News

Partnerships / Acquisitions
Oculus Buys The Eye Tribe For Its Eye-Tracking Tech
December 29, 2016

Oculus and Facebook have reportedly inked a deal to acquire The Eye Tribe, a startup that created a $99 eye-tracking device developer kit, for an undisclosed sum. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
State Bank Of India Blocks Paytm Wallets From Online Banking
December 29, 2016

State Bank of India is no longer letting customers of its internet banking system transfer money to their Paytm wallets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Bitcoin
Bitcoin Inching Back Toward $1,000
December 29, 2016

The final quarter of 2016 has been good to cryptocurrency bitcoin. At the time of writing, the current bitcoin price stands at $966.41, the highest it has been since its near $1,200 peak in Dec. 2013, before Japanese bitcoin exchange Mt. Gox collapsed. Get the Full Story...

B2B Payments
Globex Goes After China’s B2B Trade Friction
December 29, 2016

Global Sources, a B2B media company that facilitates trade to and from Asia, is teaming up with cross-border eCommerce company Globex to ease friction associated with B2B trade involving China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Consortia Key To Blockchain’s Success, Says Deloitte
December 29, 2016

Deloitte has been an early embracer of blockchain technology, and 2016 was a busy year for the consulting firm in the space. Earlier this month, Deloitte revealed an investment in blockchain startup SETL, a U.K. firm that uses distributed ledger technology for payments and settlement....

Retail
Loop Commerce Makes eGifting 24/7/365, Day-Of
December 29, 2016

It’s the worst. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications...

Payments Innovation
Payments 2016: The Year Of Major Shifts
December 29, 2016

Commerce paradigms are shifting, but with new technologies and quickening innovation, the question remains if real value is still being delivered. Michelle Tinsley, director of mobility and secure payment solutions, Internet of Things group, retail solutions division at Intel, shares why the industry can’t forget...

B2B Payments
Suppliers To Usher In Dynamic Discounting
December 29, 2016

Some B2B payments players have predicted that, on the accounts payable side of the transaction, higher interest rates will lead companies to extend their payment terms and to seek out AP technologies that offer integrated supplier financing solutions to help with that cash flow crunch...

B2B Payments
Banks Need FinTech To Stay Competitive – And Secure
December 29, 2016

There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top...