November 09, 2023
Hackers: OpenAI’s Ties to Israel Led to ChatGPT Attack
A hacking group with reported ties to Russia has claimed credit for attacking ChatGPT. The reason? The generative artificial intelligence (AI) tool’s parent company’s support for Israel amid that country’s war...
November 09, 2023
Amazon Files 4 Lawsuits Targeting Impersonation Fraud
Amazon has filed four federal lawsuits against fraudulent organizations that attempted to scam consumers by impersonating the company. The lawsuits were filed in Western District of Pennsylvania, Eastern District of...
November 09, 2023
LendingClub’s Structured Loan Certificates Program Reaches $1 Billion Mark
LendingClub has crossed the $1 billion mark in personal loans sold through its Structured Loan Certificates Program (SLCLC Program) since the launch of that program in April. The company expects...
November 09, 2023
Jeeves and Bexs Partner on Cross-Border B2B Payments in Brazil
Jeeves and Bexs have partnered to launch a fully digital platform for cross-border business payments out of Brazil. With the collaboration, Jeeves makes it easier for businesses operating out of...
November 09, 2023
What Does the ‘Perfect’ AI Regulatory Framework Look Like?
The perfect artificial intelligence (AI) regulation should ensure the technology doesn’t turn on its creators. But it also needs to ensure that the regulation itself doesn’t turn on the technology,...
November 08, 2023
Automated Payments Are Crucial First Step in Broader Enterprise Digitization
Fraudulent activities can manifest in various forms, including identity theft, payment fraud and cyberattacks. In all those cases, legacy and manual back-end systems provide bad actors with vulnerable — and...
November 08, 2023
The Honest Company Reports Record-Breaking Revenue in Q3
Consumer products firm The Honest Company said it has broken its revenue record this quarter. The company, which sells merchandise in categories such as baby care, beauty, personal care, wellness and household...
November 08, 2023
Meta: AI-Generated Political Ads Must Be Labeled As Such
Meta is imposing new controls on AI-generated ads ahead of the 2024 presidential election. Beginning next year, advertisers around the world who post political ads or information about a social issue...
November 08, 2023
TikTok Creating Its Own eCommerce Fulfillment Network
TikTok is establishing a warehouse and fulfillment network to boost its eCommerce operations. As a report Tuesday (Nov. 7) by The Wall Street Journal (WSJ) noted, this move shows the social media platform...
Most eCommerce merchants miss a crucial piece of the security puzzle: Just 33% use screening mechanisms that can identify potential fraud as the cause of failed payments. PYMNTS Intelligence’s latest study, “The Role of Fraud Screening in Minimizing Failed Payments,” a collaboration with Nuvei, draws on insights from 300 executives about the efficacy of eCommerce screening mechanisms.