Consumers are choosing different kinds of sellers when they shop online compared to in stores, with mass merchants winning out in eCommerce while grocers lead in brick-and-mortar. By the Numbers The 2023 PYMNTS Intelligence report “Apple Pay @9: The Battle for in-Store Adoption and Usage”...
Washington, D.C., Attorney General Brian Schwalb’s new lawsuit against StubHub is just the latest occasion to call attention to practices that regulators have been contesting for years. The suit, filed Wednesday (July 31), accuses the ticket resale platform of drip pricing, utilizing the “deceptive and...
Instacart and Albertsons have updated their partnership for faster grocery deliveries across the U.S. The companies announced in a Wednesday (July 31) news release the launch of Instacart pickup services and Albertsons delivery for Albertson brands, including Safeway, Shaw’s, Acme, Jewel-Osco, Randalls and Vons. In...
Hawk has expanded its Series B funding amid a new investing partnership with Macquarie Capital. The company, which provides fraud prevention and anti-money laundering (AML) technology using artificial intelligence (AI), said in a Wednesday (July 31) news release that the funding will drive its international...
Citigroup reportedly made repeated breaches of a Federal Reserve rule limiting intercompany transactions. Those breaches led to errors in the banking giant’s internal liquidity reporting, Reuters reported Wednesday (July 31), citing an internal document from Citi. According to the report, the Fed’s Regulation W requires banks to restrict...
Enterprise-focused cross-border payments platform PingPong has won approval to do business in Indonesia. Bank Indonesia, the country’s central bank, has granted the company a payment system service provider license, allowing it to facilitate domestic and cross-border payments in the world’s fourth most populous country, PingPong...
Nvidia announced this week a suite of new services and tools aimed at speeding up the development of humanoid robots as the company seeks to position itself at the forefront of this emerging technology. The chipmaker introduced new microservices for robot simulation, a cloud computing...
As Amazon looks to license its Just Walk Out checkout system to more stores, the eCommerce giant is upgrading the artificial intelligence model to improve accuracy. The company announced in a blog post Wednesday (July 31) that the new multimodal AI foundation model uses advanced...
Fraudsters are drawn to compromised digital ecosystem like ants to a picnic. Bad news for companies creates opportunities for criminals — with disruptions like the recent CrowdStrike and Microsoft outage offering a perfect cocktail of urgency, uncertainty and money movement for scammers and fraudsters to exploit....
