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☆ The Race for Global AI Standards
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: 1 min

The International Organization for Standardization (ISO) announced its ISO 42001 standard for AI management systems in 2023. In September, Schellman Compliance became the first organization approved to provide ISO 42001 certification to firms looking to ensure the AI systems they deploy are responsible and secure, striking the delicate balance between innovation and governance. Schellman's CEO explains the new standards and why certification matters. Guest: Avani Desai, Schellman Compliance CEO

Persons: Avani Desai Organizations: Organization for Standardization, Schellman

☆ Don't look directly at a solar eclipse for 'even a split second' without proper protection, optometrist says
▼ + stars: | 2023-10-14 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

On Oct. 14, there will be a visible solar eclipse in several parts of the U.S. — mainly on the west coast in states like California and Oregon. You risk permanent damage by looking at a solar eclipse without eye protectionThe proper term for "eclipse blindness" is solar retinopathy, and it can potentially weaken your eyesight. How to view the solar eclipse safelyWearing eye protection to view the solar eclipse is the safest precaution you can take to view it, but having the right kind matters. Remember to be mindful of your children viewing the solar eclipse as well, he adds. For this solar eclipse, Benner encourages you to "enjoy it, but make sure you enjoy it with the proper eye protection on."

Persons: Ronald Benner, Benner, I've, who've Organizations: NASA, American Optometric Association, International Organization for Standardization, American Astronomical Society, CNBC Locations: California, Oregon, Texas

☆ Amazon employees plan to walk out and accused the company of 'actively accelerating' the climate crisis, leaked email shows
▼ + stars: | 2023-05-26 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

In the email, the organizing group encourages employee participation in the walkout by pointing out five areas of concern over Amazon's climate initiatives. Here's what the email says:Emissions that are rising: Amazon's emissions have increased 40%(!!) Partnering with Big Oil: AWS Al and machine learning are being used by Big Oil to greatly accelerate oil and gas discovery and extraction. Amazon launched the Climate Pledge in 2019, committing to reach net-zero carbon emissions by 2040. Partnering with Big Oil: AWS Al and machine learning are being used by Big Oil to greatly accelerate oil and gas discovery and extraction.

☆ Ford F-150 Lightning fire footage highlights a growing EV risk
▼ + stars: | 2023-04-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

EV fires have become a growing concern as automakers push to increase sales of electric vehicles and meet tightening emissions standards. An electric Ford F-150 Lightning caught fire on Feb. 4, 2023 due to a battery issue traced back to one of the automaker's suppliers. A bill that requires them to complete a training program about the risk of electric vehicle fires passed unanimously this year. There's also the risk of reignition: Lithium-ion battery fires can re-engage weeks later with little to no warning. An electric Ford F-150 Lightning caught fire on Feb. 4, 2023 due to a battery issue traced back to one of the automaker's suppliers.

☆ US Senators Menendez, Warren urge regulators to support new gun sale code
▼ + stars: | 2023-03-15 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

Senators Bob Menendez and Elizabeth Warren on Wednesday called on federal regulators to issue guidance to speed the adoption of a new merchant category code (MCC) by payment networks to identify firearms sellers. The Republicans say the codes could be used to improperly track gun purchases. The letter noted reports that mass shooters had used credit or debit cards to buy the guns and ammunition they used. There are more than 40,000 U.S. gun deaths per year, and regulations around guns are again emerging as a major political issue. On Tuesday, U.S. President Joe Biden issued an executive order that reinforced background checks for gun buyers.

☆ Visa, Mastercard pause work on new payments code for firearms sellers
▼ + stars: | 2023-03-09 | by ( Ross Kerber | ) www.reuters.com time to read: +3 min

The Geneva-based International Organization for Standardization (ISO) approved the new merchant category code (MCC) in September to help detect suspicious firearms and ammunition sales to combat gun violence. A Mastercard representative said on Thursday via email that such bills would cause "inconsistency" in how the code could be applied by merchants, banks and payment networks. "It's for that reason that we have decided to pause work on the implementation of the firearms-specific MCC," said the Mastercard representative, Seth Eisen. Accordingly, Visa is pausing implementation of the MCC," Visa said in a statement sent by a spokesperson. The moves mark a setback for gun-control activists, though the payment networks stopped short of saying they would reject the code outright.

New York CNN —Visa, Mastercard and Discover announced they will pause a plan to implement a new merchant category code for the nation’s gun retailers after political pressure from Republicans. In the wake of mass shootings, some financial companies, including Mastercard and Visa, have explored the possibility of tracking gun sales through their payment systems. The merchant category code (MCC) system would have separately categorized sales at gun and ammunition stores. Nearly every retail item has a merchant category code. Accordingly, Visa is pausing implementation of the MCC.”It’s the latest example of companies changing their plans based on pressure from Republican lawmakers.

☆ Analysis: US Republicans aim to stymie gun sale codes at state level
▼ + stars: | 2023-03-03 | by ( Ross Kerber | ) www.reuters.com time to read: +6 min

"I don't want card companies to raise interest rates or fees on merchants as a way to dissuade them" from selling guns and ammunition, Owen told Reuters. Visa Inc (V.N) declined to comment on the state bills. Other payment card companies Discover, Mastercard Inc and (MA.N) American Express Co (AXP.N) did not respond to requests for comment. Owen, the Mississippi state legislator, said he expects that payment companies could address any technical issues the bills could create. "I think the credit card companies are going to have to adapt on a state-by-state basis," Owen said.

☆ Exclusive: Discover to enable tracking of purchases at gun retailers from April
▼ + stars: | 2023-02-17 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

Proponents of the move, including gun control activists and Democratic politicians, say it will allow financial institutions to better assist authorities in investigating crimes involving gun violence in the United States. Discover said it will include the new code in its next policy and product update to merchants and payment partners, in April. A Visa representative declined to comment on its schedule for the new code. "The decision to use the new merchant category code is eventually left up to the users in the industry," the ISO representative said. Industry leader Visa had a 61% share, Mastercard 26% and American Express 11%.

☆ Davos 2023: What you need to know about the WEF on Wednesday
▼ + stars: | 2023-01-18 | by ( Kathryn Lurie | ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 18 (Reuters) - Climate change came to the fore at the World Economic Forum's annual meeting, where U.N. Secretary-General Antonio Guterres called on business leaders to follow the principles outlined by an expert group to make credible net-zero pledges or risk greenwashing. The United Nations and standard setter the International Organization for Standardization launched the guidelines in November to become a reference text and help organizations come up with solid plans, avoiding slogans, hype and obfuscation. With activist Greta Thunberg set to arrive in Davos and meet International Energy Agency (IEA) executive director Fatih Birol on Thursday, climate change is set to remain centre stage. China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, Gopinath said. For daily Davos updates in your inbox sign up for the Reuters Daily Briefing hereEditing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ U.N., standard setter ISO launch net-zero guidelines
▼ + stars: | 2022-11-11 | by ( Virginia Furness | Hugo Dixon | ) www.reuters.com time to read: +2 min

LONDON, Nov 11 (Reuters) - The United Nations and standard setter the International Organization for Standardization launched a set of guidelines on Friday to help organisations construct net-zero emissions plans. As regulators increasingly focus on tackling weak corporate environmental claims, and investors call for harmonised global standards, the U.N. and ISO said its work would act as a core reference text on what to include in their net-zero plans. The ISO's guidelines were developed by a group of 1,200 organisations and experts from over 100 countries. While around 80% of global emissions are covered by net-zero pledges, many organisations lack a clear strategy, and the new ISO guidelines are intended to provide a practical guide. "The guidelines support clarity, we don't replace the ISSB but help companies navigate these multiple initiatives," said Emily Faint, net-zero policy manager at Our 2050 World, the group's secretariat.

☆ 24 GOP attorneys general warn Visa, AmEx, and Mastercard about using a code that identifies purchases at gun stores
▼ + stars: | 2022-09-23 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +4 min

AGs from 24 states sent a letter threatening to take action over a new merchant code for gun stores. The attorneys general warned that tracking the data could lead to misuse, whether intentional or unintentional. They said using a merchant code for gun stores would be an inaccurate method for keeping track of firearms purchases. The coordinated move came after the Geneva-based nonprofit International Organization for Standardization (ISO) approved the creation of the merchant code earlier this month. Gun rights advocates, including the NRA, have expressed concerns that the new merchant category code would effectively create a gun registry, and put gun owners at risk.

☆ GOP attorneys general call on credit card companies to drop plans for gun store code
▼ + stars: | 2022-09-21 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Two dozen Republican attorneys general are urging Visa, MasterCard, and American Express to drop their plans to adopt a new merchant category code for gun retailers, saying the move would infringe on consumers' privacy. In a letter sent to the companies Tuesday, the attorneys general warn the credit card companies that they could face legal action if they move forward with the code adopted by the International Organization for Standardization (ISO). On Saturday, Senate Republicans sent a similar letter to the three credit card companies. The letters come after the credit card companies announced plans to start applying the new sales code to transactions made at gun stores. "A fundamental principle for Visa is protecting all legal commerce throughout our network and around the world and upholding the privacy of cardholders who choose to use Visa," Visa said in a statement last week.

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