News

B2B Payments
Comfi Secures $5 Million Debt Facility to Expand B2B Payments
June 28, 2024

Dubai-based FinTech Comfi reportedly secured a $5 million debt facility to expand its B2B payment platform and support its launch of an embedded buy now, pay later (BNPL) solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Alicia Keys’ Amazon Collab Brings Star Power to Voice Economy 
June 28, 2024

As consumers increasingly transact using voice-controlled devices, Amazon is partnering with Alicia Keys, harnessing her celebrity to boost Alexa adoption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
Microsoft Reveals AI Security Flaw That Threatens eCommerce and Financial Services
June 28, 2024

A newly discovered security vulnerability in artificial intelligence (AI) systems could pose significant risks to eCommerce platforms, financial services and customer support operations across industries. Microsoft has unveiled details of a technique called “Skeleton Key,” which can bypass ethical safeguards built into AI models businesses...

Artificial Intelligence
ChatGPT Finds Its Soul Mate: Meet CriticGPT
June 28, 2024

In Silicon Valley, a new kind of proofreader is hard at work. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Artificial Intelligence
Toys R Us AI Commercial Signals Shift in Retail Marketing
June 28, 2024

Toys R Us has unveiled what it claims is the first-ever brand film using OpenAI’s new text-to-video tool, Sora. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Retail
Target to Lower Threshold for Apprehending, Prosecuting Shoplifters
June 28, 2024

Target will reportedly lower the threshold at which store staff can attempt to stop nonviolent theft. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Retail
Online Auto Industry Stalls as Consumers Drive New Digital-First Experiences
June 28, 2024

With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Price Wars: Amazon and Walmart Escalate Race to the Bottom
June 28, 2024

This week in the ongoing battle between retail giants Amazon and Walmart, the two companies are upping their discounting efforts in an effort to secure the loyalty of cost-conscious consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Artificial Intelligence
New Data: GenAI Emerges as Effective Weapon in Banks’ War to Reduce False Positives
June 28, 2024

Traditional rules-based systems for detecting payments fraud are increasingly inadequate due to the complex schemes devised by fraudsters. This leads to high false positives and limited adaptability. Predictive artificial intelligence (AI) improves on this by reducing false positives and adapting to new schemes using machine...