The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act.The probe will look at the online marketplace’s management and mitigation of risks, content moderation, handling of complaints, transparency of advertising, traceability of traders and accessibility of data to researchers, the EC said in a Thursday (March 14) press release.The opening of formal proceedings does not prejudge an outcome, the release said. Instead, it mea ...

Oracle has added new generative artificial intelligence (AI) capabilities to its Fusion Cloud Applications Suite.“The latest AI additions include new generative AI capabilities embedded in existing business workflows across finance, supply chain, HR, sales, marketing, and service,” the software company said in a Thursday (March 14) press release.In addition, the rollout also includes an expansion of the Oracle Guided Journeys’ extensibility framework to let customers and partners incorporate more generative ...

Search online for the words “Facebook scams” and your search engine will immediately deliver myriad news stories warning consumers to be vigilant when scrolling through the site.    One recent story specifically identifies Facebook Marketplace as an especially popular place for scammers to hang out. So popular, in fact, that some U.S. banks are now issuing warnings to their customers to proceed with caution when shopping there.  Facebook Marketplace is one of many online bazaars that enable bargain hunters ...

PPRO has raised 85 million euros ($93 million) to expand and enhance its local payments platform.The company will use the new funding to grow in key markets and enhance its global network of local payment methods, PPRO said in a Wednesday (March 13) press release.“Our focus on helping customers access new markets by creating seamless local payment experiences is validated by the strong demand we’re seeing, as well as by this infusion of capital which represents a real vote of confidence in PPRO’s growth pro ...

Microsoft will make its generative artificial intelligence (GenAI)-powered security tool, Copilot for Security, generally available worldwide beginning April 1.The company is also introducing a pay-as-you-go licensing model for Copilot for Security, saying this will make the tool accessible to more organizations, according to a Wednesday (March 13) blog post.“With this flexible, consumption-based pricing model, you can get started quickly, then scale your usage and costs according to your needs and budget,” ...

Drugmaker Eli Lilly has teamed with Amazon to deliver medications to patients’ homes.The partnership, announced Wednesday (March 13), will see Amazon Pharmacy serve as a third-party dispensing partner for LillyDirect, the company’s new healthcare platform for patients being treated for diabetes, migraines or obesity.“For many patients who start using insulin, or injectable medications for migraine or obesity, this will be the first time they administer an injection,” the announcement said. “Amazon pharmacis ...

PayPal has appointed former SoFi executive Aaron J. Webster as executive vice president, chief enterprise services officer, effective Monday (March 18).In his new role, Webster will be responsible for global financial crime and fraud prevention programs, regulatory and government relations, and risk and compliance management, PayPal said in a Wednesday (March 13) press release emailed to PYMNTS.Webster brings experience from leading risk management and global operations for “some of the world’s most recogni ...

Goldman Sachs and BNY Mellon are reportedly delving deeper into the world of blockchain transactions.The two banks were among several firms that took part in a series of tests on a blockchain network connecting various financial institutions, one of the largest-scale of such pilots in capital markets, Bloomberg News reported Tuesday (March 12).According to the report, the so-called Canton Network was launched last year by the startup Digital Asset Holdings. Participants made more than 350 simulated transact ...

Mastercard is piloting a subscription management solution that financial institutions can add to their consumer banking offerings.The new Smart Subscriptions solution enables consumers to cancel, pause and resume their subscriptions, the company said in a Tuesday (March 12) press release.It also helps consumers analyze and categorize their spending, see upcoming bills and receive personalized offers from merchants, according to the release.“No matter how many services you pay for, managing those recurring s ...

Visa has launched a collaboration with SAP-owned working capital management solutions provider Taulia.The partnership, announced Tuesday (March 12), brings together Visa’s digital payments technology and Taulia Virtual Cards, a solution that integrates with SAP’s enterprise resource planning (ERP) offerings and business applications. “Visa and Taulia’s partnership will simplify payments across the business ecosystem by enabling virtual payment credentials to work natively across SAP business applications,” ...