A federal appeals court ruled Friday (Dec. 6) that the U.S. law requiring Chinese company ByteDance to sell its TikTok app or see the app banned in the country does not violate the First Amendment. The ruling means that the ban will take effect Jan. 19 unless...
Meta has unveiled a more efficient artificial intelligence (AI) model that could slash computing costs for businesses adopting AI technology. “Llama 3.3 improves core performance at a significantly lower cost, making it even more accessible to the entire open-source community,” Meta’s Vice President of Generative...
The Financial Stability Oversight Council (FSOC) said Friday (Dec. 6) that Congress should pass legislation ensuring that relevant agencies have the examination and enforcement powers they need to oversee their regulated entities’ third-party service providers. The FSOC said these relevant agencies include the Federal Housing Finance Agency...
With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted messages are already being sent over the Swift network every day. These messages are being sent to 220 countries and territories...
December 06, 2024
Consumers decide which payment methods are successful and drive market trends. Regardless of the market, the use case or their locations, their preferred payment methods are defined by the ease of the execution process at their merchant of choice. Merchants, of course, want to be able to finalize the sales and provide their customers with […]
December 06, 2024
Real-time payments took center stage in 2024, with groundbreaking milestones reshaping how money moves worldwide. From the United States expanding its payment networks to new systems debuting in other regions,...
December 06, 2024
Telecom companies are adopting generative artificial intelligence (AI) and driving a shift in the industry. Initially focused on efficiency, this technology is set to change operations, customer service and market...
December 06, 2024
Following a strong Black Friday and Cyber Monday, both Walmart and Amazon reported record-breaking sales, with their platforms seeing growth from third-party sellers. Walmart reported record sales for its third-party...
December 06, 2024
A federal appeals court ruled Friday (Dec. 6) that the U.S. law requiring Chinese company ByteDance to sell its TikTok app or see the app banned in the country does not violate the First Amendment. The ruling means that the ban will take effect Jan. 19 unless the app is sold or the Supreme Court puts a […]
December 06, 2024
The Financial Stability Oversight Council (FSOC) said Friday (Dec. 6) that Congress should pass legislation ensuring that relevant agencies have the examination and enforcement powers they need to oversee their regulated...
December 06, 2024
With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted messages are already being sent...
December 06, 2024
The Consumer Financial Protection Bureau (CFPB) ordered federal supervision of Google on Friday (Dec. 6) after a contested designation. The regulator published an order establishing supervisory authority over Google Payment Corp.,...
