European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.

Source: europa.eu

EU and Japan Take Similar Views on Artificial Intelligence
EU and Japan Take Similar Views on Artificial Intelligence
October 09, 2023  |  artificial intelligence

When it comes to artificial intelligence (AI), Europe and Japan are reportedly of like minds. “I see a lot of convergence in how we look...

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Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers
Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers
October 06, 2023  |  Biometrics

As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding...

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Handicapping the US, UK and Europe Real-Time Payments Race
Handicapping the US, UK and Europe Real-Time Payments Race
October 06, 2023  |  Real-Time Payments

Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing...

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Meta Pitches $14 Per Month Ad-Free Social Media in Europe
Meta Pitches $14 Per Month Ad-Free Social Media in Europe
October 03, 2023  |  Meta

Meta is reportedly proposing an ad-free version of its social media platform to European users. The company has been pitching regulators the idea of a...

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EU Retailers Push Back Against 30-Day Payment Rule
EU Retailers Push Back Against 30-Day Payment Rule
October 01, 2023  |  Commercial Payments

European retailers are concerned about new rules requiring businesses to be paid within 30 days. As the Financial Times reported Sunday (Oct. 1), retailers say the...

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EU General Court Partially Suspends DSA Rules for Amazon
EU General Court Partially Suspends DSA Rules for Amazon
September 28, 2023  |  Amazon

The European Union (EU) General Court has reportedly partly suspended a European Commission (EC) decision that required Amazon to publish a detailed database of advertisements...

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US, EU Data Sharing Framework Paves Way for ‘Trust and Consumer Confidence’
US, EU Data Sharing Framework Paves Way for ‘Trust and Consumer Confidence’
September 28, 2023  |  Regulation

Ashley Eisenberg, data privacy officer at Forter, told PYMNTS in a recent interview that as companies do business across borders, data access — and protection...

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EC Commissioner Says DMA Doesn’t Compromise Security and Privacy
EC Commissioner Says DMA Doesn’t Compromise Security and Privacy
September 26, 2023  |  Regulation

Following a recent meeting with Apple CEO Tim Cook, European Union (EU) Internal Market Commissioner Thierry Breton called on the tech giant to open up its ecosystem of hardware and software to...

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Standard Deviation? Private Rule-Making Under the EU AI Act
Standard Deviation? Private Rule-Making Under the EU AI Act
September 12, 2023  |  Regulation

The proposed EU AI Act (AIA) is an omnibus piece of legislation. It aims to provide the world’s first “horizontal” regulatory framework for AI, not...

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