Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest grocery pickup expansion effort, along with SWIFT talking about a rumor of a Ripple integration. American Express might have a database problem, Wells Fargo faces more regulatory issues and Louis Vuitton is beefing up its international commerce efforts.
Instacart Rolls out Grocery Pickup Nationwide
The company said Instacart Pickup provides customers with expanded delivery and/or pickup options, enabling them to order via Instacart and pick up groceries at retailers. Instacart said it will be working with existing and new retail partners to add the service to participating partner stores around the country during the remainder of this year and throughout next year.
SWIFT Denies Rumor It Is Integrating With Ripple
A rumor was circulating that the pending upgrade of the SWIFT network would enable Ripple products to be available to roughly 4,000 more banks.
American Express India Database Accessible to Anyone in October
The database was mostly encrypted, but certain data sets might have included readable data.
Wells Fargo Gets OCC Warning Over Tech and Security Issues
According to a report, the bank in “recent weeks” has been sent a “regulatory warning” from the U.S. Office of the Comptroller of the Currency (OCC) regarding the financial institution’s “technology operations.”
Louis Vuitton Does Cross-Border Payments, Connects to SWIFT via FIS
The move will enable the global retailer — which owns 70 luxury brands, including Christian Dior, Louis Vuitton, Bulgari, Fendi and Givenchy — to enhance the efficiency and traceability of its cross-border payments.
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