News

eCommerce
LTK Adds In-App Checkout Experience to Creator Commerce Platform
September 26, 2023

LTK has added an in-app cart and checkout experience that offers brands the opportunity to expand their distribution through its creator-guided shopping experience. The new “Buy Now with LTK Cart” feature is now available both on the company’s Creator Commerce platform and for integration on Shopify, LTK said in...

Ridesharing
Uber and California Cab Cos Team up to Offer Taxi Drivers More Business
September 26, 2023

Uber wants to give southern California taxi drivers a chance to get trip referrals. The ride-hailing firm announced Tuesday (Sept. 26) a collaboration with Los Angeles Yellow Cab and its five partner taxi fleets in Los Angeles, Orange and San Diego counties. Los Angeles Yellow...

eCommerce
Square Gives Merchants New AI Tools
September 26, 2023

Square has added pre-built website design templates and artificial intelligence (AI)-generated product descriptions to its range of eCommerce tools. The features are among several new solutions Square has added for sellers, the commerce and financial services company said in a Tuesday (Sept. 26) press release....

Cross-border Payments
MoneyGram to Launch Non-Custodial Digital Wallet for Cross-Border Payments
September 26, 2023

MoneyGram plans to launch a non-custodial digital wallet that will offer new ways to send and receive cross-border payments. The wallet is set to debut in the first quarter of 2024 and will allow users to seamlessly move from fiat currency to digital currency and back...

Artificial Intelligence
AI’s Under-Regulation Discussed as Policymakers Race to Keep Up
September 26, 2023

Artificial intelligence is evolving quickly, and global regulation is falling behind. The pace of the technology is moving so fast that each day policymakers delay action, they are, in effect, set back further than the day prior. It’s a concern for OpenAI Co-founder and CEO...

Regulation
EC Commissioner Says DMA Doesn’t Compromise Security and Privacy
September 26, 2023

Following a recent meeting with Apple CEO Tim Cook, European Union (EU) Internal Market Commissioner Thierry Breton called on the tech giant to open up its ecosystem of hardware and software to rivals. Breton emphasized the need for Apple, along with other Big Tech companies, to comply with the Digital Markets Act...

Security & Fraud
Cyberdefenses Must Keep Improving to Stay Ahead of Fraudsters
September 26, 2023

As attractive as innovative new technologies appear, it’s important to remember they are just tools.  And any tool, when in the wrong hands, can also be used for the wrong purposes.  “Newer technologies are enabling fraudsters to have a lot more scale and automation when...

Delivery
Mailboxes Get Smart With AI to Smooth Last-Mile Delivery
September 26, 2023

An estimated 1.7 million packages are stolen each day in the U.S.  And that number spikes around eCommerce events and major holidays, representing billions of dollars lost to “porch pirates” each year.  “They came up with the mailbox in 1858 because they needed to protect...

Investments
Jokr Valued at $800 Million Post-Money in Latest Funding Round
September 25, 2023

Berlin-based rapid-delivery company Jokr has reportedly secured $50 million in Series D funding to enhance its online grocery delivery services in Latin America. The funding round, led by Convivialité Ventures, valued the company at $800 million post-money, FinSMEs reported Sunday (Sept. 24). Lombard Odier and existing...