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Five At Five: Walmart Ups Shipping And Returns Game

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 move by Walmart to gain on Amazon and its other retail rivals, along with news about Amazon’s speaker success. Visa backs EMV specs, Lyft makes some big tech moves and payment cards might play a role in tonight’s Mega Millions drawing.

Walmart Expands Free Two-Day Shipping to Marketplace Items

Scott Hilton, chief revenue officer for Walmart eCommerce U.S., said that in addition to expanding the number of items that will get free two-day shipping, the retailer is simplifying the returns process for items purchased from marketplace sellers, including the ability to start the process at any of Walmart’s 4,700 stores.

Amazon Echo: America’s Most Popular Smart Speaker

Other findings from a new report revealed that when asked to name one brand they would choose for their next smart speaker, 54 percent of consumers choose either Amazon, Google or Apple. That leaves nearly half the market open to competitors, with Bose, Samsung and Sonos the most preferred alternatives.

Visa Announces Continued Support for EMV Secure Remote Commerce Specification

Visa said the draft EMV SRC specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point of sale, resulting in a consistent, convenient and secure way to pay.

Lyft Buys Blue Vision Labs for $72 Million

In addition to acquiring Blue Vision Labs, which focuses on augmented reality, Lyft will also unveil its first self-driving test vehicle with Ford, which will be the Ford Fusion Hybrid.

Mega Millions Winning Ticket Could Come Via Payment Card Tonight

State rules vary, of course, and some states let retailers decide what payment methods to accept.

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PYMNTS TV LIVE OCTOBER SERIES: B2B PAYMENTS 2021 – WHAT WILL YOU CHANGE? 

Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border. Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.

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