February 05, 2025
Treasury: Musk Has ‘Read Only’ Access to US Payment Systems
The U.S. Treasury says Elon Musk has only limited access to America’s payment systems. As the Wall Street Journal (WSJ) reported Tuesday (Feb. 4), the Treasury Department says it is carrying out an “operational...
January 28, 2025
DeepSeek Day Two: Focus Turns to Enterprise AI Adoption
Chinese AI startup DeepSeek’s deeply discounted foundation models could herald lower prices for businesses seeking to adopt AI — by removing one of the biggest blockers to enterprise deployment. “Cost...
January 27, 2025
Financial Services Lawyers Call for Simpler Path to Bank Charters
A faster, simpler path to obtaining bank charters would foster innovative financial services, keep this activity within the regulatory perimeter and enhance competition, Klaros Group Partner Michele Alt and seven...
November 13, 2024
Judge Denies Meta Motion to Dismiss FTC Antitrust Lawsuit
A judge reportedly ruled Wednesday (Nov. 13) that a Federal Trade Commission (FTC) lawsuit against Meta can go to trial, largely denying the company’s motion to have the case dismissed. The FTC filed the suit...
November 12, 2024
Meta Protests FTC Plan to Update Privacy Settlement
Meta is reportedly rejecting the FTC’s plan to modify a 2020 privacy settlement. An attorney for the tech giant told the Federal Trade Commission’s (FTC) commissioners at a Tuesday (Nov....
October 29, 2024
Google Workers File Labor Complaint Against Google’s ‘Gag Order’ on...
In a recent escalation of tensions between Google and its workforce, the Alphabet Workers Union (AWU) has filed a complaint with the National Labor Relations Board (NLRB) alleging that Google...
September 24, 2024
Mastercard Taps AI to Tackle UK APP Fraud Epidemic
Mastercard has introduced what it says are new protections against real-time payment scams. The update to the company’s Consumer Fraud Risk (CFR) solution, announced Tuesday (Sept. 24), uses artificial intelligence (AI) to provide...
September 06, 2024
UK Payments Industry Seeks Further Reduction of Fraud-Reimbursement Cap
The payments industry in the United Kingdom is reportedly advocating for changes to fraud-reimbursement rules that are set to be enacted Oct. 7. Despite changes announced by the Payment Systems...
June 30, 2024
Target Tries to Shake Off ‘Pandemic Hangover’ as Sales Slump
After seeing revenues surge during the pandemic, Target has been facing tough times. A report Sunday (June 30) by the Financial Times (FT) examines the retailer’s recent struggles: sales have...