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Client in the News: Monica Eaton-Cardone, COO of Chargebacks911, Discusses Uber’s Move into Fintech

Client in the News: Monica Eaton-Cardone, COO of Chargebacks911, Discusses Uber’s Move into Fintech

 

 

Uber Opens A New Fintech Office In New York City

JoTo PR Client, Monica Eaton-Cardone, was featured in an article in ValueWalk called, Uber Opens A New Fintech Office In New York City

Uber is everywhere—literally. And now it has plans to make go the distance in a new industry: fintech. Uber is making this move in the hopes to better service workers in the gig economy. During a recent recruitment event, Uber Technologies Inc (NYSE:UBER) announced plans to accelerate the growth of its sideline business in financial products by opening a new fintech office in New York City. Fintech expert Monica Eaton-Cardone says that Uber’s primary goals are to encourage customer loyalty within its rideshare and food delivery businesses and help independent contractors manage earnings.

Here are a few points to consider:

  • Uber said it is interested in helping its network of independent contractors better manage earnings.
  • While it is estimated that as many as 20 percent of the full-time U.S. labor force will consist of short-term independent contractors by 2020, few traditional financial institutions offer services specifically tailored to this population’s needs.
  • Uber, which already has a program in place to help its drivers and food deliverers access an individual retirement account or Roth IRA, would be well positioned to offer further financial services to its own workers.

An acclaimed entrepreneur, speaker and author, Monica Eaton-Cardone is widely recognized as a thought leader in the FinTech industry and a champion of women in technology. She established her entrepreneurial credentials upon selling her first business at the age of 19. When a subsequent eCommerce venture was plagued by revenue-leeching chargebacks and fraud, Eaton-Cardone rose to the challenge by developing a robust solution that combined human insight and Agile technology. Today, her innovations are used by thousands of companies worldwide, cementing her reputation as one of the payment industry’s foremost experts in risk management, chargeback mitigation and fraud prevention. As CIO of Global Risk Technologies and COO of Chargebacks911, Eaton-Cardone leverages her global platform to educate merchants on best practices in fraud prevention and to spotlight the competitive and economic advantages women can bring to the technology workforce. Her nonprofit organization, Get Paid for Grades, invests in students to inspire a new generation of innovators. Get to know Eaton-Cardone at http://monicaec.com.   

ValueWalk discusses value investing, hedge funds, banks, asset managers and technology.

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