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Online News Archive |
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This page will be updated bi-monthly. For current news, visit our home page |
September-October 2010 |
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October 21, 2010--Technological advances, regulatory changes and blurring lines between professional and personal lifestyles will significantly shape the financial services industry’s landscape throughout the next decade. Verizon has identified 10 emerging trends that are key factors in this transformation, and that will create an even stronger focus on advanced security measures within the industry.
The industry perspective, “Top Ten Trends of the Decade in Financial Services,” written by Chandan Sharma, global managing director of Verizon Business’ financial services practice, identifies the trends that will likely reshape the way financial services firms conduct business in the future. Read the article |
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By Robin Arnfield, News Editor
October 15, 2010--Lévis, Québec-based Desjardins Group has launched a set of mobile banking and insurance services for smartphone and PDA users. While Desjardins is providing a mobile banking application for Apple iPhone users to download, it says the new services can be used on any web-connected mobile device including as well as on Android-based phones, the iPod Touch and the BlackBerry. Read the article |
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By Robin Arnfield, News Editor
October 14, 2010--Montreal, Quebec-based Xsilva Systems has launched LightSpeed Mobile, a wireless version of its Apple Mac-basd LightSpeed point-of-sale system.
LightSpeed Mobile enables retail staff to take customer orders within a store and accept credit card payment by using a specially-adapted Apple iPod Touch. “The solution will also work with an iPhone,” Dax Dasilva, founder and CEO of Xsilva Systems, tells Payments Business. “But from a security viewpoint, it’s better to use an iPod Touch, simply because the only network capability it has is Wi-Fi. By contrast, an iPhone is a 3G phone that can connect to any mobile data network, which poses a greater risk.” Read the article |
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October 14, 2010--Datatel Inc., a leader in hosted Interactive Voice Response (IVR) solutions, has partnered with Trustwave to provide Payment Card Industry Data Security Standard (PCI DSS) compliance validation solutions for its call center clients. Trustwave is a leading provider of PCI DSS compliance solutions that service providers of all industries can offer to their clients.
PCI DSS is a requirement for all entities that store, process, or transmit cardholder data and has been endorsed by all of the major card brands, including Visa Inc., MasterCard Worldwide, Discover Network, American Express, and JCB. Read the article |
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By Robin Arnfield, News Editor
 Canadian grocery store chain Sobeys has appointed BMO Bank of Montreal as its retail financial services partner, replacing an earlier relationship with Citi. As part of the deal, Sobeys and BMO have launched two co-branded rewards-based MasterCard credit cards, one in Atlantic Canada and the other in Ontario and Western Canada. A third co-branded Air Miles MasterCard will be launched in October in Quebec, David Heatherly, BMO’s VP payments products, personal and small business, tells Payments Business. Read the article.
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By Robin Arnfield, News Editor
September 26, 2010--ING Direct Canada, the Internet- and telephone-only bank owned by ING of the Netherlands, has announced THRiVE, a no-fee chequing account. The bank has sent out emails to 10,000 of its existing customers inviting them to try out the new account. Read the article |
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By Robin Arnfield, News Editor
 September 24, 2010--Western Union has announced a strategic alliance with EnStream, the Canadian developer of the Zoompass Mobile Wallet, which will enable Zoompass users to send cross-border and Canadian domestic money transfers directly from their cellphones.EnStream is a mobile-commerce joint venture between Bell Canada, Rogers Communications and Telus, Canada's three largest wireless operators. Zoompass offers Canadians a way to send, receive and request digital currency within Canada using their cellphones. Read the article |
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By Robin Arnfield, News Editor
September 24, 2010--A survey conducted on behalf of Visa Canada has found that, despite being aware of misleading marketing practices, Canadian consumers are still falling prey to deceitful behaviour. The survey of 1,013 Canadians was conducted by Ipsos Reid between July 8, 2010 and July 15, 2010. It found that 20 percent of credit cardholders have been a victim of unauthorized charges on their credit card as a result of an offer they accepted online or over the phone. Read the article |
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by Robin Arnfield, News Editor
Septemver 20, 2010--hyperWallet has entered the international prepaid card market with offerings in the US and Mexico. “We originally developed our prepaid card technology platform in 2004, and then launched our first Canadian prepaid card with our partner Alterna Bank in 2005,” Bill Crowley, hyperWALLET’s vice president of product development, tells Payments Business. Read the article |
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By Robin Arnfield, News Editor
September 14, 2010--Canadian banks’ cash management platforms are at a technology crossroads, and need to modernized if foreign entrants are not to dominate the market, says a report from U.S.-based consultancy Aite Group. The ‘Trends in Canadian Cash Management: A Technology Crossroads’ study is based on Aite Group interviews with the six largest Canadian banks as well as with HSBC and Citigroup’s Canadian operations. Read the article. |
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September 14, 2010--BMO Bank of Montreal has partnered with IBM to enable T&E (travel and entertainment) expense data from BMO and Diners Club corporate cards to feed automatically into IBM’s Global Expense Reporting Solution (IBM GERS).
“BMO has a very large number of corporate cardholders,” says Terry Wellesley, Executive Managing Director & Group Head of BMO Spend and Payment Solutions. “We offer both corporate MasterCards as well as Diners Club corporate cards.” Read the article
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VersaPay signs five-year EFT contract renewal with Brewers Distributor Oct 27, 2010 |
Banorte selects March Networks solution in $1.2 million deal Oct 26, 2010 |
Equifax expands b2b credit, targeting services Oct 26, 2010 |
VeriFone, Gemalto forge strategic partnership, in talks to sell POS system Oct 19, 2010 |
TNS high-speed wireless ATM link goes 3G Oct 19, 2010 |
Interac ICA program expands to most ABMs in one year Oct 18, 2010 |
RDM adds new reseller partner Oct 18, 2010 |
Visa rolls out first debit products in Canada
Oct 18, 2010 |
Amex Canada offers innovative travel rewards card Oct 15, 2010 |
Improving working capital widespread European concern Oct 13, 2010 |
Sage, Ingenico partner on capabilities for SMBs
Oct 12, 2010 |
March Networks tops 400 global financial customers
Oct 4, 2010 |
Datacap EMV support for Canadian payment processors Sep 30, 2010 |
Western Union, Laurentian bank, renew agreement
Sep 28, 2010 |
More shoppers online, more orders, StatsCan survey shows Sep 27, 2010 |
New mobile payment gateway from Canadian firm Sep 27, 2010 |
Visa Canada, issuers, postpone chip liability shift Sep 24, 2010 |
MasterCard announces extension of chip and pin timeline Sep 24, 2010 |
Pivotal announces stellar results for mid-2010 Sep 24, 2010 |
Review shows focus on international outsourced debt collection Sep 22, 2010 |
ATMIA publishes best practices for preventing card trapping Sep 21, 2010 |
Moneris signs up for Inetco platform Sep 20, 2010 |
VeriFone PAYware Mobile for iPhone comes to Canada
Sep 15, 2010 |
Mastercard appoints new Canadian president Sep 14, 2010 |
Surcharge-free ATM network migrates to EMV Sep 14, 2010 |
Metro rolls out new reward program in Quebec
Sep 14, 2010 |
Ria offers remittances via Cash Store Financial Sep 14, 2010 |
CIBC completes purchase of Citi's Mastercard assests
Sep 2, 2010 |
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