Bold Commerce, a checkout company for omnichannel retailers and direct-to-consumer (DTC) brands, has partnered with Link Money, an open banking payment platform, to enhance payment options for merchants. This collaboration aims to provide retailers using Bold Commerce’s checkout solutions with access to Link Money’s Pay by...
Gap says it’s ready to compete. That’s the latest from Richard Dickson, Gap’s newest president and chief executive officer, who held the retailer’s latest quarterly earnings call on Thursday (Nov. 16). According to Dickson, Gap has not only successfully shifted to a more profitable...
Menlo Ventures has raised $1.35 billion to invest in artificial intelligence (AI) ventures. The new capital will be split between early-stage fund Menlo XVI and early growth fund Menlo Inflection III, partner Matt Murphy told Bloomberg News Thursday (Nov. 16). The focus will be on fledgling AI companies...
The Federal Trade Commission (FTC) has taken a proactive stance in protecting consumers from the potential dangers of artificial intelligence-enabled voice cloning technology. The FTC unveiled the Voice Cloning Challenge, inviting submissions of ideas that can help prevent the misuse of this technology for fraudulent...
American consumers are routinely hounded over medical bills they don’t even owe. That’s according to a new report issued Thursday (Nov. 16) by the Consumer Financial Protection Bureau (CFPB), which found that 15% of the complaints the bureau received last year were about debt collectors trying to settle an...
Prices are finally coming down at many retailers. Consumers still may not feel relieved. A report Thursday (Nov. 16) by The Wall Street Journal (WSJ) takes a closer look at the state of the American shopper one week out from Black Friday. As the report pointed...
Samsung has reportedly disclosed a year-long breach of its systems, which resulted in unauthorized access to the personal data of customers who made purchases at its U.K. store. The breach occurred between July 1, 2019, and June 30, 2020, but Samsung only discovered it on...
Prove Identity says Brazilian payment tech company Elo will use its technology to battle fraud. The partnership, announced Thursday, will let Elo leverage Prove’s identity verification solutions to improve its customer experiences while also fighting SIM swap fraud and the rise of “orange accounts” in Brazil. “We are thrilled...
In the midst of the holiday season, while numerous retailers anticipate a weak consumer spending forecast amid an inventory glut, Macy’s may have set itself apart. The chain has moved to implement AI, enabling the retailer to adjust its inventory based on holiday demand. In...
