News

Investments
Siemens Invests In VR Startup Backed By Volkswagon, Audi
October 09, 2018

German company Varjo Technologies has announced a $31 million Series B investment, led by Atomico and Seimens-backed Next47, that will help it launch the world’s first human-eye resolution virtual reality and mixed reality product. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Garmin Shipping Navigation Unit Suffers Breach
October 09, 2018

Navionics, an Italian company that manufactures electronic navigational charts for boating, was the victim of customer data breach that exposed hundreds of thousands of customer records. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Magento CEO On Why Commerce In The Cloud Makes Every Moment ‘Shoppable’
October 09, 2018

In commerce, the conversion is the Holy Grail. The moment when customer contact becomes a sale, and tips over to meaningful relationships, ideally long-lasting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Partnerships / Acquisitions
Tencent Invests $180M In Brazilian FinTech Nubank
October 09, 2018

China’s Tencent Holdings paid $180 million for an undisclosed minority stake in Brazilian FinTech Nu Pagamentos SA (known as Nubank). As a result of the investment, Nubank is now worth $4 billion, making it one of the most highly valued, privately held startups in Latin America....

Regulation
EU Probes Regulator Oversight On Danske Money Laundering Scandal
October 09, 2018

The European Union’s (EU’s) banking supervisor wants to know more about how Denmark’s financial watchdog supervised Danske Bank, which is being investigated by the U.S. Department of Justice (DOJ) over alleged money laundering. Get the Full Story Complete the form to unlock this article and...

Payment Methods
ToneTag CEO Sounds Off On Payments At The Speed Of Sound
October 09, 2018

Talk about cashless and contactless. How about payments made at the speed of sound — to be specific, using encrypted sound waves to make offline payments? Sound is the ancient method of communication, of commerce, where a promise to sell or buy in days of...

Artificial Intelligence
Google Backs Away From Chatbots
October 08, 2018

A not so very long time ago, chatbots were forecast to be the next big thing in digital ecosystems. Starting with Facebook’s big announcement of its chatbot push at F8 in 2016, all of those forecasts for everything chatbots were going to do starting rolling in. And...

B2B Payments
Aussie Bank Crackdown Takes Its Toll On ANZ Profits
October 08, 2018

Profits for Australia and New Zealand Banking Group (ANZ) have taken a hit as the nation continues its crackdown on bank misconduct, reports in Reuters said Monday (Oct. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
The Anti-Capitalist Prank That Made Some Serious Bank
October 08, 2018

Whether or not we live in the age of irony has been a matter of some debate for the last 20 or so years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...