News

Biometrics
Airtel Payments Bank Adds Biometric Verification Solution to Protect Accounts
August 20, 2024

India’s Airtel Payments Bank has added a biometric verification solution called Face Match to enhance the security of customer accounts. This solution uses facial recognition and liveliness checks to verify account users in cases in which the bank’s machine learning (ML) algorithms have detected potentially...

B2B Payments
Cross-Border eCommerce Is Reshaping B2B Procurement
August 20, 2024

The complexity of the business-to-business (B2B) space is primarily what causes it to lag consumer-facing innovations. B2B transactions and the regulations they are subject to have unique and elaborate characteristics that make digitization and automation complex, and these intricacies are amplified even further when cross-border,...

Delivery
Best Buy Introduces AI-Powered Delivery Tracking, Signaling Shift in Retail Logistics
August 20, 2024

Best Buy is rolling out an artificial intelligence (AI)-powered delivery tracking system that promises minute-by-minute updates. The company aims to satisfy customers who are increasingly frustrated with vague delivery windows and limited order visibility. Experts say the move comes as the eCommerce sector grapples with...

Artificial Intelligence
OpenAI Launches Fine-Tuning Feature for GPT-4o
August 20, 2024

OpenAI launched fine-tuning for GPT-4o, saying this capability allows developers to increase performance and accuracy for their applications. The feature launched Tuesday (April 20) and is available to all developers on all paid usage tiers, the company said in a Tuesday blog post. “Developers can...

eCommerce
Shopify and YouTube Expand Video Offering to More Merchants
August 20, 2024

Thousands of additional brands that use Shopify can now make their products available for creators to tag in shopping-related videos on YouTube. YouTube and Shopify have expanded their partnership to allow all eligible Shopify Plus and Advanced merchants in the United States to sign up...

Retail
Brands Focus on Post-Purchase Innovations to Foster Customer Loyalty
August 20, 2024

As competition for customer loyalty grows fiercer, brands are sharpening their focus on the post-purchase phase — a critical yet frequently neglected part of the customer journey. Understanding that the relationship with the customer extends well beyond the checkout counter, companies are now crafting strategies...

Social Commerce
LTK Adds New Customization Features to Automatic Direct Message Tool
August 20, 2024

LTK has added new customization features and access to weekly payouts to its Creator Commerce platform. The new customization features allow the users of LTK DM, the platform’s automatic direct message tool for LTK Creators, to personalize up to 10 trigger words per Instagram post...

Security & Fraud
Cybercrime Goes Corporate as Ransomware Gangs Seek Bigger Payouts
August 20, 2024

In periods of softening consumer spend, businesses are increasingly turning to the vast B2B marketplace to boost their bottom-line. They aren’t alone. Criminals have taken notice of the multi-trillion-dollar B2B landscape, too. A recent report shows that cyber criminals are increasingly targeting businesses, not individuals,...

Artificial Intelligence
Treasury Prime Partner Marketplace Adds Kobalt Labs AI-Powered Compliance Solution
August 20, 2024

Kobalt Labs, which offers an artificial intelligence-powered copilot for risk and compliance teams, joined the Treasury Prime Partner Marketplace. Banks using Treasury Prime’s embedded banking software can now use the Kobalt Labs solution to better manage their third-party diligence with AI, the companies said in...