News

Delivery
DoorDash Adds Hourly Pay Option for Gig Economy Drivers
June 28, 2023

DoorDash will now let its gig workers choose to be hourly workers. The aggregator will let drivers choose to earn a minimum hourly rate, to use the existing method in which they are paid per offer, and to switch from one to the other, DoorDash said...

Artificial Intelligence
OpenAI Picks London for 1st International Office
June 28, 2023

ChatGPT creator OpenAI has picked London for its first headquarters outside the United States. “London’s vibrant technology ecosystem and its exceptional talent make it the ideal location for OpenAI’s first international office,” the company wrote in a blog post Wednesday (June 28). “The teams in London will focus on...

Regulation
EU Proposes PSD2 Revamp for ‘Digital Age’
June 28, 2023

In Europe, the Payments Services Directive is getting a makeover. To that end, as announced on Wednesday (June 28), the European Commission has proposed a series of what it says would be “upgrades” to PSD2. And as has been widely reported, the changes will help...

Global Payments
Fundacíon Dondé Rolls out Western Union Remittance Services Across Mexico
June 28, 2023

Fundacíon Dondé has rolled out Western Union remittance services at 332 branch offices across Mexico. The nonprofit private assistance institution’s partnership with Western Union now enables Mexican families to receive up to 50,000 Mexican pesos (about $3,000) per remittance, the organizations said in a Wednesday...

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...