News

Retail
UPS Invests In Returns Specialist Optoro
December 22, 2016

As retailers will soon enter the peak returns rush that follows the holiday shopping season, UPS is reportedly making an investment in logistics provider Optoro Inc., a company specializing in retail returns and reselling. Get the Full Story Complete the form to unlock this article and...

Ritani Glittering From Clicks-And-Bricks Model
December 22, 2016

In the jewelry business, there are many bricks-and-mortar shops, from independent mom-and-pop stores to big brands like Kay Jewelers and Jared. There are also jewelers like Blue Nile that have built their brand online and have a handful of stores sprinkled throughout the country. Get...

Retail
Geenee Helps Instagram Users With Shopping
December 22, 2016

If you’ve ever seen an item of clothing online in a photo or video and wanted to know who makes it and where to buy it, there is now an app for that. Get the Full Story Complete the form to unlock this article and...

Payments Innovation
Payments 2016: The Year Of Open APIs
December 22, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: Get the Full Story Complete the form to unlock...

Odebrecht, Braskem Ordered To Pay A Record $3.5B For Kickback Scheme
December 22, 2016

Latin America’s biggest engineering firm, Odebrecht SA, and petrochemical company Braskem SA will pay at least $3.5 billion to resolve international charges related to kickbacks to the country’s state oil company and other organizations. Get the Full Story Complete the form to unlock this article...

International
PayPal Files Complaint About Look, Feel Of Indian Competitor Paytm
December 22, 2016

PayPal takes its look and feel seriously, recently lodging a complaint against an Indian digital payment services and eCommerce company that it claimed looks too much like PayPal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Ridesharing
New Rules In China Require Local Drivers For Ride-Hailing Apps
December 22, 2016

The cities of Beijing and Shanghai implemented new rules for the ridesharing app space this week, saying companies can no longer use out-of-town drivers for their services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Ridesharing
Senator Asks Uber To Clarify, Change Location Data Options
December 22, 2016

U.S. Senator Al Franken (D-MN) recently wrote an open letter to Travis Kalanick, CEO of Uber, requesting additional transparency around the ridesharing company’s changes to its user location data collection policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Partnerships / Acquisitions
Facebook Signs Research Deal With 17 Universities
December 22, 2016

Facebook’s Building 8 research team has reportedly signed collaboration deals with 17 universities to invest in the development of future technology. The Sponsored Academic Research Agreement (SARA) was led by Regina Dugan, current Building 8 head. Get the Full Story Complete the form to unlock this...