More consumers ventured online to buy breakfast during the pandemic


The coronavirus pandemic has upended many consumers’ typical breakfast routines, causing many fast-food chains to lose out on early morning sales as their usual customers choose to eat cereal at home instead.

But some consumers are forming new routines and ordering their breakfasts online, through the likes of DoorDash and Uber Eats.

Between the weeks of March 16 and April 13, consumers nearly doubled their spending on fast-food breakfast items ordered through third-party delivery services, according to Edison Trends, which studies anonymized and aggregated e-receipts from millions of U.S. consumers. Consumers’ online spending for fast-food breakfast meals peaked the week

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Macy’s to slash 3,900 corporate jobs in restructuring


A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020.

Michael Short | Bloomberg | Getty Images

Macy’s announced Thursday it is laying off 3,900 corporate jobs, or 3% of its total workforce, in a move to cut costs as its business has been hurt by the coronavirus pandemic. 

The department store chain said it expects to save about $365 million through the layoffs in fiscal 2020. It said it will save roughly $630 million on an annualized basis. 

Additionally, Macy’s said it has reduced staffing across

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Chuck E. Cheese parent files for Chapter 11 bankruptcy


A sign is posted in front of a Chuck E. Cheese restaurant in Newark, California.

Justin Sullivan | Getty Images

Chuck E. Cheese’s parent company CEC Entertainment said Thursday that it filed for Chapter 11 bankruptcy after venue closures stemming from the coronavirus pandemic roiled its business.

The company, which is owned by private equity firm Apollo Global Management, expects to continue operations throughout bankruptcy and will continue to reopen locations that were temporarily shuttered during the pandemic. It has already reopened nearly half of company-owned Chuck E. Cheese and Peter Piper Pizza locations, as of Wednesday.

For the quarter

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Global Payment Regulation & Authentication Report


Ravelin has released an update to its Global Payment Regulation & Authentication Report, with analysis of billions of transactions during Q1 2020.

In the run up to the original PSD2 deadline for implementing Strong Customer Authentication (SCA) in September 2019, many merchants were not using authentication on a large proportion of their transactions.

In fact, most merchants were only sending the most risky transactions to 3D Secure (3DS) due to the well known negative customer experience and dropout associated with 3DS1.

Fast forward to Q1 2020, and the original September 2019 deadline for SCA has been extended. Despite the

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