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- A new Juniper Research report forecasted e-commerce fraud will exceed $48 billion globally in 2023, up from $41 billion in 2022.
- BJ’s Wholesale Club has selected Capital One as the issuer of the retailer’s cobranded Mastercard, which is set to launch early next year.
- Galileo Financial Technologies said it has been Visa Ready certified as an issuer processor on the strength of its Payment Cards as a Service API for card issuing.
- ClassWallet, provider of a digital-wallet technology for educational institutions and government agencies, reported its transaction volume more than doubled, reaching $585 million in fiscal 2022 ending July 31 compared to $227 million in fiscal 2021.
- The Clearing House Payments Co. LLC has joined the Open Invention Network as a community member. The OIN aims to safeguard open-source software from infringement.
- Mastercard Inc. launched its “Secret Sauce” small business campaign in Canada to foster women small business owners and their enterprises.
- Visa Inc. appointed Kermit Crawford, former president and chief operating officer of Rite Aid Corp., to its board, effective Oct. 7.
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