Why the eclipse drives people to spend, plus all the payments news you missed last week.

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Sat - August 19, 2017


NEW REPORT: In Australia, Is Cash On The Barbie?


NEW REPORT: Why Hibbett Sports Waited Until Just Now To Move Online


Walmart Online Sales Explode


Open Banking, Open APIs, Wide Open Opportunities?


US Consumer Debt — Ten Years Later


Honeyfi: Love — And Better Budgeting — Can Keep Millennials Together


Too Much Security? There’s No Such Thing


For Payments Innovation, Look Beyond The Pipes


NEW REPORT: Bank of the West Takes On Innovation’s Wild West


How Payless Beat Back Bankruptcy (And What Retailers Can Learn)


Urban FT Makes Bid For Troubled Online Bank Digiliti


Mobile Order-Ahead: Not Just For Restaurants


Interview With A Financial Vampire


NEW REPORT: Three Square Market Puts Its Chip On The Table (And Into Employees)


Direct To Consumer: Subscription Boxes For All


FinTech And The Rx For Healthcare Payments


Did You Hear The One About The Man Dressed Up As A Car Seat?


Dialing Into Call Center Fraud


So, You Want To Be A PayFac


The Score On Tencent’s Credit Scoring


The Magic Of Selfies In Life Insurance


ICBA Bancard CEO: Community Banks Move Faster Payments Forward

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The Eclipse Is Coming! So Much To See, So Much To Buy
 

In previous eras, a solar eclipse caused humans to fall to their knees and tremble. In the modern world, it causes us to reach for our wallets and spend. Two hundred million Americans live within a one-day drive to witness the totality of the eclipse — and all the hotel rooms and Airbnbs in those states are totally booked. It will be a big day for communing with our cosmic selves, but also — it seems — for making some truly out-of-this-world purchases.

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The Great Innovation Pile On Of 2017
 

Facebook has been slammed for squashing startups and being a “copycat.” Google was fined $2.7B for being anticompetitive (in a sector that doesn’t matter much, especially five years after the complaint was filed). Amazon and Whole Foods — and their combined whopping 2.5 percent market share of grocery, if the deal is approved — are being called out for possibly running afoul of antitrust regs. According to PYMNTS’ Karen Webster, all are things that make salacious headlines around the classic “David versus Goliath” narrative. But ignore the innovation elephant in the online platform room — today’s Goliaths are all competing in a complicated ecosystem where it’s impossible to clearly identify who’s competing with whom — and for what and on whose turf.

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