News

Top New In Payments: Data Key To Credit Union Member Retention; Mastercard On The Opportunity For ePayables

Today in the payments news roundup, a report shows that credit unions could be more in tune with their customers’ needs, and a senior executive at Mastercard explains why ePayables are the future. Also, Tencent is bringing chat to cars, and Postmates is joining the growing league of delivery companies that offer group ordering.

Report: Data Key to Credit Union Member Retention

Even though people reportedly choose credit unions because of the inherent trust factor, a new study shows that the institutions often don’t know what their customers want. One potential answer is a closer look at customer data.

Mastercard: The Opportunity Ahead for ePayables

In a PYMNTS video interview with Karen Webster, Andrea Gilman, senior vice president of product management and new payments at Mastercard, discussed the possibilities of ePayables and how financial institutions aim to cut their reliance on physical checks.

Postmates Rolls Out Group Ordering

Postmates will join DoorDash and Caviar in offering group ordering. The Postmates announcement comes as the company reportedly moves closer to going public when it debuts its IPO paperwork next month.

Tencent Puts WeChat Behind the Wheel

Chinese tech giant Tencent is going to add WeChat capability to cars in the near future. The voice-activated in-car app will have the ability to send and receive texts.

New Taxes Loom for Big Tech

A new report shows that new international taxes could be on the way for big tech companies in countries like India, Egypt and Kenya. At least one unnamed official was quoted as saying “all countries are trying to find a consensus on major tech companies.”

Apple Pushes Pause on iPhone ‘Walkie-Talkie’

Apple has shelved a feature that would allow iPhones without wireless service to communicate with each other using long-distance radio waves that would bypass cellular service. Apple did not explain why it decided to quit on the project.

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. In the November 2019 Mobile Order-Ahead Report, PYMNTS talks with Dan Wheeler, Wahlburgers’ SVP, on how the QSR balances security and seamlessness to secure its recently launched WahlClub loyalty program.

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