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 …

Retailer Hollister Co. announced Share2Pay, a payment option that enables consumers to share their digital shopping bag with their purchaser, such as a parent or grandparent, to complete the purchase. Developed in-house, the service, in testing, found that customers who shared their bags placed orders at almost twice the rate of other …

Electronic Verification Systems, a provider of identity- and age-verification solutions, early Monday announced the launch of AssurePay, a credit card-verification platform that EVS says authenticates consumer credit card information at the beginning of the payment process, instead of while the card data is being held for processing. To validate a …

With Halloween two weeks away, it’s time to start looking at the 2022 holiday shopping season and its potential impact on retailers and their payments volumes. E-commerce powerhouse Adobe Inc. is forecasting $209.7 billion in U.S. online holiday shopping purchases, up 2.5% from $204.5 billion in the Nov. 1 through …

It’s a fact of the payments world that fraudsters are adept at watching and following consumer behavior to maintain their criminal revenue flow. Just as consumers have returned to shopping in stores, criminals have returned to the point-of-sale, albeit without neglecting their online activities. That’s the summation from Visa Inc., …

The Federal Reserve said late Monday it has completed work on a clarification that reinforces a more than decade-old requirement that issuers enable a choice of at least two competing networks for online debit card transactions. The release follows months of research and investigation by the Fed and will go …

Despite economic headwinds from supply-chain bottlenecks and geopolitical instability, the payments industry continues to show resilient revenue growth, says a new report from the Boston Consulting Group. Global payments revenues are projected to grow about 9.5% in 2022, according to the report. Beyond this year, revenues are projected to grow …

More merchants have begun accepting cryptocurrency, and processors say there’s others to come. Good luck with that, say skeptics. A dozen years after the emergence of Bitcoin, widespread merchant acceptance of digital currency remains more a vision than a reality. Most merchants that do accept cryptocurrency insist on converting it …

The Fed will debut FedNow next year. It will face a highly complex—and surprisingly competitive—market for the instant transfer of value. In the near future, most people will be able to exchange money instantly anywhere, any time. A patchwork of competing and collaborating national and multinational instant-payment systems with very …

Imagine initiating a payment on your phone and seeing it settle into your payee’s account as fast—or just about as fast—as if you had handed him the same sum in cash. The dream of instant payments has been around probably for as long as electronic rails have existed for money …