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Boston Startup Nift Raises $16.5M for Business Gift Cards

Bank Innovation

Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers.

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Today In Payments: Apple Seeks Punitive Damages Against Epic; Boston Telemedicine Company Amwell Prices IPO

PYMNTS

Boston Telemedicine Company Amwell Prices IPO. Amwell, the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. But simply enabling consumers to shop online doesn't cut it when they want to pick up and inspect products at physical stores.

Boston 131
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McDonald’s McGold Card Promotes Online Ordering

PYMNTS

To help drive customers to its online ordering system, McDonald’s is rolling out a free food “for life” promotion. The winner will score a McGold Card that gives two free meals a week over a 50-year period, USA Today reported. According to the contest’s website , the prize is worth $52,350. Why not have some fun with it?

Online 105
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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors.

Mobile 289
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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

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Nordstrom Launches Same-Day Gift Delivery Service

PYMNTS

Customers in Baltimore, Boston, Chicago, Dallas, Los Angeles, New York, Philadelphia, San Francisco, Seattle and Washington, D.C. All stores will be open on Christmas Eve for online order pickup, the company said. will have a wider merchandise selection for same-day and next-day pickup. .

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The Rise Of Card-on-File Commerce

PYMNTS

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). Uber and Starbucks pioneered it.

Cards 147