While the digital age has supplied any number of new solutions to problems, many of those problems still persist. Thieves target retailers, moving objects from point A to point B is complex and expensive, the fees in every transaction are too high and the little retailer finds the big retailer doesn’t fight fair. The solutions – from AI and machine learning to blockchain – are brand-new and technologically optimized. But will they be any more effective against the problems that have passed the test of time?
1 billion: Number of irregular data activities spotted by Mastercard’s NuData tool during holiday 2018
$500 million: Amount Mastercard’s NuData toll saved businesses in fraud losses during holiday 2018
500K: Number of orders Indian wearable firm GOQii claims to have lost to predatory pricing on Flipkart
$3K-$10K: Average annual cost range of insuring a commercial vehicle
1%: Flat fee BitPay charges on all transactions