OpenAI said Friday (Dec. 20) that it will appeal a fine imposed by an Italian authority that alleged that the company violated the European Union’s General Data Protection Regulation (GDPR). Italy’s data protection agency, the Garante, fined OpenAI 15 million euros (about $15.6 million), saying it found...
Apple is facing new pressure in Europe to let competitors access its iPhone operating system. The European Commission (EC) on Wednesday (Dec. 18) published a pair of documents covering how the tech giant needs to meet interoperability requirements of the Europe Union’s (EU) Digital Markets Act (DMA). The EC’s guidelines for Apple...
Credit cards have long been a catnip for criminals. The lure is undeniable. “Your account number is valuable — it has personal information that if someone gets a hold of, that’s how fraudsters compromise accounts and steal your money,” Pablo Fourez, chief digital officer at...
An artificial intelligence (AI) chatbot that remembers what you asked it to do last month? That’s the promise behind ChatGPT’s latest upgrade, which could push the technology beyond quick answers into managing long-term business tasks. The update lets ChatGPT track vendor payments and purchase orders...
December 19, 2024
Credit cards have long been a catnip for criminals. The lure is undeniable. “Your account number is valuable — it has personal information that if someone gets a hold of, that’s how fraudsters compromise accounts and steal your money,” Pablo Fourez, chief digital officer at Mastercard, told PYMNTS in a recent interview. Through the past […]
December 03, 2024
As the year draws to a close, the end of 2024 has been marked by a flurry of rule-making by the Consumer Financial Protection Bureau (CFPB). In the latest salvo,...
September 19, 2024
The healthcare industry faces significant challenges with outdated payment and claims systems, which undermine financial stability and patient satisfaction. Despite the potential benefits of digital payments, the sector has been...
September 12, 2024
Open banking, which allows third-party providers to access banking data through secure application programming interfaces (APIs), has gained momentum globally as a means to enhance financial services. Recent U.S. regulatory...
December 20, 2024
The Federal Trade Commission (FTC) has finalized an order requiring Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive information security program. This final order settles the FTC’s charges announced in October that the companies deceived customers by claiming to have reasonable data security, when in fact they did not, the FTC said […]
December 20, 2024
OpenAI said Friday (Dec. 20) that it will appeal a fine imposed by an Italian authority that alleged that the company violated the European Union’s General Data Protection Regulation (GDPR)....
December 19, 2024
Apple is facing new pressure in Europe to let competitors access its iPhone operating system. The European Commission (EC) on Wednesday (Dec. 18) published a pair of documents covering how the tech giant needs to...
December 10, 2024
Google Cloud and Swift are working together to develop a secure, privacy-preserving solution for financial institutions that use federated learning techniques. Federated learning enables collaborative artificial intelligence (AI) model training without...
