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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. National Payments Corp. 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.

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Video-Based KYC Fixes Its Gaze On Fraudsters

PYMNTS

Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. million by 2025, according to the new Tracker , and “FIs that leverage video-based KYC can reduce customer onboarding costs by as much as 90 percent.”.

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Great Expectations: Apple and Verizon Start Their 5G Engines

PYMNTS

ranked among the lowest of all nations surveyed as a function of how much faster download speeds have been for 5G over the current standard 4G. With operators and enterprises forging ahead in the development of 5G services, and growing consumer excitement, China has cemented its position as a global leader in 5G.” speeds were 1.8

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Kohl?s Leans Into Digital During Pandemic Store Closures

PYMNTS

These include operating with limited store hours, social distancing signage, elevated cleaning procedures, a new returns process, among many others,” Gass said. The retailer, for its part, has reopened approximately half of its stores throughout the nation.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

Its ability to detect and uncover money laundering and fraud at scale, including those perpetrated by organized crime, terror financing, and nation-state actors, is unparalleled. For example, the new Consumer Financial Protection Bureau (CFPB ) overdraft loan rule is expected to be enacted and go into effect in late 2025.

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Youth Sports: Don’t Wink At The Ref — Just Pay Them Faster

PYMNTS

Faster payment schemes are advancing worldwide, with the global real-time payments market expected to increase at a compound annual growth rate (CAGR) of 32 percent between 2019 and 2025. Deep Dive: Security in the Time of Faster Payments. Around the Faster Payments World. Get the full story in the Tracker.

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Five At Five: Twitter Warns Investors On Monthly User Totals

PYMNTS

Security Officials Warn of Potential Supply Chain Hack. National Counterintelligence and Security Center warned that Russia, China or Iran could be involved in such an attack, targeting software linked to the supply chain. The report by the U.S. Google Bans Apps that Mine User Devices for Crypto.