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Five At Five: Uber Eats Sets A New Target

Five at Five: Payments News

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest ambition from Uber Eats, along with a story about a significant reduction in the number of unbanked U.S. consumers. Apple’s CEO calls for more privacy protections, RBS helps with Brexit preparation and Target details its holiday shipping plans.

Uber Eats Throws Down Gauntlet, Aims for 70 Pct of Food Delivery Market

The service, which currently covers more than 50 percent of the U.S. population, has been successful even in places where Uber does not operate its ride-hailing business or has a small presence.

Number of Unbanked Americans Plummets

A new survey revealed that the percentage of unbanked Americans fell to the lowest level since the 2007-2009 financial crisis.

Apple CEO Calls on US to Embrace EU-Type Privacy Laws

Under the GDPR, regulators can fine companies that run afoul of the law, with the levies as high as 4 percent of yearly revenue. The White House hasn’t been too keen to embrace a similar framework out of fear that it will impose too many burdens on the companies.

RBS Allocates $2.6B to Help SMBs Prepare for Brexit

RBS will use the funds for trade finance, term finance and liquidity financing for SMBs that conduct trade with the European Union (EU) or have significant exposure to foreign exchange (FX) volatility.

Target Plans No-Minimum Two-Day Shipping for Holidays

Rival Walmart, too, plans to expand in-store returns and two-day shipping for items offered on its website by third-party sellers.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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