If this week has a theme, it’s definitely shopping! From Instagram shopping to Sephora credit cards and a new Tim Hortons loyalty program, this week in payment news has consumers at the forefront!
1. Instagram Debuts Checkout Option, Allowing Shoppers To Buy Within The App
If you’ve ever wanted to buy something you’ve seen advertised but haven’t been able to, this news is for you! Instagram is taking their shopping feature one step further, allowing Instagram users to buy products from more than 20 brands without ever leaving the app. In the coming weeks, Instagram users will notice a few feature that shows them a “checkout on Instagram” label on select items.
2. Moneris taps the passion of entrepreneur
This week we did something we’ve never done before – we released our first ever video spot! We’re putting our merchants first, and showing how their business is their passion, and ours is helping them grow it. You may see Café Helen online this week, on your TV in the coming weeks, or within this article right now!
3. Sephora Announces Launch of First Credit Card
If you’re running low on your favourite foundation, highlighter or lipstick, this might be the news you’ve been waiting for. This week Sephora announced their launch of a new credit card program, which gives Sephora customers even more ways to get rewarded for shopping! The Sephora Credit Card will be rolled out in 48 states in the United States this spring, in partnership with Alliance Data. Learn more about this exciting announcement in this article.
4. Tim Hortons launches loyalty program across Canada
Tim Hortons is something that many Canadians hold dear, so this news is bound to hit a soft spot with someone! Tim Horton’s kicked off their own loyalty program this week, catching up with some of its competitors. The system rewards customers per number of visits where 50 or more cents are spent, and after seven trips loyalty members qualify for free tea, coffee or a baked good!
5. FIS to Buy Worldpay in Record $34 Billion Payment Processing Deal
Fidelity National Information Services Inc. (FIS) has agreed to acquire Worldpay Inc. for approximately $34 billion in cash and stock. With the acquisition FIS has also taken on Worldpay’s net debt of 7.7 billion, bringing the enterprise value of the deal to around $43 billion. Make sure to check out this article to learn more!
To learn more payment industry headlines, make sure to read our recaps from March 11 to 15 and March 4 to 8.