Don’t get Uber’d

first_imgWe have all heard the Netflix story time and time again. Netflix kills Blockbuster. It’s a simple story. Blockbuster viewed Netflix as a specialty service that would never catch on so they didn’t move to deal with the disruption that Netflix caused in their industry.Now we are seeing a different kind of disruption; the kind of disruption that causes more than one industry to crash. UBER provides an excellent example of this. The world is changing and we are seeing the rise of the “Sharing” economy. Think of AirBnB for lodging or TaskRabbit for errands. This list is continuing to grow. In fact in our FI backyards we have seen the rise of the LendingClub a crowd sourced lending site that has gained attention from Major FI’s as a disrupter in the lending space.UBER represents the best of breed in this space. It’s a simple concept really. They have cars and drivers. They can get something from point a to point b very effectively and more importantly they leverage technology to make the hardest part of the transaction (being paid) very easy.This brings me to the next issue. What happens when some of these companies that are gaining huge traction in the market decide they don’t want to pay 3% to the credit card companies anymore? Think of Amazon and their “Bank payment” option. What happens when these guys leverage their technology and use ACH or some other “Over the top” payment process? This is a danger I see coming up. As these services grow and their technology backbones become mature they will start looking upstream for other payment options. After all what is VISA or MC but a network. What’s to keep UBER from doing this? What’s to keep any technology savvy vendor from making this decision?My suggestion to you is: Start watching your inbound ACH now and start understanding what things are coming in this way that are non traditional. PayPal? Amazon? How much of a dent are they making in your interchange?Don’t get Uber’d folks. Pay attention. The world is changing… 30SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Best Financial technology service expert John Best crushes the reiterated maxim “thinking outside the box” to tiny particles, leveraging his lofty, yet proven, financial technology “innovativeness” for credit unions nationwide. Recently … Web: big-fintech.com Detailslast_img read more

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Freddie Ljungberg explains why Nicolas Pepe was axed for Arsenal’s draw against Norwich City

first_imgFreddie Ljungberg explains why Nicolas Pepe was axed for Arsenal’s draw against Norwich City Nicolas Pepe was left on the bench against Norwich City (AP Photo)‘I’ve looked, of course. I’ve been here [in the first team] for three months, last year I was the manager of the Under-23s, so I saw every game of the first team.‘So of course, I have an opinion about how we can play and players.‘But I try to see it just like that, everybody has a fair chance.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘What I see in training and games, that’s what I’m going to judge it on.When asked directly about Pepe’s omission against Norwich, Ljungberg replied: ‘Pepe’s a very good player.‘But like I said, I try to look at what’s being done in training and what I see every day, and that’s how I judge it.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Comment Advertisement Freddie Ljungberg took charge of his first game as Arsenal drew with Norwich City (PA Wire)Freddie Ljungberg insists Nicolas Pepe will be given a ‘fair chance’ to win back his place in Arsenal’s side after he was benched for the 2-2 draw against Norwich City on Sunday.Ljungberg took charge of his first game after replacing Unai Emery as Arsenal’s interim manager earlier this week.The Gunners went behind on two occasions at Carrow Road but Pierre-Emerick Aubameyang netted twice to salvage a draw.Meanwhile, Pepe was left on the bench as Ljungberg opted to bring on Bukayo Saka and Gabriel Martinelli as his attacking substitutions in the second half.ADVERTISEMENTBut Ljungberg says Arsenal’s £72 million summer signing will get his chance following Emery’s departure.AdvertisementAdvertisement‘I haven’t had that word with them but for me that’s how it works,’ Ljungberg said after Arsenal’s draw against Norwich. Metro Sport ReporterSunday 1 Dec 2019 6:17 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.6kShares Advertisementlast_img read more

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Judge: Show evidence to Iowa reporter arrested at protest

first_imgDES MOINES, Iowa (AP) — A judge has ruled that prosecutors must turn over body-camera footage and other material to a Des Moines Register reporter who was arrested while covering a protest in May. Judge Christopher Kemp on Monday ordered the Polk County Attorney’s Office to give body-cam footage and reports to reporter Andrea Sahouri by the next court date, which hasn’t been scheduled. Sahouri was arrested May 31 while covering a protest near a Des Moines shopping mall, less than a week after the death of George Floyd in Minneapolis. Prosecutors argued authorities didn’t need to provide evidence because the charges are misdemeanors and such cases are supposed to be handled quickly and inexpensively.last_img

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