Five At Five: Apple’s New Phone Plans

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes Apple’s latest idea, and a new seller solution head for Visa. Postmates gains fresh capital, Goodwill cracks down on counterfeits and biometric providers go for even bigger funding.

Apple to Launch Three New LCD iPhone Models This Fall

The change comes as the Cupertino, California iPhone maker struggles with lackluster sales of the iPhone XR.

Visa Taps New Head of Seller Solutions

The executive is tasked with the development, design and delivery of “new services and solutions that will transform the payment experience for both sellers and consumers,” the company said.

Postmates Notches $100M in Funding

Rival DoorDash notched almost $1 billion in funding last year with SoftBank mega rounds. At the same time, Postmates faces rivals like Square’s Caviar and Uber Eats, which is owned by Uber. The company is still looking toward an initial public offering (IPO) this year.

Goodwill Partners With Entrupy to Verify Designer Luxury Items

Entrupy’s solution uses machine learning algorithms and computer vision technology to verify items with 99.1 percent accuracy.

Facial Recognition Startup Megvii Mulls $1B Hong Kong IPO

Beyond Megvii, artificial intelligence (AI) startup SenseTime Group Ltd. is also reportedly seeking to fundraise. That company, which provides technology for facial recognition to clients in sectors like retail and government, is reportedly in talks to raise roughly $2 billion.