The Merchant's Guide to Transactions, Cards & eCommerce
News Bites
Mobio announces management change
January 31, 2017
First-ever Yahoo Finance All Markets Summit to be held in New York City February 8
January 18, 2017
Scotiabank's president and CEO to speak at RBC Capital Markets Canadian Bank CEO Conference
January 5, 2017
NetCents exceeds projected monthly processing
December 7, 2016
2nd annual Canadian FinTech Awards Dinner sells out
November 8, 2016
D+H to present on real-time payments at Sibos 2016
September 28, 2016
Tempo Money Transfer enters Canadian market
September 23, 2016
Aspire Financial Technologies forms four data partnerships for gateway platform
September 7, 2016
Co-branded credit cards take top billing in 2016 MoneySense annual rankings
August 25, 2016
Manulife to drive efficiencies in investment research in unstructured financial data
August 25, 2016
Nordstrom expands rewards program, adds 1.7 million new members
August 16, 2016
President's Choice Financial offers digital payment via Apple Pay
August 11, 2016
Videotron offers customers new mobile payment option
July 18, 2016
Creditron wins new payments contract
June 29, 2016
Mia Huntington to head Elavon’s Canadian organization
June 13, 2016
Where Pass London creates first 3-in-1 Visa debit card combining travel, attractions, spending money
June 13, 2016
Posera completes sale of Zomaron
May 2, 2016
Rack up the rewards: Canadians are loyal to loyalty rewards programs
April 28, 2016

TIO Networks closes acquisition of Softgate Systems
April 25, 2016

Peoples Trust expands Canadian prepaid issuing services to SVM
April 19, 2016
ACT Canada releases 2016 Cardware conference agenda
April 6, 2016
RDM releases new cheque scanning unit
March 21, 2016

Ackroo to raise $2 million to finance growth, tech
March 17, 2016

Connect First Credit Union AGM is setting for contactless payments with Everlink Debitwear
March 17, 2016
Vexilor POS integrates with Xero to bring actionable insights to small businesses
March 15, 2016
AribaPay coming to Canada
March 14, 2016
Helcim brings POS innovation to developers with hybrid EMV terminal
March 14, 2016
Lightspeed eCom now available in North America
March 9, 2016
Online shopping: luxury brands at a fraction of the cost on Mcouture.com
March 9, 2016

Ascentium Capital launches merchant finance division
March 9, 2016

Canada Revenue Agency accepting Visa Debit for payments made online
March 7, 2016
Sappi North America reveals new paper gift cards
February 24, 2016
Hitting the gym just got easier: American Express Canada works out new partnership with GoodLife Fitness
February 22, 2016
Fujitsu launches new secure 2 in 1 device for ID
February 9, 2016
The Cass-patented BYOD payment solution expands globally
February 9, 2016
Saxo Payments set to launch industry white paper at Money2020 Europe
February 8, 2016

Sun City Group goes live on VersaPay's accounts receivable automation platform
February 2, 2016

Mogo announces management promotions in credit and operations
February 1, 2016

MBNA, CUETS Financial credit cards to join UGO Wallet
February 1, 2016

BillPro adds global payment products for merchants
January 27, 2016

Past News

 Industry Events

News In Depth

ATMIA's Retail Cash Management study identifies growth prospects

February 21, 2017 -- ATMIA has published a new study on growth prospects in the Retail Cash Management sector of the United States.

Major global transaction banks are now live with SWIFT gpi

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.

U.S. credit card debt reached $1 trillion in 2016

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.

Intuit goes live on VersaPay ARC, automating invoice to cash process

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.

POS terminal market to reach $73.12B by 2020: WiseGuy report

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.

IT departments find it hard to keep the cloud safe: Intel report

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.

SecureKey, DIACC awarded grant to create privacy-enhancing cloud ecosystem

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.

MTS launches MTS Money Wallet in Russia and the CIS

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.

Diebold Nixdorf, Air Bank launch new contactless ATM solution in Czech Republic

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.

Younger consumers using alternative payment tools more, would rather use bank account less: CPPO survey

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.

Scotiabank provides digital banking update

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.

Indian government removes all taxes on PoS machines in push toward e-payments

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.

RBC remains Canada’s most valuable brand

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.

Flexiti Financial secures access to over 1,000 new retail locations through customer and partner wins

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.

NextAI announces founding partners and initial commitment of $5M+ to build Canada's AI ecosystem

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.

First Global and Selectcore form JV to create a full suite FinTech business model

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).

Americans pay more than half of their bills online

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.

First Global adds movie cinemas and food courts to mobile wallet

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.

City of Calgary, Alberta launches one stop shop cashiering solution with System Innovators' iNovah Enterprise Revenue Management

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.

D+H to support SEPA instant payments in Europe as a frontrunner service provider

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.

OBSI launches five-year strategic plan to strengthen services to Canadians

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.

Ceridian announces record year for awards and recognition with over 35 award wins

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.

Basware recognized for best web-based supply chain financing solution by Global Finance

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.

Credit cards continue dominance over debit cards and cash in U.S.

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.

Smooth Commerce accelerates speed of mobile app registration to enhance m-commerce experience

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.

ACCEO and Mastercard partner to bring digital omni-channel payment solutions to global merchants

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.

ATMIA kicks off 20th anniversary with recognition from Wikipedia

January 10, 2017 -- Wikipedia, the world’s largest online encyclopaedia, has approved an entry for the ATM Industry Association at the beginning of the association’s 20th year.

Ricoh Canada launches e-invoice presentment and payment service

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.


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