News

Investments
Maza Raises $8 Million to Give US Immigrants Financial Foothold
June 28, 2023

Financial platform Maza has raised $8 million to help provide immigrants with financial identities. The Los Angeles-based company announced the seed funding in a Wednesday (June 28) press release, saying the financing will bolster its platform, which automates a U.S. tax presence for immigrants. “As descendants of Latin American...

Artificial Intelligence
AI-Developed Lung-Disease Drug Enters Human Testing
June 28, 2023

Healthcare delivery and drug discovery and development have used computers for decades. From combinatorial chemistry to rational drug design and now artificial intelligence (AI), innovative technical breakthroughs have helped drive an ongoing flywheel of advances in healthcare and medicine. Sector leaders aren’t sweating the regulatory...

eCommerce
5 Key Things You Need to Know About the INFORM Act 
June 28, 2023

There’s a new law in town and it’s taking on organized retail theft and the trade of counterfeit and hazardous goods on digital platforms.  The act follows the prevalence of sellers in China and other countries outside the United States offering counterfeit and stolen merchandise...

Retail
Walgreens Attributes Disappointing Results to Cautious Consumer Behavior 
June 28, 2023

The story of the cautious consumer continues as Walgreens reflects on its latest quarterly earnings.   On Tuesday (June 27), after the company issued a warning that its profits are projected to fall below initial expectations, the stock of Walgreens Boots Alliance plummeted. The decline was...

Retail
Zalando Fights EU’s Digital Services Act in Court
June 28, 2023

Germany’s Zalando is considered Europe’s largest online fashion retailer. But is it a “very large online platform”? That’s now a matter for the courts. Zalando announced Tuesday (June 27) it had filed suit in the European Union’s Court of Justice, disputing its designation under the...

Security & Fraud
Synthetic Fraud Rises at ‘Alarming’ Rate as AI Evolves
June 28, 2023

Can one stolen ID, augmented with artificial intelligence, yield $2 million in pilfered government benefits? It’s a scenario Haywood Talcove, chief executive of LexisNexis Risk Solutions’ government division, laid out for the Financial Times (FT) Wednesday (June 28) in a report on how artificial intelligence...

B2B Payments
Boost Payment Solutions Lands Patents For New B2B Tech
June 28, 2023

B2B firm Boost Payment Solutions has received patents for two pieces of payment technology. The New York company announced Wednesday (June 28) patents for its Boost Intercept and Dynamic Boost products, arriving at a time in which the need for faster B2B engagement has become...

Risk Management
What Treasurers Are Doing Now That Liquidity Is King
June 28, 2023

To manage a balance sheet is to protect the heart of any company. Doing so effectively is never more critical than when the economic environment is in flux. The essential strategic importance of a strong treasury operation stays the same, even throughout the tumult. The...

Security & Fraud
Experts Say 3DS 2.0 Will Gain Ground as Commerce Relies on ‘Connected’ Data
June 28, 2023

In a world where eCommerce is king, routing traffic is a critical move. Merchants need to ensure a seamless experience that could otherwise deter customers from coming back. Moreover, payments optimization plays a crucial role in maintaining frictionless eCommerce transactions. PYMNTS hosted a wide-ranging discussion...