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...
Jack Henry has launched a real-time, artificial intelligence (AI)-based fraud mitigation feature. The new Payrailz Fraud Monitor, which joins the FinTech company’s Payrailz Digital Payments Platform, supports multiple payment types and detects fraud when payment transactions are initiated, Jack Henry said in a Tuesday (June 20) press...
OpenAI reportedly lobbied for — and got — changes to the European Union’s artificial intelligence (AI) legislation. The ChatGPT creator succeeded in its efforts to alter “significant elements” of the AI Act and reduce the regulatory burdens the company would have faced, Time reported Tuesday (June 20), citing documents obtained...
The Federal Trade Commission (FTC) is reminding online marketplaces of the duty to ferret out fake merchandise. The agency issued a notice Tuesday (June 20) on the new Integrity, Notification and Fairness in Online Retail Marketplaces for Consumers Act — or the INFORM Consumers Act — set to go into effect...
Military technology startups are enjoying a record investment boom led by venture capital (VC) firms. This wave of investments has been fueled by the Russia-Ukraine war and tensions between the U.S. and China, both of which have led to confidence that the U.S. will begin hiring Silicon Valley defense-tech...
