Advancements in artificial intelligence (AI) may drastically improve the accuracy of weather predictions, potentially increasing profits for businesses that rely on forecasting. Google has introduced a new AI model capable of producing accurate, large-scale weather forecasts at a lower cost than traditional methods. Experts say AI models could streamline operations, cut costs and bolster decision-making across …
Bad bot traffic is increasing. Automated bot traffic across the Internet is on the rise. Nearly half (49.6%) of all global Internet traffic came from bots in 2023, according to the 2024 Imperva Bad Bot Report, a global analysis of online bot traffic from cybersecurity provider Thales. This marks a 2% increase from the previous …
The majority of consumers in the United States and Australia want the option to buy retail products online from a single, unified platform that spans a range of their day-to-day routines, PYMNTS Intelligence research finds. By the Numbers The PYMNTS Intelligence study “Consumer Interest in an Everyday App,” created in collaboration with PayPal, draws from a …
EBay has launched an artificial intelligence (AI) enhancement that helps fashion consumers “shop the look.” This feature uses consumers’ shopping history to present them with items and outfits that match their style preferences and are available from sellers on the platform, the company said in a Tuesday (April 9) blog post. “We designed shop the look …
Alipay has launched a series of “International Consumer Friendly Zones” in China. The company’s owner, owned by China’s Ant Group, announced Monday (April 8) it is working with local merchants, tourism sites and commercial districts to enhance international visitors’ experience and drive business for local merchants in the country’s main tourist destination cities. Ant Group …
Retailers and CPG companies are prioritizing e-commerce spending. A new survey reveals that the number one technology retailers and CPG companies will dedicate funding to may not be dominating the news. According to a new global study of retailers and CPG companies from unified supply chain/retail planning technology provider Relex Solutions, while 57% of retailers …
Amazon is making it easier for consumers to use its palm payment tool Amazon One. “Until today, customers had to visit a physical location to hover their palm over an Amazon One device to sign up for the service,” the company said in a news release Thursday (March 28). “Now, they can sign up for Amazon One from home, …
Payop and Tink partnered to promote the adoption of pay-by-bank as a payment method across Europe. Payop added Tink’s pay-by-bank offering to the eCommerce checkout options it offers to European merchants, the companies said in a Wednesday (March 27) press release emailed to PYMNTS. During Payop’s testing of Tink’s pay-by-bank option, from January to December 2023, the number …
The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay. While digital wallets first emerged in the late 1990s, the Covid-19 pandemic provided an adoption tipping …
Alipay’s annual cumulative transaction limit for foreign visitors has also been increased to US$50,000, up from the previous US$10,000 limit, in line with a new People’s Bank of China policy, the group said. 02:40 How mobile payments impact people’s lives in China How mobile payments impact people’s lives in China Tencent on Thursday said foreign …