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Cash use persists in US beyond pandemic

Payments Dive

Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.

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US Online Grocery Sales Hit $7.2B In June

PYMNTS

Online grocery sales growth continued in June as the pandemic continued to shape the way people shopped for necessities like food, according to a new survey by Brick Meets Click. In the last 30 days, the survey found that the number of online sales grew over 9 percent, hitting a record of $7.2 That’s up from $6.6 billion in May.

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The Explosion of the US Food and Grocery Industry During COVID-19

Perficient

The US ecommerce food and grocery industry is growing at an accelerated rate as a result of the COVID-19 crisis. Online spending and grocery shopping rates have doubled since 2019 and is projected to increase throughout 2020 as end-users exercise caution while procuring their groceries.

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Robinhood suffers online outage with US stocks rebounding

Bank Innovation

Robinhood Markets Inc.’s s brokerage website experienced technical issues Monday with some customers unable to make trades on a day when the market was rebounding from last week’s rout. A system-wide failure began as the U.S. markets opened and continued through midday. At 11:18 a.m.

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Toys R Us Sees A Future Online

PYMNTS

billion financing infusion from a group of lenders led by JPMorgan Chase, toy and game retailer Toys R Us is announcing new steps in its post-bankruptcy restructuring. 2) that Toys R Us has partnered with global marketplace solutions provider Mirakl to create a new online marketplace. One week after reporting a $3.1

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Mastercard Expands Online Search Tool To US, Canada

PYMNTS

Mastercard has introduced new tools designed to help small businesses drive online commerce, the company announced Wednesday (June 8). and Canada. The project is being rolled out first in the U.S., Latin America and the Caribbean.

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Pet Spend Shifts Online With Pandemic

PYMNTS

“Our eCommerce capabilities have been a top priority and an area of growth for us since well before COVID, and the pandemic has only accelerated that focus and growth,” Petco Chief Digital and Innovation Officer Darren MacDonald tells PYMNTS. The exact scale of that shift is hard to quantify and MacDonald did not give specific numbers.

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