The Securities and Exchange Commission (SEC) may set its sights on stablecoins and decentralized finance (DeFi). Such a move is “likely” after the regulator’s recent enforcement actions targeting players in the cryptocurrency industry, investment bank Berenberg said in a report published Tuesday (June 21) and emailed to PYMNTS. Having...
Despite its alleged “societal-scale” risk, artificial intelligence’s (AI’s) biggest threat may be to itself. Not to humanity. Copies of copies generally tend to get worse — and if the training data used to power future generative AI engines, including large language models (LLMs), gaussian mixture...
As shoppers continue to seek eCommerce-like convenience in their brick-and-mortar journeys, self-checkout technologies such as smart carts can boost their spending and loyalty, Cust2Mate CEO Guy Mordoch tells PYMNTS. On Wednesday (June 21), A2Z Smart Technologies Corp.’s flagship smart cart product, Cust2Mate, announced a partnership...
In a bid to compete with rivals like Shein and Amazon, TikTok is broadening its online retail offerings. ByteDance, the Chinese parent company of the video-sharing app, has started selling products directly through its platform. Over the past few weeks, TikTok users in the U.K....
Amazon is reportedly on track to surpass Walmart and emerge as the leading beauty retailer in the United States by 2025. But how is that so in an industry that particularly thrives on sensory experiences, personal interactions and physical treatments? Although the question is reasonable,...
Shopify has made its Shop Pay checkout available to enterprise retailers as a standalone component. With this offering, enterprise retailers that are not on Shopify can use Shop Pay without having to replace all of their existing commerce infrastructure, the company said in a Wednesday (June 21) press...
The fraudsters are racking up the gains, seeking, as they always do, to exploit vulnerabilities in card-not-present transactions. And now, they’re harnessing artificial intelligence (AI) to skirt traditional fraud detection defenses to pass themselves off as people they’re not, preying on consumers’ trust. The situation’s...
In the ever-evolving landscape of technology dominated by artificial intelligence (AI) and augmented reality (AR), numerous solution providers, including industry giant Google, are vying for supremacy. Among them, Perfect Corp., an AR company, is making strides to carve out a market share. The driving force behind...
FedEx has seen consumers shift their spending from eCommerce to entertainment and services. The company said this Tuesday (June 20) while reporting another decline in package volume during the most recent quarter, Bloomberg reported Tuesday. FedEx saw continued demand weakness during the quarter ending May 31, with lower...
