Payment Processor Paddle Fined Over Role in Scams
The Federal Trade Commission has fined Paddle $5 million over charges that the UK-based payment processor facilitated access to the U.S. credit card system for fraudulent foreign tech support operations. These schemes allegedly defrauded U.S. consumers out of millions of dollars. The FTC alleges that Paddle used its position as “merchant of record” and a […]
JPMorgan Pursues Trademark for Potential Stablecoin
As more organizations consider branded stablecoins, a recent JPMorgan Chase trademark application has fueled speculation that the bank is gearing up for a stablecoin launch. The document filed with the U.S. Patent and Trademark Office seeks to trademark JPMD, which has been considered to stand for JPMorgan Dollar. The application states that the bank is […]
Merchants Find More Use Cases for AI Amid Risks
Walmart has Sparky; Amazon has Rufus. These AI-powered shopping assistants have begun to take a more prominent place in the e-commerce apps of the world’s largest retailers. Although chatbots have been an early use case for artificial intelligence, they are just the beginning of how merchants can leverage this powerful technology. As Don Apgar, Director […]