Categories: News

Five At Five: Saks Hits A Retail Reset

Welcome to Five at Five, your late look at payments and commerce news you might have missed. Today’s stories include a look at Saks and its plans for beauty, a Sears and Citi credit card deal, a data breach involving mother and children, the latest move for Amazon’s Alexa and building pressure to investigate technology giants.

Saks Hits Reset on Beauty

When most brands say they want to bring something to a whole new level, they are speaking metaphorically. However, when Saks Fifth Avenue speaks of its plans to hit the reset button on beauty by moving to a whole new level, they actually mean that quite literally.

Sears Announces Extension of Co-Branded Credit Card with Citi

The deal also includes long-term marketing arrangements, as well as enhancements to the Shop Your Way Mastercard rewards program, including benefits that were previously available only during special promotions.

Mobile App TeenSafe Leaks Parent and Child Data

TeenSafe allows parents to view their child’s text messages and location, monitor who they’re calling and when, look at their web browsing history and find out which apps have been installed. The company says more than one million parents are using the app at a price of $14.95 per month.

Alexa Comes to Acer Windows 10 Laptops

Acer’s Spin 3 and Spin 5 line of laptops, which come with the Windows 10 operating system, have Alexa built in. Additionally, Alexa will be embedded in other PCs being manufactured by Acer, including the Nitro 5 Spin gaming computer, as well as in its all-in-one laptops.

Treasury Secretary Wants DOJ to Look into Google’s Power

Steven Mnuchin’s call for scrutiny comes at a time when the public is growing increasingly concerned with the power of a few technology companies.

Get our hottest stories delivered to your inbox.

Sign up for the Newsletter to get updates on top stories and viral hits.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

Recent Posts

Agora Services Debuts New Tools For SMB Banking

Challenger bank Agora Services wants to address challenges with banking for small businesses with a new solution called Agora SMB,…

2 hours ago

Google Almost Done With Transition To SAP Ariba Network

Google's transition to SAP Ariba's cloud-based services has a completion date set for Aug. 24 after multiple waves that began…

2 hours ago

Fed Moves Ahead With FedNow Despite Objections

Not everyone favors the Federal Reserve Board’s launch of its settlement service designed to eliminate the three-day check clearing and…

3 hours ago

Pelosi, Mnuchin Call For Reopening Stimulus Talks

Weeks of failed negotiations on pandemic-related aid has led to House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin, representing…

3 hours ago

Bitcoin Daily: S. Korea To Use Blockchain To Collect Highway Tolls; Polish Financial Watchdog Warns Of Fake Crypto Scams

South Korean highways could see blockchain-based toll booths before the end of the year, according to a report from Crypto…

4 hours ago

CHAMPS Group Purchasing Works With Procurement Partners On Smoother P2P Services

CHAMPS Group Purchasing is partnering with Procurement Partners, which works in procure-to-pay (P2P) solutions, to provide a new service for…

4 hours ago