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The U.S. Department of Education is canceling student debt for another 160,000 borrowers.
This latest cancellation, announced by the White House Wednesday (May 22), brings the total number of Americans who have received student debt relief from President Joe Biden’s administration to 4.75 million.
“Each of those borrowers has received an average of over $35,000 in debt cancellation,” Biden said...
FIS has launched a new version of its mobile banking application for financial institutions.
With the new FIS Digital One Flex Mobile 6.0, financial institutions can enable their customers to bank on mobile or online and to benefit from a simplified design, new fraud prevention features and upgrades to its functionality, the FinTech company said in a Wednesday (May 22) press release.
“Mobile...
New artificial intelligence (AI) regulations are rolling out around the world.
Colorado has become the first U.S. state to regulate AI, aiming to prevent consumer harm and discrimination. New requirements for high-risk AI systems will start in 2026.
Meanwhile, the EU’s comprehensive AI Act, set to influence global regulations, will take effect soon, and Japan is considering requiring major AI...
DocuSign will stay a public company, according to the electronic signature platform’s CEO.
Allan Thygesen made that pronouncement in an interview with CNBC published Wednesday (May 23), following reports that private equity firms had considered a takeover.
“We’re focused on building a great, independent public company,” Thygesen said during a partner event the company hosted in London. “I joined...
Small- to medium-sized businesses (SMBs) can suffer the most from big delays in getting paid.
With the news that the U.S. securities market will be converting to a T+1 standard settlement cycle Tuesday (May 28), faster payments are increasingly top of mind as well for Main Street SMBs looking for not just speed, but also improved cash flow efficiency.
As Gary Gensler, chair of the Securities and...
Walmart Adds Pawp’s Telehealth Service for Pets to Membership
Subscribers to the Walmart+ membership program now have free, unlimited access to Pawp’s telehealth service for pet owners.
Walmart’s introduction of this benefit comes after a pilot program in which Pawp became Walmart+’s most successful limited-time offer of 2023, the retailer said in a Wednesday (May 22) press release.
“This new...
The head of the SEC says new cryptocurrency legislation will undermine his agency’s work.
Hours before a scheduled vote Wednesday (May 22), Securities and Exchange Commission (SEC) Chair Gary Gensler issued a statement decrying The Financial Innovation and Technology for the 21st Century Act (FIT 21).
The legislation, Gensler said, “would create new regulatory gaps and undermine decades of...
In the fast-paced world of video games, artificial intelligence (AI) is emerging as a surprising ally in the quest for greater accessibility. By automating and personalizing features that make gaming more inclusive, AI is opening up immersive virtual worlds to players with disabilities like never before.
At Google’s recent annual developer conference, I/O 2024, several announcements showcased a...
Google is experimenting with placing search and shopping ads in its AI-generated query results.
Last week, the tech giant debuted AI Overviews, which deliver artificial intelligence (AI)-generated summaries to search queries.
“In early testing, we’ve heard that people find the ads appearing above and below the AI-generated overview helpful,” Vidhya Srinivasan, vice president/general manager of...
A week after Visa threw down the payments gauntlet with a series of announcements that merged the physical and digital worlds, Google took its turn at bat today (May 22), adding three new features to Google Pay.
According to Google Pay Vice President and General Manager Ben Volk, the new features are designed to address the three factors its users told the company are most important when...