Today in payments: launch of Amazon Care
In today’s top news, Amazon Care will be extended to employees in all 50 states this summer, and the US travel industry is down 42% in 2020. Additionally, the first quarter of 2021 saw PSPCs with more capital than in 2020.
Amazon announced Wednesday, March 17, that it will expand its telehealth service, Amazon Care, to employees in all 50 states starting this summer, and to other employers later this year. The in-person service side of the business remains only available in Washington State and the area surrounding Amazon HQ2 in the Washington, DC metro area.
The travel industry plunged to $ 1.5 trillion in 2020, from $ 2.6 trillion the year before, the US Travel Association said. And jobs lost in and around the travel industry accounted for 65% of all jobs lost in the United States due to the pandemic.
So far in 2021, Special Purpose Acquisition Companies (PSPCs) have already raised more than the $ 83.4 billion they have raised during all of 2020. And 408 PSPCs with 131, $ 1 billion in cash is looking for companies to make deals with, worth up to $ 600 billion. in purchasing power.
Social media company Snap has acquired Fit Analytics, a German company that helps shoppers make sure they’re choosing the right sizes when shopping for shoes or clothing online. The acquisition signals Snap’s move further into e-commerce.
On the same day his company successfully launched an initial public offering (IPO), Olo CEO Noah Glass is already considering the next big thing. He told Karen Webster that in the post-pandemic future, restaurants must own the transaction on any digital, physical, or contextual channel where the restaurant and its customers may wish to meet. That’s why he sees the future of Olo as a restaurant network that’s not just about digital transactions, but all transactions.
Companies that have automated accounts receivable (AR) see a 23% improvement in prioritization of collections, giving them crucial cash flow information. In the B2B Payments Innovation Readiness Playbook, PYMNTS surveyed a diverse group of 460 companies to examine how AR automation can help businesses unlock faster payment acceptance and shorter payment terms.
XPO is transforming its logistics segment into a stand-alone company focused on e-commerce. Here’s why the move will have ripple effects far beyond the confines of Wall Street, and is a sign that the great digital shift is changing, finally, everything.