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Home World Tech News Today In Payments: Uber, Lyft Lose AB5 Appeal | PYMNTS.com

Today In Payments: Uber, Lyft Lose AB5 Appeal | PYMNTS.com

In at present’s prime information, Uber and Lyft should reclassify their drivers as staff, and FTC commissioners are in favor of pursuing an antitrust swimsuit in opposition to Fb. Plus, PayPal eyes shopping for a cryptocurrency agency.

Uber, Lyft Lose AB5 Appeal In California

In a unanimous resolution, the California Courtroom of Appeals upheld an earlier ruling that Uber and Lyft should re-classify their drivers as staff, pending a poll measure on election day (Nov. 3).

FTC Commissioners Weigh Fb Antitrust Go well with

Whereas the 5 commissioners of the Federal Commerce Fee (FTC) debate if an antitrust lawsuit in opposition to Fb needs to be pursued, FTC staffers are in favor of shifting ahead with the case.

PayPal Eyes Shopping for Crypto Agency BitGo, Others

PayPal is acquisition prospects for cryptocurrency firms, together with bitcoin custodian BitGo, a transfer that will assist PayPal increase its embrace of digital cash. The corporate just lately introduced that customers can purchase, promote and maintain digital cash and likewise use that cash to buy at any of the retailers in its community by early subsequent 12 months

Instacart Permits EBT SNAP Funds For ALDI

Instacart has teamed with ALDI to debut EBT SNAP funds for same-day eCommerce grocery store supply and pickup to bolster entry to these providers. That is the primary time EBT SNAP beneficiaries may have the capability to entry same-day supply and pickup from the eCommerce agency.

Panera Espresso Subscriptions And The Future Of Eating places

The restaurant world has modified dramatically as proprietors race to remain forward of lockdowns and COVID-19 fears. However Paytronix CEO Andrew Robbins tells Karen Webster that restaurateurs have gotten very inventive in serving up digitally enabled options — like Panera’s new espresso subscription, which has already attracted some 500,000 clients. Right here’s what to anticipate subsequent.

Provide Chains Will Shift, Digital {Dollars} Will Emerge Put up-COVID

The pandemic will change provide chains and digital {dollars} will develop into a funds staple, Dr. Paul Sheard, senior fellow at Harvard’s Kennedy Faculty, tells Karen Webster. He says companies and central banks must take into consideration how items journey the world, together with the elemental tenets that underpin cash and commerce. By the way in which: China stays within the image.

Invoice Ackman, Emil Michael And The Threat Components Round SPACs

The most recent SPAC itemizing hints on the attract and dangers inherent in hitching one’s star to those funding autos, and by extension the folks working them.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Store Report, a PYMNTS collaboration with PayPal, goals to know how customers of all ages and incomes are shifting to buying and paying on-line within the midst of the COVID-19 pandemic. Our analysis builds on a collection of research carried out since March, surveying greater than 16,000 customers on how their buying habits and funds preferences are altering because the disaster continues. This report focuses on our newest survey of two,163 respondents and examines how their elevated urge for food for on-line commerce and digital touchless strategies, similar to QR codes, contactless playing cards and digital wallets, is poised to form the post-pandemic economic system.

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