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DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time. The letter that was sent to the delivery company on Tuesday (Dec.

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DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time.

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Amazon Opens Bookstore In DC

PYMNTS

Betting that its popularity with shoppers online will translate into brick-and-mortar customers in Washington, D.C., Amazon opens an Amazon Books location in the nation’s capital. The store occupies a space that formally housed a Barnes & Noble store in Georgetown, The Washington Post reported.

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How regulators can foster competition and bolster AI innovation

American Banker

Speakers at DC Fintech Week highlighted ways forward for regulators to keep pace with artificial intelligence, such as by setting up "guardrails" before guidelines.

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Amazon Toured Sites In Washington, DC, Area Last Week

PYMNTS

Washington, D.C., could be the home of Amazon.com’s second headquarters: Officials from the eCommerce giant toured potential sites in the area last week. According to news from The Washington Post , Amazon officials toured locations in Washington, D.C., Montgomery County, Maryland, and Northern Virginia.

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PBOC Patents Show China’s Push For Digital Money

PYMNTS

In 2014, China launched Digital Currency/Electronic Payments (DC/EP) to digitize at least parts of its currency. Chamber of Digital Commerce President Perianne Boring told the Financial Times that the massive investments China has made, and the seriousness with which it is approaching the issue, was different from the U.S.

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Stitch Fix, Apparel Subscriptions Adapt To Work-From-Home World

PYMNTS

Maturing, Adapting, Innovating. In the clothing space, recent innovations look to be headed toward giving customers more flexibility and spontaneity in what is included in their next shipment, as well as the ability to pause membership or reject some or all of an order before it is sent out.