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It could soon cost more for migrants in the U.S. to send money back home.
As the Financial Times (FT) reported Sunday (May 25), that’s because the tax bill passed by the U.S. House of Representatives last week includes a 3.5% tax on remittance transfers by anyone who is not an American citizen or national.
The U.S., the report added, is the largest originator of remittances in the world, with...
Every day, someone dies from getting the wrong medication or improper dosages of the right one.
Now, researchers at the University of Washington (UW) are working on ways to solve this problem in part by using artificial intelligence (AI), NBC News reported Sunday (May 25).
Dr. Kelly Michaelsen, an assistant professor of anesthesiology and pain medicine, told the network she had read studies at...
China’s eCommerce regulator has issued draft guidelines for fees that companies can charge third-party merchants.
The State Administration for Market Regulation on Sunday (May 25) said that online platforms should charge reasonable fees while taking into consideration factors like operating costs for the merchants with whom they do business.
The regulator calls on platforms to set flexible...
German sportswear company Adidas has reported a data breach involving a customer service provider.
As Reuters reported, the company announced Friday (May 23) that cybercriminals had accessed customer data via a third-party customer service provider, while noting that the breach did not involve passwords or credit card data.
“We immediately took steps to contain the incident and launched a...
After months of government work, Elon Musk says he is “super focused” on his companies.
The multibillionaire made that comment Saturday (May 24) on his X social media platform, following an outage impacting tens of thousands of customers.
“Back to spending 24/7 at work and sleeping in conference/server/factory rooms. I must be super focused on X/xAI and Tesla (plus Starship launch next week), as...
As Memorial Day approaches, kick off your summer blockbuster season with a binge-worthy lineup of films that dive deep into the wild, weird and sometimes tragic world of banking, payments and financial fraud. From true tales of Wall Street excess to comedies about offshore shell companies, these movies show money does make the world go round — sometimes in circles that land you in jail.
These...
Stablecoin issuer Tether reportedly plans to continue to focus on markets outside the U.S. even as it works to become compliant with potential U.S. regulation of the digital tokens.
“We are looking at the GENIUS Act in a way that will allow us to become compliant,” Tether CEO Paolo Ardoino told Bloomberg TV on Friday (May 23), referring to the bill that made its way through the U.S. Senate and is...
Oracle will reportedly buy $40 billion worth of Nvidia’s chips to power the first Stargate project, a new data center in Abilene, Texas.
The company will buy 400,000 of Nvidia’s latest “superchips” for training and running artificial intelligence (AI) systems, the GB200 chips, and lease the computing power they provide to OpenAI, the Financial Times (FT) reported Friday (May 23).
The data center...
Global payment infrastructure firm Trans-Fi has launched a unified platform called BizPay that enables instant, compliant cross-border transactions with more than 250 payment methods across more than 100 countries.
BizPay enables businesses and individuals to send and receive money, initiate payouts and accept pay-ins, in minutes, the company said in a Thursday (May 23) press release.
The...
Malaysia-based CIMB Bank has selected ACI Worldwide’s payment solution to bring together all account-to-account (A2A) transactions on a single platform.
The platform will include automated clearing house (ACH), real-time gross settlement (RTGS) and cross-border payments, the companies said in a Thursday (May 22) press release.
CIMB Group selected this payment solution to future-proof its payment...