US Payment Card Market Tops $6T
Consumer and commercial cards issued in the U.S. generated $6.13 trillion in spending on goods and services last year, per The Nilson Report. Commercial card spending has increased by 11.7 percent compared to consumer card spending, which grew by 10.1 percent.
GM Cars to Be Powered by Google in 2021
General Motors (GM) reportedly plans to add Google apps capability to its cars in 2021. Chevrolet, Buick, Cadillac and GMC vehicles will have in-car voice, navigation and other functions enabled by Google.
Stripe Gets Into Lending
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Stripe unveiled the rollout of Stripe Capital to simplify the way internet companies can access funds. Will Gaybrick, Stripe’s chief product officer, said in a post, “Stripe Capital makes it easy for internet businesses to get the funds they need, when they need them.”
Facebook Launches Dating Service in the US
Facebook has rolled out Facebook Dating, which is designed to give users “a more authentic look at who someone is.” The service is launching in the U.S. as well as in 19 other countries: Mexico, Canada and Peru, among others. It will reportedly be available in Europe by early 2020.
Report: Inside Australia’s Push for a Safe and Trusted Digital ID
The use of digital identities is becoming commonplace, and consumers are largely satisfied with their presence. They are also growing more popular among world governments. Australia, Thailand, Malaysia and the United Kingdom are a handful of nations that are exploring the benefits.
Payments and Peloton’s Plans to Go “Beyond the Bike”
Peloton combines its own hardware, software and subscription model to try and win over exercise-minded consumers. It’s an effort that could shed light in the coming years on the future of connected devices and the development of the Internet of Things (IoT). In a new PYMNTS conversation, Karen Webster and Dan Burkhart, CEO at Recurly, discuss how Peloton fits into the larger world of digital payments and commerce.
