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Five At Five: Mastercard Makes A Biometric Bet

Welcome to Five at Five, your late look at some of the freshest payments news of the day. Today’s stories include a new mark in the evolving relationship between payments and biometrics, along with a look at possible new regulation for digital currency. Amazon has made a major tech hiring move, and two companies focused on food report earnings.

Mastercard Introduces Remote Biometric Card Enrollment
As biometrics have begun to represent the next generation in securing payments, Mastercard has unveiled a technological advancement for its own biometric cards. Cardholders can now register their fingerprints onto a biometric card at home through the new technology, the company said in an announcement.

Ether In The Crosshairs Of Regulators
Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin. A new inquiry reportedly focuses on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet.

Amazon Expands Boston Tech Hub; Adds 2,000 New Tech Roles
The new positions are in fields such as machine learning, speech science, cloud computing and robotics engineering. Learn more about what products those new hires will likely work on.

Higher US Spending Marks McDonald’s Results, Hints At Resilient Consumer
The fast food giant beat estimates on both the top and bottom lines, with same-store restaurant sales gaining on what has been billed as a multiyear turnaround effort. The fast food results are a microcosm of spending on a larger scale.

Active Daily Orders Come Up Short For Grubhub In Q1
Growth from markets that do not include major cities fueled Grubhub’s revenue growth in the first quarter of 2018, an increase that beat analyst expectations. But the online food delivery service’s food sales and active daily orders came up short of estimates.

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PYMNTS STUDY: THE CROSS-BORDER MERCHANT FRICTION INDEX – JUNE 2020

The PYMNTS Cross-Border Merchant Friction Index analyzes the key friction points experienced by consumers browsing, shopping and paying for purchases on international eCommerce sites. PYMNTS examined the checkout processes of 266 B2B and B2C eCommerce sites across 12 industries and operating from locations across Europe and the United States to provide a comprehensive overview of their checkout offerings.

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