Uber ousts the head of Uber Eats, JPMC looks for Fintech and other acquisitions, and Mastercard’s Incoming CEO’s take on the future of payments

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February 26, 2020

Credit Union Tracker™

How One Nevada Credit Union Secures Its Self-Service Innovations

Credit union members are increasingly placing emphasis on self-services like mobile and online banking for their seamlessness and convenience. And while many CUs are undergoing extensive changes to meet this demand, they face challenges in keeping members' data private and secure. In this month’s Credit Union Tracker, Chief Financial Officer Steve O’Donnell for One Nevada Credit Union discusses how the CU revamped its core system to offer these self-services while ensuring member privacy.

 

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Smart Data

Reading Predictive Tea Leaves With Smart, Big Data

There’s a lot of talk about “big” data — but firms also need “smart” data — the kind of data that can help anticipate events, far and wide, and forecast demand. Cam Brown, CEO of PredictHQ, tells Karen Webster how analyzing millions of data points and events across 30,000 cities globally — with the help of application programming interfaces (APIs) — can pinpoint demand for companies’ goods and services … and make plans accordingly.

 

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Payments Innovation

Mastercard’s Incoming CEO’s Take On The Future Of Payments

After over a decade at the helm, Mastercard CEO Ajay Banga will step into the role of executive chairman and Chief Product Officer Michael Miebach will step into the top job on Jan. 1, 2021. We've had the opportunity to talk to Miebach many times throughout the years here at PYMNTS — and gotten his view on what's next for the ever-evolving world of payments. Here are a few of the insights he’s shared.

 

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ISO 20022

SWIFT: The Road To ISO 20022 Adoption

Reliance on old-school messaging standards and compliance with fragmented regulatory standards makes cross-border payments a hotbed for payments friction. Adopting the ISO 20022 can help, but financial institutions (FIs) can struggle with the long-term planning it requires. So how can FIs work toward embracing this new, more universal standard? Saqib Sheikh, global head of SWIFT’s ISO 20022 program tells PYMNTS how FIs around the globe are instituting their own ISO 20022 transition plans.

 

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Grocery’s Last Mile

Kraft Heinz's Evolv: Backing Micro-Fulfillment’s Evolution At The Grocery

In eCommerce, and specifically, fulfillment, might the mantra be: Think big, go small? For grocers making the transition to the digital age, micro-fulfillment centers located at the back of the store may solve a myriad of logistics/inventory challenges. Evolv Ventures (the $100 million venture arm of Kraft Heinz) Managing Partner Bill Pescatello tells Karen Webster how a new investment in Israeli startup Fabric can bring automation to the corner store and help speed deliveries.

 

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