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Transforming Supply Chains: RedCloud’s Use of Open Commerce Technologies to Secure Pharmaceuticals

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The rise of counterfeit pharmaceuticals demands urgent action to secure supply chains. As digitalization becomes crucial, Open Commerce technologies offer a path to enhanced traceability and risk mitigation. Justin Floyd, RedCloud’s CEO, points out that data-driven solutions enable stakeholders to monitor supply chains effectively, fill communication gaps, and protect consumers.

LONDON, Nov. 25, 2024 /PRNewswire-PRWeb/ — The World Health Organization (WHO) has identified counterfeit medicines as one of the most urgent health challenges of the decade, with more than 1 in 10 medicines in low- and middle-income countries being substandard or falsified. (1) This global problem is magnified by the intricate nature of modern supply chains, where pharmaceuticals produced in one region can be packaged and sold worldwide. This complexity allows counterfeiters to infiltrate the market, posing severe risks to global health and straining healthcare systems. “This highlights the broader implications of the limitations of early e-commerce models,” points out Justin Floyd, Founder and CEO of RedCloud. “Open Commerce offers a solution to this threat, committed to ensuring transparency throughout the supply chain.”

“Counterfeit pharmaceuticals are a global threat, endangering public health and straining healthcare systems. Open Commerce technologies, like those offered by RedCloud, ensure transparency, enhance traceability, and empower stakeholders to secure supply chains and protect consumers.”

The Double-Edged Nature of Online Commerce
The global counterfeit market has an estimated value of US$200 and US$432 billion, positioning pharmaceuticals as the leading illicit activity, surpassing other underground economic operations. (2)
While the e-commerce boom has expanded access by introducing online pharmacies to the global market, it has also amplified the distribution of counterfeit drugs and diverted products. Many consumers, motivated by the high cost of prescriptions, turn to online pharmacies for lower-priced alternatives.
This economic pressure drives nearly 90% of patients to prioritize cost savings, even if it means risking their health with medications that could be falsified or substandard. (3) The problem is not just the affordability but the awareness gap—most buyers remain uninformed about the authenticity and safety of their online purchases. The impact is severe: 74% of people note their inability to identify counterfeit items, reinforcing the cycle of underreporting and unregulated sales. (3) “The result is a market that endangers public health, shakes consumer trust and exerts economic strain on legitimate stakeholders”, points out Floyd.

Case Studies and Real-World Implications
With this year’s skyrocketing popularity, it was only a matter of time before counterfeiters targeted Ozempic. Fake versions of the drug, used for diabetes management and weight loss, were discovered in at least 28 countries, sometimes appearing as insulin pens. (4) Worst cases have led to hospitalizations in several countries, including the U.S. This incident reveals how counterfeiters exploit high-demand drugs by forging batch numbers to introduce fake products into the supply chain, risking consumer’s health. (4)

Another example of this is the Biktarvy case. The manufacturer of this essential HIV medication was alerted when a patient reported receiving a sealed bottle of Biktarvy containing an over-the-counter headache pain reliever instead. Investigators found that counterfeiters had obtained authentic empty bottles, refilled them with the wrong pills, and repackaged them with fake seals. (5)

These cases highlight a range of deceptive methods employed by counterfeiters to infiltrate the pharmaceutical market, including:

Product Diversion: Genuine medications are redirected from their intended supply chain for unauthorized resale. Some patients sell their pills at a fraction of the cost. (5) Buyers alter the bottles and resell them through wholesale distributors. This way diverted products reenter the supply chain, increasing the risk of reaching patients.Repackaging with Counterfeit Seals: Counterfeiters often use genuine or convincingly authentic-looking seals and packaging to mislead consumers and distributors into believing the product is legitimate.Batch Number Falsification and Labels: Forgers alter or replicate authentic labels and falsify legitimate batch numbers. (4) By doing so, they make counterfeit products seem traceable and authentic, bypassing regulatory checks and allowing them to circulate undetected in the marketplace.

Open Commerce Technologies: Embracing the Role of Traceability
The rise of counterfeit products and the increasing complexity of global supply chains demands a new approach to ensure product authenticity and safety.
Adopting traceability technologies and open commerce platforms such as RedCloud, offers a vital solution. Digitalizing supply chain operations allows manufacturers, wholesalers, and distributors to track products from origin to end-user, ensuring every step is secure and traceable.

As Justin Floyd, Founder and CEO of RedCloud, states “We can make a difference to them and their customers.” By enabling better data sharing across all levels of the supply chain, Open Commerce addresses a key issue – the lack of digitization among stakeholders. These innovations don’t just protect public health but support smaller players in the market. “This is how they can compete with larger, more established businesses by leveraging transparent, AI-enhanced systems that mitigate risks and optimize supply chain operations”, Floyd concludes.

About RedCloud    
Based in London, UK, RedCloud Technology was founded in 2014 and stands as a “Rebel Alliance,” leading a bold, second-generation e-commerce transformation. Rejecting the high fees of tech giants, RedCloud leverages AI-enabled supply chain solutions to empower smaller businesses to compete with major corporations. Their democratized, platform provides financial visibility, offering a level playing field that breaks free from the dominance of conventional marketplaces. RedCloud embodies a fairer, more inclusive digital commerce future where Davids can stand tall against Goliaths. Visit https://redcloudtechnology.com/.

References:
1. World Health Organization. “Substandard and Falsified Medical Products.” http://www.who.int, http://www.who.int/health-topics/substandard-and-falsified-medical-products#tab=tab_1.
2. Ofori-Parku, Sylvester Senyo. “Fighting the Global Counterfeit Medicines Challenge: A Consumer-Facing Communication Strategy in the US Is an Imperative.” Nih.gov, 2024, pmc.ncbi.nlm.nih.gov/articles/PMC9031510/.
3. Schmitt, Kellie. “Fake Drugs, Real Dangers | Hopkins Bloomberg Public Health Magazine.” Magazine.publichealth.jhu.edu, 29 Apr. 2024, magazine.publichealth.jhu.edu/2024/fake-drugs-real-dangers.
4. Wingrove, Patrick. “Fake Ozempic: How Batch Numbers Help Criminal Groups Spread Dangerous Weight Loss Drugs.” Reuters, 5 Sept. 2024, http://www.reuters.com/business/healthcare-pharmaceuticals/fake-ozempic-how-batch-numbers-help-criminal-groups-spread-dangerous-drugs-2024-09-05/.
5. Brewer, Contessa, and Scott Zamost. “Fraud in a Bottle: How Big Pharma Takes on Criminals Who Make Millions off Counterfeit Drugs.” CNBC, 11 Dec. 2023, http://www.cnbc.com/2023/12/11/fraud-in-a-bottle-big-pharma-takes-on-counterfeit-drugs.html.

Media Inquiries:
Karla Jo Helms
JOTO PR™
727-777-4629
jotopr.com

Media Contact

Karla Jo Helms, JOTO PR™, 727-777-4629, khelms@jotopr.com , jotopr.com

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SOURCE RedCloud 

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BinBase Launches 2026 BIN Database Featuring 6-11 Digit Waterfall Lookup for High-Precision Payment Routing

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July 22, 2026

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BinBase introduces its upgraded 2026 BIN Database, offering 3.2M+ card ranges, 29 granular data attributes, and extended 8-11 digit accuracy to eliminate false-positives and optimize routing for global fintechs.

MIAMI, July 21, 2026 /PRNewswire-PRWeb/ — BinBase, a provider of payment intelligence and card issuing data, has announced the official release of its updated 2026 BIN Database. Engineered for payment gateways, acquiring banks, fraud prevention platforms, and e-commerce platforms, the updated dataset solves critical routing inaccuracies caused by the industry-wide shift from legacy 6-digit BINs to extended 8-to-11-digit card ranges.

Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the surgical precision developers need for cost-effective payment routing.

Since ISO/IEC 7812 expanded the standard Bank Identification Number (BIN) length to 8 digits, traditional 6-digit lookup tables have struggled to correctly identify modern card profiles. This leads to false positives, misidentified interchange fees, and failed transactions. BinBase addresses this challenge by introducing a multi-tiered database structure supporting up to 11-digit precision, alongside a recommended “Waterfall Lookup Algorithm.”

To ensure 100% routing and verification accuracy, the Waterfall method executes a descending search sequence: checking 11-digit BIN ranges down through 10, 9, 8, 7, and 6 digits until an exact match is resolved.

Key technical specifications of the 2026 BinBase release include:

Over 3.2 Million Card Ranges: Full global coverage including Visa, Mastercard, Amex, Discover, UnionPay, JCB, and regional networks.Extended Precision: Over 88% of the dataset consists of high-precision ranges (8–11 digits) to accurately isolate sub-brands, currencies, and card tiers.29 Granular Attributes: Beyond core issuer data, the database features advanced parameters including Durbin Regulation status, US Debit/ATM network routing (STAR, NYCE), Fast Funds (Visa Direct / Mastercard MoneySend indicators), commercial Level 2/Level 3 data, and digital wallet token ranges (Apple Pay / Google Pay).

“Modern payment processing requires surgical precision,” said a spokesperson for Damiko Inc. “Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the underlying intelligence developers need to build resilient, cost-effective payment infrastructure.”

Developers and payment teams can evaluate the full 29-field database schema, review integration examples, and download a free 2026 sample dataset on the official GitHub repository.

To learn more about full commercial licensing options, instant CSV downloads, and custom API delivery, visit BinBase.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate fraud.

Media Contact

Fedor Lavrikoff, BinBase, 1 +17866133333, sales@binbase.com, htttps://www.binbase.com 

View original content:https://www.prweb.com/releases/binbase-launches-2026-bin-database-featuring-6-11-digit-waterfall-lookup-for-high-precision-payment-routing-302829291.html

SOURCE BinBase

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Redington Limited and AutomationEdge Announce Strategic Partnership to Accelerate Enterprise Automation and Agentic AI Adoption

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54 minutes ago

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July 22, 2026

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MUMBAI, India, July 22, 2026 /PRNewswire/ — Redington, a leading technology aggregator and innovation catalyst, and AutomationEdge, a leading Agentic Process Automation platform for global enterprises, have announced a strategic partnership to accelerate the adoption of enterprise automation and Agentic AI. The collaboration brings together Redington’s extensive distribution ecosystem and partner network with AutomationEdge’s enterprise-grade Agentic Process Automation platform to enable faster, scalable, and outcome-driven digital transformation for organizations.

As a part of the partnership, AutomationEdge’s portfolio of AI Agents and automation solutions is now available through the Redington AI Exchange Marketplace, enabling partners and customers to easily discover, evaluate, and deploy enterprise-ready AI solutions. This availability significantly reduces the time required to adopt AI-driven automation and provides organizations with access to proven use cases that can deliver measurable business outcomes.

The partnership is focused on delivering solution-led automation offerings that simplify adoption for enterprises and channel partners. By combining Redington’s go-to-market reach with AutomationEdge’s 10x automation capabilities, the two organizations aim to help businesses move from fragmented automation initiatives to enterprise-wide orchestration—driving efficiency, agility, and operational excellence.

Through this collaboration, both companies will jointly promote pre-built automation and AI Agent solutions across key business functions, including banking operations, insurance processes, IT / HR operations, customer service, and finance functions. These solutions include ready-to-deploy workflows, AI Agents, demonstration environments, and implementation frameworks designed to accelerate deployment and reduce complexity.

The partnership will also include joint go-to-market initiatives such as partner enablement programs, co-branded workshops, solution showcases, and proof-of-concept (PoC) engagements. These initiatives are designed to equip Redington partners with the knowledge, tools, and support needed to successfully position, sell, and implement AI-powered automation solutions for enterprise and mid-market customers.

Sayantan Dev, Global Head, Software Solutions Group, Redington, said, “The next phase of AI adoption will be defined by execution. Through the Redington AI Exchange Marketplace, we are bringing together the technologies and ecosystem needed to help partners deliver real business outcomes at scale. AutomationEdge’s Agentic AI and automation capabilities strengthen our ability to enable customers to accelerate AI adoption with greater speed, governance, and confidence.”

Prasad Likhite, Chief Sales Officer of AutomationEdge, said, “We are delighted to strengthen our partnership with Redington and accelerate the adoption of next-generation enterprise automation and Agentic AI solutions across the market. The availability of AutomationEdge AI Agents through the Redington AI Exchange Marketplace marks an important milestone in democratizing AI-led transformation, enabling enterprises to rapidly scale intelligent automation initiatives with speed, agility, and measurable business impact. At the same time, it creates significant opportunities for partners to drive innovation, unlock new revenue streams, and deliver greater value to their customers.”

The collaboration also emphasizes localized support, implementation expertise, and customer success services, ensuring that organizations can seamlessly deploy, manage, and scale automation initiatives. By leveraging Redington’s strong partner ecosystem and AutomationEdge’s deep expertise in automation and Agentic AI, the partnership is well-positioned to address the evolving needs of modern enterprises.

As organizations increasingly prioritize productivity, operational efficiency, and AI-led transformation, this partnership marks a significant step toward making enterprise automation and Agentic AI more accessible, scalable, and impactful across industries.

 About Redington

Redington Limited (NSE: REDINGTON) (BSE: 532805), a leading technology solutions provider, empowers businesses in their digital transformation journeys. Guided by its brand narrative “Unlock Next”, Redington goes beyond distribution to remove barriers, accelerate digital adoption, and unlock access, growth, trust, efficiency, and impact—helping businesses, communities, and societies embrace what’s next in technology

About AutomationEdge

AutomationEdge is a leading Agentic Process Automation platform for global enterprises. Its platform enables organizations to automate complex business processes, deploy AI Agents at scale, improve operational efficiency, and accelerate digital transformation initiatives across industries.

Media Contact:
Rahul Wandile
rahul.wandile@automationedge.com

 

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Applied Intuition Launches Dana, the Agentic Platform for Physical AI

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54 minutes ago

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July 22, 2026

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New platform pairs agentic AI with the tooling, data, infrastructure and domain expertise Applied Intuition has built over nearly a decade to speed the safe development of intelligent machines for the physical world.

Dana is the first agentic platform for building, testing, deploying and operating physical AI systems across industries.Built on nearly a decade of Applied Intuition’s tooling, infrastructure, workflows and engineering expertise, Dana is purpose-built for safety-critical systems operating in the physical world.Dana helps companies build physical AI applications for any industry or use case, from autonomy and software-defined vehicles to fleet operations, robotics, construction, mining and intelligent in-vehicle experiences.Dana has already reduced critical phases of vehicle development from months to days in internal and select customer deployments.

SUNNYVALE, Calif., July 22, 2026 /PRNewswire/ — Applied Intuition, Inc., a leader in physical AI, today announced the launch of Dana, the first agentic platform for building, testing, deploying and operating physical AI systems across industries. Dana combines the power of agentic AI and rapid application development with nearly a decade of Applied Intuition’s tooling, infrastructure and engineering knowledge. The result is a unified system that accelerates the development of intelligent machines in the physical world.

“We believe physical AI will become one of the defining technologies of this century,” said Qasar Younis, co-founder and CEO of Applied Intuition. “Our ambition is to help bring intelligence to a billion machines, and Dana is the platform we built to make that possible.”

Unlike general-purpose AI tools designed primarily for digital workflows, Dana is built for the complexities of machines operating in the physical world. Dana comes with all the platform capabilities needed to build and deploy safety-critical physical AI applications, including data, visualization and tooling, as well as the evaluation, traceability and governance these systems require. The platform was designed to work across industries and with a wide range of use cases, from software-defined vehicle development and advanced driver assistance systems (ADAS) to mining and construction operations, truck fleet management, robotics and intelligent in-vehicle experiences. With Dana, customers can:

Deploy Applied Intuition’s reference applications — spanning autonomy, fleet operations, and more — or build their own.Use both natural language and command-line interfaces to complete complex development tasks more intuitively and accelerate iteration cycles across teams and systems.Integrate the platform with enterprise systems and collaboration tools, like Slack and Jira, helping organizations connect fragmented engineering and operational workflows while embedding agentic capabilities across the development process.

Applied Intuition has used Dana internally since last year, building and delivering solutions on the platform for long-standing customers across automotive, trucking, mining, and agriculture. Dana’s agent-driven workflows have reduced critical phases of vehicle development timelines from months to days in some cases. Applied Intuition has offered limited, early access to select customers, including heavy-equipment manufacturer Komatsu and Isuzu Motors, who is using the platform to accelerate L4 autonomy for its fleet of commercial trucks.

“We’ve been impressed by how Dana can streamline complex engineering workflows and accelerate development,” said Yasuhiro Yazawa, Director, Isuzu Motors Limited, Japan. “Dana gives our engineering teams greater confidence to develop, track and deploy safe autonomous-vehicle capabilities at a much faster pace.”

“Applied Intuition has been a valuable technology partner as we continue advancing the digital capabilities that support the next generation of mining equipment and solutions,” said Peter Salditt, CEO, Komatsu Mining. “Dana represents another step forward, bringing intelligent, agentic capabilities into our engineering workflows to help our teams innovate faster, improve efficiency and ultimately create greater value for our customers’ operations.”

Dana is designed to help companies keep up with the fundamental shift now underway across industries. As autonomous vehicles, robots and industrial systems become more capable, manufacturers need a more integrated way to build, validate and deploy them safely. Dana gives teams a faster path from idea to production, and the confidence to put increasingly intelligent machines into the real world.

The future of AI is physical. Dana was built for it.

To learn more about Dana and Applied Intuition’s physical AI platform, visit AppliedIntuition.com.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems, and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with nearly two dozen offices across the globe, including in London, Munich, Tokyo, Seoul, and the Washington, D.C. metro area. Learn more at applied.co or press@applied.co.

View original content:https://www.prnewswire.com/apac/news-releases/applied-intuition-launches-dana-the-agentic-platform-for-physical-ai-302831516.html

SOURCE Applied Intuition, Inc.

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