocery click-and-collect service that provides customers with broadened delivery and/or pickup options, enabling them to order via Instacart and pick up the groceries at retailers.
Berkshire has around 9 percent stakes in Bank of America and Wells Fargo, and is the top investor in both companies.
At the same time that bitcoin’s market cap was falling, rival digital currencies Ripple XRP and Ether were battling it out for the second-place spot in terms of digital currencies.