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MerchantE Launches Exclusive Relationship with UnionPay SecurePlus…

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U.S. retailers and others that accept online payments can tap into a huge revenue source if they include UnionPay credit and debit card acceptance among their options for payment methods.

MerchantE, a leading end-to-end digital commerce platform, now offers UnionPay SecurePlus powered by Payscout, opening trillions of dollars in spending by billions of global consumers to U.S. businesses.

“UnionPay serves a vast and rapidly growing market in the U.S. and around the world,” says Sandra Blair, Chief Product Officer at MerchantE. “U.S. retailers and others that accept online payments can tap into a huge revenue source if they include UnionPay credit and debit card acceptance among their options for payment methods. We are delighted to offer UnionPay SecurePlus enabled by Payscout’s convenient and secure payment platform to support U.S. businesses as they look to attract new customers and increase their global sales.”

The relationship with UnionPay and Payscout – exclusive to MerchantE at launch in the United States – offers businesses access to credit and debit card transactions via UnionPay, China’s sole bankcard association and the largest provider of payment cards in the world. The company has issued more than 9 billion cards since 2002, more than Visa and Mastercard combined.

UnionPay SecurePlus offers low-friction, two-factor authentication that increases security, reduces online payment fraud and clears obstacles to approvals for larger-than-average transactions. Using UnionPay SecurePlus has been shown to increase approval rates from 30% to 90% as compared to other UnionPay platforms.

“As a leader in global payment processing, we are thrilled to partner with MerchantE on UnionPay SecurePlus, an exciting payment solution that will benefit both merchants and consumers,” says Manpreet Singh, President and Co-Founder of Payscout. “Through the SecurePlus solution, merchants can achieve unprecedented revenue growth, while taking advantage of exclusive features such as instant onboarding, faster settlement and enhanced security, which means more transaction approvals and less fraud.”

While UnionPay’s primary market is mainland China, the company also has issued more than 145 million cards outside the country. UnionPay cards are accepted in 179 countries and regions and by some 87 million businesses worldwide – 32 million outside China.

Removes issues with debit card acceptance

For billions of Chinese consumers, UnionPay is the only payment card they use, and more than three-quarters of cards are debit. However, UnionPay debit cards can only be used in the UnionPay network and networks that have signed contracts directly with UnionPay – such as Payscout, a principal member of the UnionPay network.

Debit card limitations result in an increased proportion of UnionPay debit card transactions being declined, and businesses may be shut out of the approximately $14.3 trillion in sales UnionPay cardholders transact each year. Limitations also impact cardholders who are not able to complete large or critical online transactions, such as paying tuition and tutoring fees at educational institutions in the United States or purchasing both mainstream and luxury goods.

Enrollment through MerchantE in UnionPay SecurePlus powered by Payscout removes the issue with debit card transactions. It also offers businesses instant onboarding and faster settlement (two days versus a more typical five).

To learn more and apply, visit MerchantE.com.

About MerchantE

MerchantE provides a financial technology platform that drives digital commerce and supports the money management needs of growing businesses. Its customers gain a competitive advantage with their services to revolutionize the way they bring money in, move money out, and make money decisions. MerchantE helps their partners by offering tools and revenue streams to integrate, self-brand, refer, or resell their products and services. MerchantE has 300+ employees and is located in Alpharetta, Georgia. For more information please visit MerchantE.com.

About Payscout

Payscout is a global payment technology company with proprietary solutions designed to increase conversion, add layers of security, and lower processing costs. Payscout’s Paywire platform features an easy-to-integrate API, support for multichannel processing, and international transaction enablement. Payscout is a Principal Member and Global Acquirer for UnionPay International. For more information please visit Payscout.com.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.prweb.com/releases/merchante_launches_exclusive_relationship_with_unionpay_secureplus_powered_by_payscout/prweb17776558.htm

Blockchain

Bitcoin’s Price Fell. So…What?

Bitcoin is a very new technology, even though the concept that it brings to life is decades old. The double spending problem has been…

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Beautyon

Bitcoin is a very new technology, even though the concept that it brings to life is decades old. The double spending problem has been solved; this means that it is possible to use a digital certificate to stand in the place of money and be sure that no one else can spend that certificate other than you as long as you hold it. This is an unprecedented paradigm shift, the implications of which are not yet fully understood, and for which the tools do not yet exist to fully take advantage of this new idea.

This new technology requires some new thinking when it comes to developing businesses that are built upon it. In the same way that the pioneer providers of email did not correctly understand the service they were selling for many years, new and correct thinking about Bitcoin is needed, and will emerge, so that it reaches its full potential and becomes ubiquitous.

The original Hotmail Interface

Hotmail used familiar technologies (the browser, email) to create a better way of accessing and delivering email; the idea of using an email client like Outlook Express has been superseded by web interfaces and email ‘in the cloud’ that provides many advantages over a dedicated client with your mail in your own local storage.

Bitcoin, which will transform the way you transfer money, needs to be understood on its own terms, and not just as an online form of money. Thinking about Bitcoin as money is as absurd as thinking about email as another form of sending letters by post; one not only replaces the other but it profoundly changes the way people send and consume messages. It is not a simple substitution or one dimensional improvement of an existing idea or service.

As I have explained previously, Bitcoin is not money. Bitcoin is a protocol. If you treat it in this way, with the correct assumptions, you can start the process of putting Bitcoin in a proper context, allowing you to make rational suggestions about the sort of services that might be profitable based on it.

Every part of Bitcoin is text. It is always text, and never at any point ceases to be text. This is a fact, and as text, it is protected under the free speech provisions of the constitutions of civilized nations with guaranteed, irrevocable rights.

When you type in an email on your Gmail account, you are inputting your ‘letter’. You press send, it goes through your ISP, over the internets, into the ISP of your recipient and then it is outputted on your recipient’s machine. The same is true of Bitcoin; you input money on one end through a service and then send the Bitcoin to your recipient, without an intermediary to handle the transfer. Once Bitcoin does its job of moving your value across the globe to its recipient it needs to be ‘read out’, i.e. turned back into money, in the same way that your letter is displayed to its recipient in an email.

In the email scenario, once the transfer happens and the email you have received conveys its information to you, it has no use other than to be a record of the information that was sent (accounting), and you archive that information. Bitcoin does this accounting in the block chain for you, and a good service built on it will store extended transaction details for you locally, but what you need to have as the recipient of Bitcoin is money or goods not Bitcoin itself.

Despite the fact that you cannot double spend them and each one is unique, Bitcoins have no inherent value, unlike a book or any physical object. Mistaken thinking about Bitcoin has spread because it behaves like money, due to the fact it cannot be double spent. This fact however has masked Bitcoin’s dual nature of being digital, duplicable and not double spendable.

Razzles. They start as a candy, and then end as a gum. Before you chew them, which are they? A candy, or a gum?

Bitcoin is digital, with all the qualities of information that make information non scarce. It sits in a new place that oscillates between the goods of the physical world and the infinitely abundant digital world of information, belonging exclusively to the digital world but having the characteristics of both. This is why it has been widely misunderstood and why a new approach is needed to design businesses around it.

All of this goes some way to explain why the price of buying Bitcoins at the exchanges doesn’t matter. If the cost of buying a Bitcoin goes to 1¢ This does not change the amount of money that comes out at the other end of a transfer. As long as you redeem your Bitcoin immediately after the transfer into either goods or currency, the same value comes out at the other end no matter what you paid for the Bitcoin when you started the process.

Think about it this way. Let us suppose that you want to send a long text file to another person. You can either send it as it is, or you can compress it with zip. The size of a document file when it is zipped can be up to 87% smaller than the original. When we transpose this idea to Bitcoin, the compression ratio is the price of Bitcoin at an exchange. If a Bitcoin is $100, and you want to buy something from someone in India for $100 you need to buy 1 Bitcoin to get that $100 to India. If the price of Bitcoin is 1¢ then you need 10,000 Bitcoins to send $100 dollars to India. These would be expressed as compression ratios of 1:1 and 10,000:1 respectively.

The same $100 value is sent to India, whether you use 10,000 or 1 Bitcoin. The price of Bitcoins is irrelevant to the value that is being transmitted, in the same way that zip files do not ‘care’ what is inside them; Bitcoin and zip are dumb protocols that do a job.

As long as the value of Bitcoins does not go to zero, it will have the same utility as if the value were very ‘high’.

Bearing all of this in mind, it’s clear that new services to facilitate the rapid, frictionless conversion into and out of Bitcoin are needed to allow it to function in a manner that is true to its nature.

Imagine this; you receive an email from across the world, and are notified of the fact by being displayed the subject line in your browser. You then apply to your ISP to have this email delivered to you, and you have to wait seven days for it to arrive in your physical mail box.

The very idea is completely absurd, and yet, this is exactly what is happening with Bitcoin, for no technical reason whatsoever.

It is clear that there needs to be a re-think of the services that are growing around Bitcoin, along with a re-think of what the true nature of Bitcoin is. Rethinking services is a normal part of entrepreneurialism and we should expect business models to fail and early entrants to fall by the wayside as the ceaseless iterations and pivoting progress.

Bearing all of this in mind, focusing on the price of Bitcoin at exchanges using a business model that is inappropriate for this technology simply is not rational; it’s like putting a methane breathing canary in a mine full of oxygen breathing humans as a detector. The bird dies even though nothing is wrong with the air; the miners rush to evacuate, leaving the exposed gold seams behind, thinking that they are all about to be wiped out, when all is actually fine.

Day traders speculating on Bitcoin from home cause the price to oscillate. It’s an artificial signal that has nothing to do with demand for Bitcoin and its circulation as an economic tool to facilitate commerce.

Bitcoin, and the ideas behind it are here to stay. As the number of people downloading the clients, apps wallet and and tools and building on it increases, like Hotmail, it will eventually reach critical mass and then spread exponentially through the Internet. When that happens, the correct business models will spontaneously emerge, as they will become obvious, in the same way that Hotmail, Gmail, Facebook, cellular phones and instant messaging seem like second nature.

In the future. I imagine that very few people will speculate on the value of Bitcoin, because even though that might be possible, and even profitable, there will be more money to be made in providing easy to use Bitcoin services that take full advantages of what Bitcoin is.

One thing is for sure; speed will be of the essence in any future Bitcoin business model. The startups that provide instant satisfaction on both ends of the transaction are the ones that are going to succeed. Even though the volatility of the price of Bitcoin is bound to stabilise, since it has no use in and of itself, getting back to money or goods instantly will be a sought after characteristic of any business built on Bitcoin.

The needs of Bitcoin businesses provide many challenges in terms of performance, security and new thinking. Out of these challenges will come new practices and software that we can only just imagine as they come over the horizon.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://medium.com/swlh/bitcoins-price-fell-so-what-a2f1f73bbe19?source=rss——-8—————–cryptocurrency

Continue Reading

Blockchain

Bitcoin’s Price Fell. So…What?

Bitcoin is a very new technology, even though the concept that it brings to life is decades old. The double spending problem has been…

Avatar

Published

on

Beautyon

Bitcoin is a very new technology, even though the concept that it brings to life is decades old. The double spending problem has been solved; this means that it is possible to use a digital certificate to stand in the place of money and be sure that no one else can spend that certificate other than you as long as you hold it. This is an unprecedented paradigm shift, the implications of which are not yet fully understood, and for which the tools do not yet exist to fully take advantage of this new idea.

This new technology requires some new thinking when it comes to developing businesses that are built upon it. In the same way that the pioneer providers of email did not correctly understand the service they were selling for many years, new and correct thinking about Bitcoin is needed, and will emerge, so that it reaches its full potential and becomes ubiquitous.

The original Hotmail Interface

Hotmail used familiar technologies (the browser, email) to create a better way of accessing and delivering email; the idea of using an email client like Outlook Express has been superseded by web interfaces and email ‘in the cloud’ that provides many advantages over a dedicated client with your mail in your own local storage.

Bitcoin, which will transform the way you transfer money, needs to be understood on its own terms, and not just as an online form of money. Thinking about Bitcoin as money is as absurd as thinking about email as another form of sending letters by post; one not only replaces the other but it profoundly changes the way people send and consume messages. It is not a simple substitution or one dimensional improvement of an existing idea or service.

As I have explained previously, Bitcoin is not money. Bitcoin is a protocol. If you treat it in this way, with the correct assumptions, you can start the process of putting Bitcoin in a proper context, allowing you to make rational suggestions about the sort of services that might be profitable based on it.

Every part of Bitcoin is text. It is always text, and never at any point ceases to be text. This is a fact, and as text, it is protected under the free speech provisions of the constitutions of civilized nations with guaranteed, irrevocable rights.

When you type in an email on your Gmail account, you are inputting your ‘letter’. You press send, it goes through your ISP, over the internets, into the ISP of your recipient and then it is outputted on your recipient’s machine. The same is true of Bitcoin; you input money on one end through a service and then send the Bitcoin to your recipient, without an intermediary to handle the transfer. Once Bitcoin does its job of moving your value across the globe to its recipient it needs to be ‘read out’, i.e. turned back into money, in the same way that your letter is displayed to its recipient in an email.

In the email scenario, once the transfer happens and the email you have received conveys its information to you, it has no use other than to be a record of the information that was sent (accounting), and you archive that information. Bitcoin does this accounting in the block chain for you, and a good service built on it will store extended transaction details for you locally, but what you need to have as the recipient of Bitcoin is money or goods not Bitcoin itself.

Despite the fact that you cannot double spend them and each one is unique, Bitcoins have no inherent value, unlike a book or any physical object. Mistaken thinking about Bitcoin has spread because it behaves like money, due to the fact it cannot be double spent. This fact however has masked Bitcoin’s dual nature of being digital, duplicable and not double spendable.

Razzles. They start as a candy, and then end as a gum. Before you chew them, which are they? A candy, or a gum?

Bitcoin is digital, with all the qualities of information that make information non scarce. It sits in a new place that oscillates between the goods of the physical world and the infinitely abundant digital world of information, belonging exclusively to the digital world but having the characteristics of both. This is why it has been widely misunderstood and why a new approach is needed to design businesses around it.

All of this goes some way to explain why the price of buying Bitcoins at the exchanges doesn’t matter. If the cost of buying a Bitcoin goes to 1¢ This does not change the amount of money that comes out at the other end of a transfer. As long as you redeem your Bitcoin immediately after the transfer into either goods or currency, the same value comes out at the other end no matter what you paid for the Bitcoin when you started the process.

Think about it this way. Let us suppose that you want to send a long text file to another person. You can either send it as it is, or you can compress it with zip. The size of a document file when it is zipped can be up to 87% smaller than the original. When we transpose this idea to Bitcoin, the compression ratio is the price of Bitcoin at an exchange. If a Bitcoin is $100, and you want to buy something from someone in India for $100 you need to buy 1 Bitcoin to get that $100 to India. If the price of Bitcoin is 1¢ then you need 10,000 Bitcoins to send $100 dollars to India. These would be expressed as compression ratios of 1:1 and 10,000:1 respectively.

The same $100 value is sent to India, whether you use 10,000 or 1 Bitcoin. The price of Bitcoins is irrelevant to the value that is being transmitted, in the same way that zip files do not ‘care’ what is inside them; Bitcoin and zip are dumb protocols that do a job.

As long as the value of Bitcoins does not go to zero, it will have the same utility as if the value were very ‘high’.

Bearing all of this in mind, it’s clear that new services to facilitate the rapid, frictionless conversion into and out of Bitcoin are needed to allow it to function in a manner that is true to its nature.

Imagine this; you receive an email from across the world, and are notified of the fact by being displayed the subject line in your browser. You then apply to your ISP to have this email delivered to you, and you have to wait seven days for it to arrive in your physical mail box.

The very idea is completely absurd, and yet, this is exactly what is happening with Bitcoin, for no technical reason whatsoever.

It is clear that there needs to be a re-think of the services that are growing around Bitcoin, along with a re-think of what the true nature of Bitcoin is. Rethinking services is a normal part of entrepreneurialism and we should expect business models to fail and early entrants to fall by the wayside as the ceaseless iterations and pivoting progress.

Bearing all of this in mind, focusing on the price of Bitcoin at exchanges using a business model that is inappropriate for this technology simply is not rational; it’s like putting a methane breathing canary in a mine full of oxygen breathing humans as a detector. The bird dies even though nothing is wrong with the air; the miners rush to evacuate, leaving the exposed gold seams behind, thinking that they are all about to be wiped out, when all is actually fine.

Day traders speculating on Bitcoin from home cause the price to oscillate. It’s an artificial signal that has nothing to do with demand for Bitcoin and its circulation as an economic tool to facilitate commerce.

Bitcoin, and the ideas behind it are here to stay. As the number of people downloading the clients, apps wallet and and tools and building on it increases, like Hotmail, it will eventually reach critical mass and then spread exponentially through the Internet. When that happens, the correct business models will spontaneously emerge, as they will become obvious, in the same way that Hotmail, Gmail, Facebook, cellular phones and instant messaging seem like second nature.

In the future. I imagine that very few people will speculate on the value of Bitcoin, because even though that might be possible, and even profitable, there will be more money to be made in providing easy to use Bitcoin services that take full advantages of what Bitcoin is.

One thing is for sure; speed will be of the essence in any future Bitcoin business model. The startups that provide instant satisfaction on both ends of the transaction are the ones that are going to succeed. Even though the volatility of the price of Bitcoin is bound to stabilise, since it has no use in and of itself, getting back to money or goods instantly will be a sought after characteristic of any business built on Bitcoin.

The needs of Bitcoin businesses provide many challenges in terms of performance, security and new thinking. Out of these challenges will come new practices and software that we can only just imagine as they come over the horizon.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://medium.com/swlh/bitcoins-price-fell-so-what-a2f1f73bbe19?source=rss——-8—————–cryptocurrency

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AI

AI-driven audio cloning startup gives voice to Einstein chatbot

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You’ll need to prick up your ears for this slice of deepfakery emerging from the wacky world of synthesized media: A digital version of Albert Einstein — with a synthesized voice that’s been (re)created using AI voice cloning technology drawing on audio recordings of the famous scientist’s actual voice.

The startup behind the “uncanny valley” audio deepfake of Einstein is Aflorithmic (whose seed round we covered back in February).

While the video engine powering the 3D character rending components of this “digital human” version of Einstein is the work of another synthesized media company — UneeQ — which is hosting the interactive chatbot version on its website.

Alforithmic says the “digital Einstein” is intended as a showcase for what will soon be possible with conversational social commerce. Which is a fancy way of saying deepfakes that make like historical figures will probably be trying to sell you pizza soon enough, as industry watchers have presciently warned.

The startup also says it sees educational potential in bringing famous, long-deceased figures to interactive “life”.

Or, well, an artificial approximation of it — the “life” being purely virtual and Digital Einstein’s voice not being a pure tech-powered clone either; Alforithmic says it also worked with an actor to do voice modelling for the chatbot (because how else was it going to get Digital Einstein to be able to say words the real-deal would never even have dreamt of saying — like, er, “blockchain”?). So there’s a bit more than AI artifice going on here too.

“This is the next milestone in showcasing the technology to make conversational social commerce possible,” Alforithmic’s COO Matt Lehmann told us. “There are still more than one flaws to iron out as well as tech challenges to overcome but overall we think this is a good way to show where this is moving to.”

In a blog post discussing how it recreated Einstein’s voice the startup writes about progress it made on one challenging element associated with the chatbot version — saying it was able to shrink the response time between turning around input text from the computational knowledge engine to its API being able to render a voiced response, down from an initial 12 seconds to less than three (which it dubs “near-real-time”). But it’s still enough of a lag to ensure the bot can’t escape from being a bit tedious.

Laws that protect people’s data and/or image, meanwhile, present a legal and/or ethical challenge to creating such “digital clones” of living humans — at least not without asking (and most likely paying) first.

Of course historical figures aren’t around to ask awkward questions about the ethics of their likeness being appropriated for selling stuff (if only the cloning technology itself, at this nascent stage). Though licensing rights may still apply — and do in fact in the case of Einstein.

“His rights lie with the Hebrew University of Jerusalem who is a partner in this project,” says Lehmann, before ‘fessing up to the artist licence element of the Einstein “voice cloning” performance. “In fact, we actually didn’t clone Einstein’s voice as such but found inspiration in original recordings as well as in movies. The voice actor who helped us modelling his voice is a huge admirer himself and his performance captivated the character Einstein very well, we thought.”

Turns out the truth about high-tech “lies” is itself a bit of a layer cake. But with deepfakes it’s not the sophistication of the technology that matters so much as the impact the content has — and that’s always going to depend upon context. And however well (or badly) the faking is done, how people respond to what they see and hear can shift the whole narrative — from a positive story (creative/educational synthesized media) to something deeply negative (alarming, misleading deepfakes).

Concern about the potential for deepfakes to become a tool for disinformation is rising, too, as the tech gets more sophisticated — helping to drive moves toward regulating AI in Europe, where the two main entities responsible for “Digital Einstein” are based.

Earlier this week a leaked draft of an incoming legislative proposal on pan-EU rules for “high risk” applications of artificial intelligence included some sections specifically targeted at deepfakes.

Under the plan, lawmakers look set to propose “harmonised transparency rules” for AI systems that are designed to interact with humans and those used to generate or manipulate image, audio or video content. So a future Digital Einstein chatbot (or sales pitch) is likely to need to unequivocally declare itself artificial before it starts faking it — to avoid the need for internet users to have to apply a virtual Voight-Kampff test.

For now, though, the erudite-sounding interactive Digital Einstein chatbot still has enough of a lag to give the game away. Its makers are also clearly labelling their creation in the hopes of selling their vision of AI-driven social commerce to other businesses.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/04/16/ai-driven-audio-cloning-startup-gives-voice-to-einstein-chatbot/

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AI

Top 8 Examples of Chatbots in the eCommerce Industry in 2020

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Master Of Code Global

Chatbots have changed how businesses in the eCommerce industry connect with their customers with instant, affordable, and highly customizable support. Over the years, companies have been innovating with chatbots and coming up with unique implementations that help achieve different business objectives. In this article, we’ll take a closer look at the top 8 examples of chatbots in the eCommerce industry in 2020.

SnapTravel

Nike StyleBot

With a clever campaign during the launch of their AirMax Day shoes, Nike increased its average CTR by 12.5 times and the conversions by 4 times. How did they do it? With a chatbot called StyleBot.

The StyleBot is an AI chatbot that allows enthusiasts to find shoes based on their preferences through product recommendations. However, StyleBot’s party trick was giving users the ability to create their own personalized shoe designs. After designing their own shoes, customers had the option to share it (or save) or even buy it.

Aerie

A lot of eCommerce chatbots have limited functionality, with most of them simply being “store-finders”. Not Aerie’s chatbot though. This chatbot by US-based clothing and lingerie brand has taken a fresh approach to product recommendations. Instead of simply sending the user links to different products, Aerie sends over a side-by-side comparison of two products with two captions: This and That. Users reply with either “This” or “That” to indicate their preferences.

Whole Foods

In 2016, Whole Foods launched its chatbot on Facebook Messenger and it did everything a Whole Foods’ chatbot should do — it helped customers find recipes, ingredients, locate nearby stores, recommend different recipes, and also teach how to make them.

However, Whole Foods’ chatbot was different in one way — customers could use emojis to talk to it. Now not everyone wants to talk using emojis but customer engagement sure increased because people want to see what a chatbot would recommend if you send it an emoji of what’s in your fridge.

Lidl’s Winebot

Lidl’s Winebot Margot is an AI chatbot that recommends different wines to users by catching keywords in their messages, everything from price and grape to taste and region. Margot has a friendly tone and educates users on various types of wines, what they go well with, the price, and quite a few other details — basically everything most people need to quickly pick up a new wine.

1.Chatbot Trends Report 2021

2. 4 DO’s and 3 DON’Ts for Training a Chatbot NLP Model

3. Concierge Bot: Handle Multiple Chatbots from One Chat Screen

4. An expert system: Conversational AI Vs Chatbots

The chatbot is created by Lidl UK and operates on Facebook Messenger.

Sephora Facebook Messenger Chatbots

Sephora has two AI chatbots on Facebook Messenger. The first is the Sephora Reservation Assistant which helps customers make a booking at Sephora quickly. Since its launch, the chatbot has resulted in an 11 percent increase in conversions.

The second chatbot is called Sephora Virtual Artist and is a big step in chatbot innovation. Virtual Artist is a shade matching bot that allows customers to try on different shades of lipstick by uploading a picture. Virtual Artist can also be used to find different shades of lipstick.

Dom Juan (Domino’s Pizza)

In 2016, Domino’s introduced Dom, the Pizza Bot, a chatbot that could take your orders — through voice as well. It’s a great chatbot that works with Facebook Messenger, Slack, WhatsApp, Apple Watch, and a few other platforms. However, it’s not the chatbot we have on our list.

Meet Dom Juan, Domino’s latest chatbot that servers romantics on Tinder “cheesy” messages. It was more of a marketing stunt than actual customer service but it was a great stunt, nonetheless and since we’re giving points for innovation, Dom Juan had to be on this list of top eCommerce chatbots.

Subway (Google RCS)

Google RCS (Rich Communication Services) is a new messaging protocol with endless use cases for business messaging. It also supports advanced chatbots.

However, Subway did not create a chatbot for Google RCS. Instead, they used the service natively to send deals and promotional offers to customers in an interactive and rich-media format. The reason we’re including this in our list of chatbots is because Google RCS will soon become a must-have for business messaging. When Subway used RCS during its limited release phase, it still managed to increase conversions on sandwiches by 140% and by 51% on meal deals. With RCS soon launching on all major networks, this effectiveness will only increase.

These were just eight examples of how eCommerce businesses can leverage conversational technology and chatbots, in particular, to provide an interactive customer experience. If you’re interested in learning more about how chatbots can help you or how you can create a chatbot for your own business, reach out to Master of Code Global today for a free consultation!

CONTACT US FOR A FREE CONSULTATION

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://chatbotslife.com/top-8-examples-of-chatbots-in-the-ecommerce-industry-in-2020-3161394135d8?source=rss—-a49517e4c30b—4

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