Jack Henry has launched a real-time, artificial intelligence (AI)-based fraud mitigation feature. The new Payrailz Fraud Monitor, which joins the FinTech company’s Payrailz Digital Payments Platform, supports multiple payment types and detects fraud when payment transactions are initiated, Jack Henry said in a Tuesday (June 20) press...
OpenAI reportedly lobbied for — and got — changes to the European Union’s artificial intelligence (AI) legislation. The ChatGPT creator succeeded in its efforts to alter “significant elements” of the AI Act and reduce the regulatory burdens the company would have faced, Time reported Tuesday (June 20), citing documents obtained...
The Federal Trade Commission (FTC) is reminding online marketplaces of the duty to ferret out fake merchandise. The agency issued a notice Tuesday (June 20) on the new Integrity, Notification and Fairness in Online Retail Marketplaces for Consumers Act — or the INFORM Consumers Act — set to go into effect...
Military technology startups are enjoying a record investment boom led by venture capital (VC) firms. This wave of investments has been fueled by the Russia-Ukraine war and tensions between the U.S. and China, both of which have led to confidence that the U.S. will begin hiring Silicon Valley defense-tech...
The environment for initial public offerings (IPO) has reportedly improved to nearly its typical level. However, at the same time, the amount of IPO activity is lagging behind and not seeing the same kind of improvement, Bloomberg reported Tuesday (June 20), citing research from Goldman Sachs. The...
A hacker group has reportedly raised the stakes after getting no response from Reddit. The group known as BlackCat is now not only demanding a $4.5 million ransom from Reddit but also demanding that the social media company reverse its plans to start charging fees to some third-party...
Snapchat CEO Evan Spiegel said the company’s embrace of artificial intelligence (AI) can up its advertising game. Spiegel spoke about the progress of the social media platform’s My AI chatbot Tuesday (June 20) at a Wall Street Journal (WSJ) event in France, WSJ reported. “My AI definitely helps provide...
As Domino’s looks for ways to retain delivery customers’ loyalty in the face of increasing competition from aggregators’ pizza offerings, the chain is making it possible to get food brought to more types of locations, taking a page from 7-Eleven‘s book. The pizza giant announced Tuesday (June 20)...
Two former Wirecard executives have been sentenced to prison in Singapore. James Wardhana, who was the international finance process manager of Wirecard Asia, and Chai Ai Lim, who was the head of finance at Wirecard Asia, were sentenced to 21 months and 10 months respectively...
