Today in the payments news roundup, the U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. payments ecosystem implications. Also, DoorDash revealed it was the victim of a data breach in May, and Uber plans to merge its ride-hailing and food delivery applications.
DoorDash has announced it was the victim of a data breach in May. The company wrote in a blog post, “Earlier this month, we became aware of unusual activity involving a third-party service provider.” It also was “able to determine that an unauthorized third party accessed some DoorDash user data on May 4, 2019” and “took immediate steps to block further access by the unauthorized third party and to enhance security across our platform,” per the post.
Uber’s apps are getting a makeover – and a bit of a new combination. The company plans to merge its ride-hailing and food delivery applications in a fashion that would join its offerings as “the operating system for your everyday life,” as CEO Dara Khosrowshahi said. It is also widening its travel modes on offer, including public transportation as well as bikes, and debuting new safety features.
Sam’s Club is teaming with Humana and other firms to offer discounts on healthcare services to members in Pennsylvania, Michigan and North Carolina. Members of the warehouse chain in test states will be able to purchase one of four bundles that offer savings on several services starting in early October.
The U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the development of FedNow and its U.S. payments ecosystem implications. Even with some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. George, was reportedly met with support from her fellow witnesses.
Interest in adventure vacations and luxury travel is formidable among consumers, but many would-be travelers can find their travel plans grounded because of their substantial cost. Research from PYMNTS, however, finds that many travelers are interested in innovative payment solutions. Those products could make it easier to pay for vacations. They could let more than one participant contribute and also include features like tracking capabilities, desktop/mobile-friendly interfaces and automated recurring payments.
Economic nexus laws may not, in fact, level the playing field in the tobacco sector. In a feature story, Pierre Rogers, luxury cigar marketplace PuroTrader founder, explains why the complexities of that sector mean that digital sales tax laws could actually help big eCommerce firms continue to dominate over mom-and-pop shops. Additionally, the founder explains what it takes to stay up-to-date and compliant as new economic nexus laws come to fruition.