The FTC says increased use of biometrics raises “significant” concerns about security, privacy and discrimination. In a policy statement published Thursday (May 18), the Federal Trade Commission (FTC) defines biometric information as data that depicts or describes physical, biological or behavioral traits, characteristics or measurements of or...
Target has reported a disturbing surge in retail crime, which is anticipated to cause an estimated $500 million more in losses and stolen merchandise this year compared to the previous year. In fact, workers at a Target store in downtown San Francisco recently told a...
MODIFI and Airwallex have partnered to facilitate cross-border payments and financing for Chinese exporters. This collaboration brings together MODIFI’s global commerce platform for business payments and Airwallex’s global payments and financial platform to create Global Account Solutions, a payment tool that helps both B2B exporters and eCommerce marketplace...
Uber is sating its hunger for growth by shaking up the grocery selection, payment and delivery model along the lines of what Instacart currently offers, but with some added features that emphasize payment simplicity and convenience. At the company’s Go-Get event in New York City...
Amid reports of struggling sales among other retailers, T.J. Maxx has benefited from the growing interest and support of Gen Z and millennial shoppers. “We continue to attract an outside number of younger customers to our stores, including many Gen Z and millennial shoppers, which...
Lenders are reportedly examining their social media strategies following recent banking failures. Banks around the country have begun coming up with plans to counter online threats — including internet rumors about the health of their institutions — Reuters reported Thursday (May 18), citing interviews with...
In today’s challenging macroclimate, many companies are losing resources. Fortunately, new digital tools and modern lending and financing solutions can help those firms to close gaps and firm up their operations. But what lies behind the impact of today’s modern tools, and what empowers the...
PayPal is reportedly mulling a sale for its cross-border payment unit Xoom. The digital payments company has been working “on the sales process in recent months,” and has hired Goldman Sachs for assistance, The Information reported, citing unnamed sources. An attempted sale could be a sign that Elliott Management, which purchased...
Investors are reportedly pumping some real money into the deepfake industry. Venture capital (VC) funds invested $187.7 million into the sector in 2022 — up from $1 million in 2017 — Bloomberg News reported Wednesday (May 17), citing PitchBook data, which also shows that VCs...
