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Online News Archive

This page will be updated bi-monthly. For current news, visit our home page

November-December 2012

Are your systems ready for the crush? Canadians set to repeat last minute holiday shopping dash

December 20, 2012 --Last minute Canadian shoppers may have a list, but they are running out of time to check it twice, according to the latest MasterCard Advisors SpendingPulse economic insights. Canadians were off to a slow start on their holiday shopping with November 2012 retail sales seeing a 1.3 per cent year-over-year growth totaling $30.5 billion, which is flat compared to the 5.3 per cent year-over-year growth rate seen in October 2012.

Vending program delivers lowered transaction costs for select card-based transactions

December 17, 2012 --Apriva, the leading provider of end-to-end wireless transactions and secure information solutions, announced that it will continue offering a discounted rate program to merchant acquirers and Independent Sales Organizations (ISOs) that serve Apriva Vend customers who deploy cashless vending technology. The rates, which are comparable to those before the enactment of the Durbin Amendment, are available immediately and cover payments made by Visa-branded credit, debit and pre-payment cards.

Gerry Gaetz appointed President, CEO of Canadian Payments Association

December 13, 2012--The Canadian Payments Association (CPA), the operator of Canada's national clearing and settlement systems, today announced the appointment of Gerry Gaetz as President and Chief Executive Officer, effective March 31st, 2013.

Bill S-215 on credit card fees tackles key concern of restaurant operators--CRFA

December 13, 2012 --Canadian restaurateurs are concerned and frustrated by the rising fees they are being charged by credit card companies on each customer transaction. The Canadian Restaurant and Foodservices Association (CRFA) is calling for more government action to put the brakes on runaway fees, which in many cases exceed the profits on a typical restaurant transaction.

ATMIA releases Second Global 2012 ATM Fraud Survey

Toronto--The ATM Industry Association (ATMIA), the only global non-profit association for the ATM industry, announced today the release of its second ATM fraud survey conducted among its members.

InComm Canada launches no-fee vanilla prepaid product line

December 4, 2012---InComm, a leading prepaid product and transaction services company, has implementated a no-fee model for its proprietary line of Vanilla prepaid products in Canada, in conjunction with issuing partner Peoples Trust Company.

Spending up from last year as Canadians eagerly pull out their pocketbooks in search of bargains on Black Friday

December 1, 2012 --Moneris Solutions, Canada's largest debit and credit card processor, announced today that Black Friday and Cyber Monday saw an overall increase in spending of 6.51 per cent and 22.54 per cent respectively, compared to last year - pointing to the growing popularity of two of the U.S.' busiest shopping days, in Canada.

New Visa service provides online fraud detection while minimizing friction for eCommerce transactions

November 26, 2012 --Visa Inc. started a new solution in its information products line up to help issuers reduce the risk of eCommerce fraud using real-time, risk-based transaction analysis. Called the Visa Consumer Authentication Service, the solution is designed to seamlessly support an issuer's Three Domain Secure (3-D Secure) program such as Verified by Visa and is available in all Visa Inc. markets immediately.

Opinion
Major developments ahead in Canada's credit card industry:Competition Tribunal ruling on Visa and MasterCard expected any day

November 21, 2012 ---The Canadian Federation of Independent Business (CFIB) is pleased to see significant progress on two major problems in Canada's credit card industry and is watching for an imminent ruling from Canada's Competition Tribunal on an important case on Visa and MasterCard practices.

Scotiabank upgrades to ABM network include enhanced access, security, transaction features

November 21, 2012 --Scotiabank announced today that it has completed a comprehensive upgrade to thousands of automated banking machines (ABMs) across Canada, offering customers enhanced access to safe and easy-to-use banking services.

The multi-year investment upgraded approximately 2,600 ABMs across the country, offering improved access for individuals with disabilities, enhanced security and new transaction features. The new state-of-the-art Wincor Nixdorf ABMs include larger screens and the latest processor technology for fast and effective service.

Futureshop.ca integrates web commerce with small footprint stores

November 20, 2012 --Future Shop, Canada's largest retailer and etailer of consumer electronics, is rolling out its new "Futureshop.ca," small format stores, which leverage their physical space with online shopping, offering consumers the ability to pay for their purchases online while inside the store, and to have the orders delivered the next day.

Home Trust teams up with MasterCard to grow cards, merchant acquiring

November 13, 2012---Home Trust Company, a wholly owned subsidiary of Home Capital Group Inc. and one of Canada's leading trust companies, has teamed up with MasterCard Canada to grow Home Trust's payment card services and merchant acquiring portfolio.

Bank of Canada issues $20 polymer bank note

November 7, 2012 -- The Bank of Canada announced the entry into circulation of the new $20 polymer bank notes during a ceremony at the Canadian War Museum in Ottawa. A similar event took place in Toronto at Sunnybrook Health Sciences Centre in the George Hees Wing (veteran residence).

Mattel, Walmart raise Canada's first virtual pop-up toy store

November 7, 2012 -- For the next four weeks Torontonians will have a new way to shop for toys, courtesy of Mattel and Walmart Canada who have launched the first pop-up virtual toy store in Canada. Located in the PATH, Toronto's underground walkway, the virtual toy store provides a unique QR code-based shopping experience for commuters and gift-givers.

Blackhawk Network to manage reloadable prepaid credit card

November 7, 2012 -- Blackhawk Network ( Canada) Ltd., a provider of prepaid and financial payments products for consumers and businesses, has launched its PayPower reloadable Visa prepaid cards. The prepaid cards are issued by All Trans Financial Services Credit Union Ltd. and managed in Canada by Blackhawk Network ( Canada) Ltd.

SecureKey provides new online authentication for Government of Canada

November 6, 2012 -- SecureKey Technologies Inc., which provides a platform-as-a-service for authentication, payment and identity, has launched SecureKey Concierge, a Credential Broker Service that allows Canadians to use their bank authentication credentials to access online services from the Government of Canada.

November 2, 2012 -- CIBC and Rogers have completed the first point-of-sale mobile credit card transaction in Canada using the secure SIM card inside an NFC-enabled smartphone. Simon Whitfield, Pan American Games and Olympic medalist, performed the credit card transaction, buying coffee at Tim Hortons using the CIBC Mobile Payment App on a BlackBerry smartphone from Rogers.

CIBC Poll: Smartphone growth surging as mobile payments invigorate the market

November 2, 2012 -- A new CIBC poll conducted by Harris/Decima shows that smartphone ownership and mobile banking usage continues to grow in Canada, and there is a strong interest in new services such as mobile payments, which will allow Canadians to make credit card purchases using their smartphone.

Interac online takes off for Aircanada.com

November 1, 2012 -- Canadians can now purchase tickets and services online for Canada's largest airline using Interac Online. The payment option allows consumers to shop for products and services over the Internet, using funds withdrawn directly from their bank accounts.

 

BRIEFS

 

Prepaid cards make good business gifts, report suggests Dec 17, 2012

CIBC chooses G&D trusted service manager for Canadian mobile payments Dec 12, 2012

Colin Temple to lead Amex's corporate travel business in Canada Dec 7, 2012

James Keely named CEO of newly-renamed EVO Payments International
Nov 28, 2012

Pollard Banknote's instant ticket product a record-setting sensation in Ohio Nov 28, 2012

New EMV solution provides faster time-to-market for POS developers Nov 28, 2012

More Canadians choose to shop online these holidays
Nov 21, 2012

RBC Visa Gift Cards no longer expire, most fees removed Nov 21, 2012

PJC Jean Coutu commits to installation of contactless debit at 400 stores Nov 21, 2012

Firm's new platform addresses flaws in traditional group-buying models Nov 20, 2012

More than 440 M&M locations across Canada to offer contactless debit payment Nov 16, 2012

GuestLogix announces successful COFETEL Certification for in-flight retail in Mexico Nov 8, 2012

Aimia and Points.com make minority co-investment in China Rewards Nov 7, 2012

Affinity Credit Union chooses instant card issuance solution from Everlink Nov 6, 2012

New American Express card focuses on personalization Nov 6, 2012

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Tenzing listed as third party service provider for MasterCard Worldwide and Visa Canada Nov 2, 2012

GuestLogix goes live onboard Jetairfly with Inflight Service Europe AB Nov 1, 2012

Pivotal Payments announces multi-currency processing for e-commerce and retail merchants Nov 1, 2012

 

 

 

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