February 16, 2017 -- SWIFT announces today that global transaction banks are actively using SWIFT’s new global payments innovation (gpi) service, which opened for live payments in January 2017. ABN AMRO, Bank of China, BBVA, Citi, Danske Bank, DBS Bank, Industrial and Commercial Bank of China, ING Bank, Intesa Sanpaolo, Nordea Bank, Standard Chartered Bank and UniCredit are live with SWIFT gpi, exchanging gpi payments across 60 country corridors. Numerous additional banks will follow in the coming months.
February 16, 2017 -- Credit card receivables, also referred to as outstanding debt, generated by cards issued in the U.S. topped one trillion dollars at year-end 2016 according to The Nilson Report. Those outstandings were tied to Visa, Mastercard, American Express and Discover cards as well as to private-label cards issued for use only at select retail, gasoline, medical, airline and car-rental locations.
February 15, 2017 -- VersaPay Corporation today announced that Intuit Inc. has implemented VersaPay ARCTM for select small business and accountant customers. The service allows the company's customers that primarily pay Intuit on a net term basis to use a self serve portal and pay online 24/7. This improves Intuit's collection tools and gives them the flexibility to better manage their invoice to cash cycle.
February 14, 2017 -- The Point of Sale terminal market has grown considerably over the past few years because they offer high returns on investments and are much easier to use. The demand for POS terminals especially from small and medium sized businesses has increased since they are more durable than traditional cash registers and help in lowering total cost of ownership. Security issues like data breaching which were supposed to restrain the growth of POS terminals have been settled by PINs (Personal Identification Numbers) and Chip-embedded payment cards.
February 14, 2017 -- Intel Security's second annual cloud security report, “Building Trust in a Cloudy Sky” outlines the current state of cloud adoption, the primary concerns with private and public cloud services, security implications, and the evolving impact of Shadow IT of the more than 2,000 IT professionals surveyed.
February 14, 2017 -- SecureKey Technologies Inc. and the Digital ID and Authentication Council of Canada (DIACC) have announced their receipt of a new Applied Research Grant to enable the development of a Cloud Identity Ecosystem.
February 13, 2017 -- Mobile TeleSystems PJSC has launched MTS Money Wallet, enabling users easy "one-click" access to MTS's financial services and to be rewarded with bonuses and loyalty points. The new service combines all payments tools on one platform, including electronic wallet, bank cards, and customers' mobile account balances. Not just a payment system, MTS Money Wallet is a hub for all of MTS's financial services.
February 13, 2017 -- Air Bank is partnering with Diebold Nixdorf based on the latter's ability to innovate and deliver enhanced consumer experiences with the CS 2020 cash dispenser, software and services. The cash dispensers feature a range of advanced software-enabled digital functions, including the ability to authenticate and transact without the use of a traditional card reader or PIN pad.
February 6, 2017 -- A recent study has found that while 99 per cent of Canadians have a bank account there is a growing interest, especially amongst younger Canadians, to adopt alternative payment tools that they view as more convenient. Prepaid cards continue to grow in both usage and popularity. At the same time, 13 per cent of consumers are using bank accounts less.
February 2, 2017 -- Scotiabank is providing a Digital Banking update today in Toronto to review the Bank's Digital Transformation and discuss how Digital will help the Bank continue to deliver a superior customer experience and realize benefits from increased efficiency.
February 1, 2017 -- In a move to push digital payments, the Indian government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc.
February 1, 2017 -- As a nation, Canada prides itself on stability and predictability, and those traits were reinforced in the latest ranking of the country’s most valuable brands. Every year, leading valuation and strategy consultancy Brand Finance values the brands of thousands of the world’s biggest companies. Canada’s 100 most valuable brands are listed in the Brand Finance Canada 100 league table.
January 31, 2017 -- Flexiti Financial, a leading provider of Point-Of-Sale (POS) financing and payment technology for retailers, today announced that it has secured access to over 1,000 new retail locations through a series of customer and partner wins, including Spence Diamonds, the Canadian Jewellers Association, Starkey Hearing Technologies, Andre's Electronics and Wicker Emporium. Together, these wins demonstrate continued momentum for Flexiti Financial's customer acquisition strategy and adoption of its award-winning POS lending platform by retailers across Canada.
Janaury 25, 2017 -- Today NextAI announced major partnerships with several leading Canadian companies to help fund and support the program and its participants. NextAI is a global innovation program for artificial intelligence-related ventures, and talented teams from around the world are invited to Canada to leverage the nation's leadership in AI and are provided with capital, mentorship, education and networking opportunities. The concept for NextAI was born out of an innovation brainstorming session sponsored by RBC and Magna during the summer of 2016, and joining RBC and Magna as founding corporate partners are BDC Capital and Scotiabank. To date, the funding provided by all corporate partners totals $5.15 million.
January 25, 2017 -- First Global Data Limited ("First Global" or the "Company") is pleased to announce that it has entered into a Letter of Intent ("LOI") to create a Joint Venture ("JV") with Selectcore Limited ("Selectcore" TSX Venture Exchange: SCG).
January 24, 2017 -- While the shift to online payments continues to ascend, there are stark generational differences when it comes to paying bills, according to new benchmark data, “How Americans Pay Their Bills,” from ACI Worldwide and Aite Group. U.S. consumers spent a record-setting amount on bill payments in 2016 ($3.9 trillion). They are faced with a wide range of transactions involving myriad methods of payments and channels, leading households to reprioritize how and when they pay their bills.
January 24, 2017 -- First Global Data Limited ("First Global" or the "Company") is pleased to announce that more than 400 movie cinemas and food courts across India will be accepting the VPayQwik mobile app as a payment method.
January 23, 2017 -- System Innovators (SI), a division of N. Harris Computer Corporation, is pleased to announce that the Corporate Cashiering department at the City of Calgary, Alberta is now live with iNovah Enterprise Revenue Management (ERM), taking 27,500 payments in the first day. The citywide implementation of iNovah consolidates the City's legacy cashiering solutions and provides a state-of-the-art cashiering and enterprise revenue management solution that reduces manual efforts and delivers a consistent experience for staff and citizens.
January 23, 2017 -- DH Corporation, a leading provider of technology solutions to financial institutions globally, today announced that it is part of the frontrunner service providers ready to provide banks that join the EBA CLEARING instant payment service with support services. The "frontrunner service providers" label and public listing have been introduced by EBA CLEARING on its website to help European financial institutions identify service providers that can assist early adopters in particular in connecting to EBA CLEARING's pan-European real-time payment infrastructure.
January 20, 2017 -- Canada's Ombudsman for Banking Services and Investments (OBSI) has published its strategic plan, which outlines the key strategic directions that the organization will pursue over the next three to five years.
January 18, 2017-- Ceridian, a global human capital management technology company, announces the results of an outstanding year for awards and recognition. In 2016, Ceridian was recognized 36 times, winning awards for a variety of achievements, including innovation, leadership, culture, and being a top employer.
January 18, 2017 -- Basware, the global leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, today announced that it has been recognized for providing the best web-based supply chain financing solution by Global Finance magazine in its tenth annual ranking of the World’s Best Supply Chain Finance Providers. The company was selected for its working capital services portfolio, which delivers multiple payment and financing options, enabling companies to realize greater financial agility, flexibility and liquidity. Basware’s financial services operate over the Basware Network, the largest open business network in the world, providing easy collaboration between buyers and suppliers of all sizes.
January 18, 2016 -- Credit cards continued to gain share against all other forms of payment in the U.S. in 2015. The Nilson Report, the leading card and mobile payment trade publication, measured 11 methods of consumer payments in the U.S.
January 17, 2017 -- Today Smooth Commerce announced the launch of Register with Visa Checkout in the SmoothPay app, showcasing a first-of-its-kind innovation to enhance the mCommerce experience by speeding up the registration process within mobile applications. The collaboration between Smooth Commerce and Visa marks the first integration of Visa's Developer program in Canada.
January 12, 2017 -- ACCEO Solutions Inc. has announced a new partnership with Mastercard to offer state-of-the-art in-store and e-commerce payment solutions to retailers with a global presence, using Mastercard Payment Gateway Services and ACCEO Tender Retail. A leading payment processing and device management solution, ACCEO Tender Retail is deployed by world‑class retailers throughout North America and is part of the wide range of products and services provided by ACCEO.
January 3, 2017 -- Ricoh Canada Inc. today announced the release of their e-Invoice Presentment & Payment Service – a powerful new solution designed to help customers rapidly gain new efficiencies through the delivery of digital bills and invoices to their customers and suppliers.