Wish marketplace to benefit from automated
capabilities from the AI-driven merchant and marketplace risk
solutions leader
EverC, a leading provider in AI-driven merchant and marketplace
risk intelligence and insights for ecommerce and payment providers,
and ContextLogic Inc. (d/b/a “Wish”) (NASDAQ: WISH), one of the
world’s largest mobile ecommerce platforms, today announced they
have entered into an agreement to fight product counterfeits. The
Wish global online marketplace has selected EverC’s MarketView, a
marketplace risk management solution that can detect dangerous,
illicit, and counterfeit products in as quickly as seconds using
its AI technology.
Wish recognizes regulations in the e-commerce industry are
rapidly evolving. With this agreement with EverC, Wish can increase
operational efficiencies, aim to objectively detect and identify
listings with potentially dangerous, illicit, and counterfeit
products from their global online marketplace, while at the same
time, improve the user’s overall experience on the platform.
“We are thrilled to partner with Wish,” said Maya Barkay, Vice
President of Marketing at EverC. “Our fully automated solution will
enable Wish to onboard new merchants, expand into new categories
with confidence, and drive their company’s marketplace growth in a
way that is consistent with not only regulatory guidelines, but
also our companies’ policies and shared commitments to fighting
piracy and counterfeit products.”
“Improving the consumer experience and achieving operational
excellence are two of our three foundational pillars as a company,
so we have found great alignment in our needs with this business
partnership with EverC,” said Maral Behnam-Garcia, Senior Director
of Global Brand Protection and Intellectual Property at Wish. “Wish
is always seeking improvement in the technological automation of
our enforcement of our content policies; not to mention, the EverC
product greatly complements the Wish Standards program, which
rewards merchants that consistently provide an exceptional
experience to our marketplace users.”
As part of their commitment to an improved customer experience,
signified by a recent rebrand, Wish has partnered with EverC to
incorporate new automation capabilities in addition to its current
policy enforcement efforts. By leveraging the EverC solution for
efficient, effective risk management, Wish can remain focused on
creating a shopping experience that is engaging, yet safe and
secure.
About EverC:
EverC is focused on powering safe, scalable growth for the
online seller ecosystem, with the world’s first fully automated,
AI-driven merchant and marketplace risk management platform. We
provide immediate and ongoing merchant risk intelligence for banks,
acquirers, payment providers, and marketplaces. Learn more at
www.everc.com
About Wish:
Wish (ContextLogic Inc. (d/b/a Wish) brings an affordable and
entertaining shopping experience to millions of consumers around
the world. Since our founding in San Francisco in 2010, we have
become one of the largest global ecommerce platforms, connecting
millions of value-conscious consumers to hundreds of thousands of
merchants globally. Wish combines technology and data science
capabilities and an innovative discovery-based mobile shopping
experience to create a highly-visual, entertaining, and
personalized shopping experience for its users. For more
information about the company or to download the Wish mobile app,
visit www.wish.com or follow @Wish on Facebook, Instagram and
TikTok or @WishShopping on Twitter and YouTube.
Forward Looking Statements
This news release contains forward-looking statements within the
meaning of the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact could be deemed forward-looking, including, but
not limited to, statements regarding Wish's outlook, priorities,
strategic direction, partnership with EverC and its impact,
including the effectiveness of the new tool to identify dangerous,
illicit, and counterfeit products, produce operational
efficiencies, and positively influence the consumer experience,
improved application experience and enhancements, including new
features and initiatives related to women’s fashion and the new
deals hub, shipping and logistics programs, including returns, new
merchant programs and relationships, business operations, and
growth initiatives. In some cases, forward-looking statements can
be identified by terms such as “anticipates,” “believes,” “could,”
“estimates,” “expects,” “foresees,” “forecasts,” “guidance,”
“intends” “goals,” “may,” “might,” “outlook,” “plans,” “potential,”
“predicts,” “projects,” “seeks,” “should,” “targets,” “will,”
“would” or similar expressions and the negatives of those terms.
These forward-looking statements are subject to risks,
uncertainties, and assumptions. If the risks materialize or
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. New
risks emerge from time to time. It is not possible for our
management to predict all risks, nor can we assess the impact of
all factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
we may make. Further information on these and additional risks that
could affect Wish’s results is included in its filings with the
Securities and Exchange Commission (“SEC”), including its most
recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q, and future reports that Wish may file with the SEC from time
to time, which could cause actual results to vary from
expectations. Any forward-looking statement made by Wish in this
news release speaks only as of the day on which Wish makes it. Wish
assumes no obligation to, and does not currently intend to, update
any such forward-looking statements after the date of this
release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221011005856/en/
Media Contact: Mary York, York Public Relations
mary@yorkpublicrelations.com
Carys Comerford-Green, Wish ccomerfordgreen@wish.com
IR contact: Randy Scherago, Wish ir@wish.com
ContextLogic (NASDAQ:WISH)
Historical Stock Chart
From May 2024 to Jun 2024
ContextLogic (NASDAQ:WISH)
Historical Stock Chart
From Jun 2023 to Jun 2024