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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s eCommerce volume is expected to reach $75 billion by 2025, and economic output in FinTech is anticipated to add $150 billion by 2022 to its GDP.

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Shell Launches Fleet Card, Telematics Suite In India

PYMNTS

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. percent by 2025. Comprehensive management systems with advanced telematics are all the more important for optimizing fleet operation expenses for growing businesses.

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SYSPRO Debuts ERP Solution To Help Companies Digitize

PYMNTS

The company estimates that by 2025 almost half of businesses will use digital payment systems to help with speed, reducing terms, financing and cross-border services. The new tool, called Payment Solutions for SYSPRO, aims to offer real-time credit card processing for sales order entry and invoicing within SYSPRO.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

More states require greater disclosure and control over what banks and card processors can charge. For example, the new Consumer Financial Protection Bureau (CFPB ) overdraft loan rule is expected to be enacted and go into effect in late 2025. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

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ISO 20022 For Banks – What You Need To Know

South State Correspondent

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. Operational Efficiency : By using a common standard, banks can streamline their operations, reduce complexity, and simplify their infrastructure.

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Today In Payments: Enova To Aquire OnDeck In $90M Deal; PayPal Reports Record Quarter

PYMNTS

Report: India’s National Payments Corp Vulnerable To Security Breaches. of India (NPCI) discovered over three dozen security risks in 2019. The audit determined that personal information held by the main digital payments system in the country operated by the RuPay card network was vulnerable. National Payments Corp.

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Deep Dive: How QSRs Can Fight The Rise Of App-Enabled Friendly Fraud

PYMNTS

Some dishonest customers request refunds even though they have received and consumed their meals or realized that family members have purposefully or accidentally used their cards to make food purchases. Such chargebacks are predicted to total approximately $40 billion before 2025. How QSRs Can Fight Back Against Friendly Fraud.

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