FTC Sues Amazon
The US Federal Trade Commission (FTC) on Wednesday, June 21, sued Amazon, accusing the e-commerce giant of using a deception technique to force millions of consumers to subscribe to the Prime service.
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Nubank Introduces Innovative Life Insurance Program
Nubank customers can now give individual life insurance policies as gifts
Adyen and Shopify Partner to Strengthen E-Commerce Capabilities for Enterprise Merchants
The new global partnership between Adyen and Shopify will simplify the customer journey and solve payment complexity for enterprise merchant
Customer Demand for Sustainability Banking Tools Far Exceeds Supply: Research
Almost 40% of UK citizens would like their financial institution to offer banking tools to track their sustainability impact
Digital Yuan Now Available as a Payment Option in Qingdao Metro
China’s digital yuan central bank digital currency (CBDC) can be used for fare payments even if the passenger’s mobile phone has no signal or is out of battery
Jack Henry Adds AI-Based Fraud Detection to Digital Payments Platform
Fintech company Jack Henry has launched a fraud prevention feature based on artificial intelligence in real-time.
Snapchat CEO Says AI Can Improve Targeted Ads
Snapchat CEO Evan Spiegel said that through the use of artificial intelligence, it is possible to significantly improve advertising campaigns in the virtual space.
Self-Checkout Systems Increasingly Reach New Retail Segments: Report
Self-checkout technology is increasingly being deployed by various types of retailers, not just grocery stores and supermarket chains
EU to Introduce Open Source Platform that Tracks Goods Throughout Supply Chain
The blockchain-based platform will enable brands to trace their products from their point of manufacture to their final destination and end customers in the EU
FTC Says Online Marketplaces Need to Police Fake Goods
The Federal Trade Commission (FTC) recalled that online trading platforms must fulfill the obligation to identify counterfeit goods.
OpenAI Reportedly Lobbies for Amendments to EU’s AI Act
The media reports that OpenAI has successfully lobbied for changes to the legislation of the European Union on artificial intelligence.
Amazon Trounces Walmart in Most Retail Categories
Amazon and Walmart in the US market have long been in a state of competition with respect to each other, in this situation, the obvious circumstance is that at certain stages one of the participants in the conditionally adversarial process will be in a more advantageous position.
Former FTX US President Taps Power of AI in New Investing Company
The former president of FTX US, Brett Harrison, has launched a new project, whose activities are related to providing artificial intelligence tools to independent investors.
Consumer Group Calls On EU to Investigate Risks of Generative AI
On Tuesday, June 20, the EU’s largest consumer group, BEUC, appealed to regulators to immediately begin investigating the potential risks of generative artificial intelligence.
ACI Worldwide Offers Instant Payments to UK and EU Merchants
ACI Worldwide has announced the launch of its instant payment solution for merchants in the UK and Europe.
Interest-Only Mortgages Shrink in UK: Report and Forecast
UK Finance observed a further reduction in the size and risk profile of the interest-only mortgage book in 2022, as customers continued to repay their loans on or ahead of schedule
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