May 20, 2016 -- Scotiabank has been recognized by Retail Banker International as the Global Bank with the Best Digital Strategy for 2016. This is the first time Scotiabank has received this recognition.
May 19, 2016--The Competition Bureau has launched a market study into technology-led innovation in the Canadian financial services (FinTech) sector. FinTech companies are using technology to change the way that Canadians consume financial services, such as making payments or transfers, investing and borrowing funds.
May 19, 2016 -- Beanstream, a Bambora company, today announced their expanded service, Beanstream USA that allows merchants and integrated partners to accept payments in the U.S., with seamless online onboarding and simple pricing tools. SaaS and cloud-based companies continue to disrupt industries and are transforming the digital evolution of B2B payments.
May 17, 2016--TIO Networks Corp., North America's leading cloud-based bill payment processor announced the launch of TIO.com, a mobile optimized web portal where consumers can pay bills in less than a minute from any Internet enabled device. TIO.com offers access to over 9,000 common U.S. household and consumer bills, ranging from utility, telecom, auto, mortgage, cable, satellite, and much more.
VANCOUVER--For small businesses across the country, accepting Apple Pay just got a whole lot easier, according to PayVida. The company announced that they have paired their industry-leading pricing with Apple Pay. This combination offers their clients -- small businesses, retailers and other Canadian entrepreneurs -- the ability to provide simple contactless payments to their customers. On top of this, the company commits to offering the most transparent credit card processing rates in Canada.
May 16, 2016--WePay, the leading provider of payments-as-a-service for online platforms including GoFundMe, FreshBooks, and Constant Contact, released a white label mobile point of sale solution that enables platforms to seamlessly handle in-person payments in addition to online payments.
May 10, 2016 -- Interac Association, Canada’s domestic debit network, announced the launch of Apple Pay, available to consumers with Interac debit cards issued by CIBC and RBC, and coming soon to BMO Financial Group, Scotiabank and TD. Apple Pay enables easy, secure and private contactless transactions using supported Apple devices. Consumers will now be able to add their Interac debit cards to theirApple Wallet and shop at the hundreds of thousands of merchant locations where contactless payments are already accepted in Canada.
May 10, 2016 -- Today, MasterCard announced it will bring its cardholders Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient. MasterCard credit cardholders banking with Royal Bank of Canada (RBC), Canadian Imperial Bank of Commerce (CIBC), Canadian Tire Bank and ATB Financial can pay with Apple Pay starting today, and cardholders who bank with BMO Financial Group (BMO) will be able to use Apple Pay in the coming weeks.
May 10, 2016 – Moneris Solutions Corporation (“Moneris”), one of North America’s leading credit and debit card processors, welcomes the Canadian expansion of Apple Pay enablement for Interac, Visa and MasterCard cardholders, following the American Express acceptance that was enabled in late 2015. With Interac Debit and three major credit card brands on board, coupled with the popularity of Apple devices in Canada, more consumers will be able to use their favourite credit and debit cards with Apple Pay.
May 10, 2016 -- Further to the announcement of the arrival of Apple Pay in Canada, Scotiabank announced that the Bank will add Apple Pay to its line-up of mobile payment options in the coming months. With the addition of Apple Pay, Scotiabank will now offer customers a mobile wallet service on almost any device.
May 9, 2016 -- Today, PayPal announced the launch of a new Return Shipping on Us service in Canada. By directly addressing a concern of online shoppers, this service aims to boost consumer confidence and help drive online retail by refunding return shipping costs on eligible online purchases within Canada and around the world.
May 5, 2016--NXG International, a provider of payment services and solutions in Canada, today announced a strategic partnership with CardX, a technology provider of service fee solutions (patent-pending). NXG International will bring CardX's innovative solution, Intelligent Rate, to qualifying merchants in Canada. Intelligent Rate gives eligible businesses and institutions the capability to accept credit card payments paying no cost for the transactions. This is a "revenue-neutral" card acceptance solution which also allows consumers to choose the fee they pay.
May 3, 2016 -–INETCO Systems Limited, a leading provider of real-time transaction monitoring and customer experience analytics solutions for retail banking channels, today announced they have signed an agreement with Fiserv, Inc, the global provider of financial services technology solutions. As part of this agreement, Fiserv will be reselling the INETCO Insight and INETCO Analytics omnichannel monitoring and analytics software to ATM operators and financial institutions managing large networks. Fiserv will also embed INETCO’s real-time transaction monitoring, alerting and on-demand customer experience analytics into Device Manager from Fiserv, which enables management of ATMs, kiosks, and self-service check-out stands, as well as other self-service devices.
May 2, 2016--Chain, Inc., a leading provider of blockchain technology, today announced the public release of Chain Open Standard 1 (Chain OS 1), an open source blockchain protocol developed over the last 18 months through a unique collaboration between the Silicon Valley company and global financial services firms.
April 25, 2016 --Canada joined a growing list of countries that have adopted ISO 20022, an important first step in the modernization of Canada's payment system. ISO 20022 is a global standard for electronic payment messages that will help businesses and financial institutions facilitate the move away from paper by creating the ability to exchange more information – like invoices - with electronic payments. ISO 20022 also helps to streamline cross-border payments by using a common global "language" for payments data.
April 20, 2016 --The Canadian Payments Association (CPA) has uncovered a common vision for payments in Canada, working with organizations representing diverse perspectives: A modern payment system must be fast, flexible and secure, promote innovation and strengthen Canada's competitive position. The findings, outlined in The Vision for the Canadian Payments Ecosystem, are the result of a CPA-led consultative process involving more than 100 financial institutions, businesses, consumer groups and governments about the future of Canadian payments.
April 19, 2016 -- Digitzs, a modern and disruptive global payments API for the massive yet underserved app marketplace and platform space, is launching live (via Periscope) today at 4 p.m. inside the Transact 16 Payment Facilitator ETA event at the Mandalay Bay.
April 19, 2016--VersaPay Corporation, a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that NEWSCYCLE Solutions is now live on VersaPay ARC, the company's AR automation solution.
April 18, 2016 -- Consumer spending inCanadagrew by 6.24 per cent in the first quarter of 2016 on a year-over-year basis, according to the MonerisMetrics Quarterly Report released by Moneris Solutions Corporation (Moneris), one ofNorth America'slargest processors of debit and credit payments. The first quarter of 2015 also showed growth of 5.78 per cent.
April 15, 2016 --In 2015, ACH transaction volume grew to more than 24 billion electronic payments, an increase of 1.3 billion payments or 5.6 percent, over 2014 volume, according to new statistics released today by NACHA — The Electronic Payments Association. This increase marks the second consecutive year in which ACH payments grew by more than 1 billion. Additionally, a total of more than $41.6 trillion was transferred over the ACH Network last year, increasing 4 percent compared to 2014.
April 8, 2016---Scotiabank and the Overwaitea Food Group will jointly launch the Scotiabank More Rewards Visa card this spring. The new card will offer one of the country's richest credit card rewards programs from western Canada's loyalty program called the More Rewards program.
April 7, 2016--BDC Capital, which calls itself the most active venture capital investor in Canada, has signed a multi-year partnership agreement with Startupfest, the largest startup conference in the country, to build a set of premium festivals that facilitate knowledge exchange, sharing of best practices, network expansion and enhanced collaboration between key players in the venture capital ecosystem – emerging tech founders, venture capital funds, angel investors, and accelerators.
April 6, 2016--VersaPay Corporation, a Canadian provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced its newest customer, The Erb Group of Companies (Erb). Erb, which provides trucking and distribution services throughout Canada and the US, selected VersaPay to support its rapidly growing business and its commitment to maintaining a leadership position.
March 26, 2016--BMO Financial Group and MasterCard marked the beginning of phased launch of the first biometric corporate credit card program in Canada and the U.S. that will enable cardholders to verify transactions using facial recognition and fingerprint biometrics when making online purchases, a process being called "selfie pay".
March 24, 2016 -- Yahoo recently conducted a consumer finance study to better understand Canadians’ perceptions of the banking industry across six key banking audiences: students, new Canadians, millennials, parents, boomers and self directed investors. Utilizing the motivations and trends impacting consumer loyalty and investment will enable Canadian banks to better position themselves to attract and retain customers.
March 23, 2016--Canadians cite benefit to the Canadian economy (44 percent), the cost of delivery (19 percent), the Canadian dollar (17 percent), and customs charges (16 percent) as the key factors behind preferring to make online purchases on Canadian websites. In its latest report in a series about the state of the Canadian Internet, the Canadian Internet Registration Authority (CIRA) investigates the growing importance of e-commerce to Canadian retailers. CIRA's research looked at online purchasing behaviours of both Internet users and small business owners.
March 23, 2016--Recently, Toronto-based Rakuten Kobo Inc., one of the world’s most innovative eReading companies, cut a deal with global payments provider Worldpay to manage its online payment processing and acquiring in Canada. Rakuten Kobo had been working with Worldpay in the US, Europe and Japan. The contract brings WorldPay’s portfolio, including acquiring, gateway, alternative payment methods, fraud and risk management services, to the Canadian market. The partnership is supported by Peoples Trust Company, Worldpay’s Canadian banking partner.
March 22, 2016--Inspired by the success of its Alberta BoostR online crowdfunding platform, ATB Financial has unveiled a new way to support the province's small businesses, this time through crowdlending. ATB LendR gives Albertans the opportunity to, as a crowd, loan money to budding entrepreneurs. Once an entrepreneur reaches half of its funding goal, ATB will provide the remaining half, completing the loan. ATB collects and distributes payments and interest back to the LendRs.
March 21, 2016--Nearly six months into the EMV chip card mandate, the PYMNTS.com SMB Technology Adoption Index, powered by Sage, for first quarter of 2016 finds that only 39 percent of small and medium businesses (SMBs) have implemented the required technology to accept Europay, Mastercard and Visa (EMV).
March 21, 2016--Gerry Gaetz, president and CEO of the Canadian Payments Association (CPA), spoke about creating positive change in the payments ecosystem in a presentation to Calgary treasurers, cash managers and corporate finance professionals on March 16 for the Association of Financial Professionals (AFP) Calgary. Calgary will be the location of Canada’s premier payments conference in June, Payments Panorama, run by the CPA.
March 18, 2016--FinTech companies are more bullish, believing they could capture a third of incumbents’ business. That's the consensus from a new PwC survey which assesses the rise of new technologies in the financial services (FS) sector and their impact on market players, reveals 83 percent of respondents from traditional FS firms believe part of their business is at risk of being lost to standalone FinTech companies, reaching a staggering 95 percent in the case of banks.
March 15, 2016--Ackroo Inc., the Ottawa-based gift card, loyalty and rewards technology and services provider, and D1 Mobile, a leading digital agency specializing in innovative mobile experiences that connect brands with their customer, are pleased to announce that the two companies have reached an agreement for Ackroo to acquire the assets of D1 Mobile which pertain to mobile payment and loyalty. Under the terms of the acquisition, Ackroo will acquire both D1 Mobile's Appetite Mobile Pay and Loyalty platform and D1 Mobile's customer base of 281 locations.
March 14, 2016--A survey conducted over the weekend of credit card users in the United States showed that 80 percent are concerned about credit card and identity fraud while 65 percent of credit card users would pay for a safer biometric secured credit card that has a built in fingerprint reader for protection.
March 14, 2016--American Express Canada has been recognized for its world-class service, winning the Service Quality Award of Excellence for its omni-channel best practices. The award acknowledges the seamless experience American Express customers have using multiple contact channels.
March 11, 2016--According to PwC's Canadian Banks 2016: Embracing the FinTech Movement report released today, Canadian banks are laser-focused on responding to the threats – and opportunities – posed to the banking industry, at the hands of a group of new companies building financial technology (FinTech) solutions. FinTech offerings range from competing financial services such as alternative lending, to additive solutions atop existing banking services, to enabling technologies for the banks themselves. Capitalizing on the latest mobile, cloud and digital technologies, Canada is now home to many FinTech firms who are trying to shake up and be accretive to the banking value chain.
March 11, 2016 --While recent hacks and data breaches of government agencies and financial websites have intensified public concerns about data privacy and security, a new study from SAS, Mobility, Vulnerability and the State of Data Privacy, reveals that overall concern is down among many consumers. SAS' latest research shows that 63 percent of respondents say recent events like these have heightened their concerns, a drop from 69 percent in similar research from 2014.
One exception is mobile payment systems. Only 28 percent of Canadian respondents report using them. A primary reason among non-users is unease about security. In this case, data concerns appear to be influencing adoption.
March 10, 2016--Following the Bank of Canada's interest rate announcement, Equifax Canada reports that delinquency rates remain at historic lows in its Q4 2015 National Consumer Credit Trends Report. When compared to the same quarter from a year ago, the 90+ delinquency rate (excluding mortgages) was unchanged at 1.09 per cent.
March 9, 2016--While 2015 marked a banner year for the fintech sector highlighted by newly minted Unicorns and increased involvement by financial services giants, Q4'15 saw investment to venture capital (VC)-backed fintech companies cool off, according to the Pulse of Fintech, the quarterly global report on fintech VC trends published jointly by KPMG International and CB Insights.
March 9, 2016--Visa Inc. says results of a new 2016 study conducted by Moody's Analytics that analyzed the impact of electronic payments on economic growth across 70 countries between 2011 and 2015. The Visa-commissioned study of those countries found that increased use of electronic payment products, including credit, debit and prepaid cards, added US$296B to GDP, while raising household consumption of goods and services by an average of 0.18 percent per year.
March 7, 2016--The Canadian Payments Association (CPA) has launched a multi-year initiative to modernize Canada’s core payments infrastructure, which will ultimately use the internationally recognized payment messaging standard, replacing multiple formats. The design phase of the project is slated to be completed by the end of 2016, and will see the CPA deliver ISO20022 message standards for Automated Funds Transfer (AFT) payments for use by its members. ISO20022 standards for Large Value Transfer System (LVTS) wire payments and Electronic Data Interchange (EDI) payments will be delivered later.
March 7, 2016 --Suretap a Canadian digital wallet technology company, added a new loyalty section to its mobile wallet application, allowing consumers to earn, redeem and manage loyalty points. The new capability is made possible in part through a partnership with Points, a loyalty commerce transactions and currency management provider.
March 3, 2016--TD Bank Group is the first Canadian financial institution to adopt Visa's global standard tokenization technology for its TD app for the Android operating system. Powered by Host Card Emulation (HCE), this tokenization technology provides TD customers with enhanced security by substituting sensitive account information with encrypted "tokens" during mobile payment transactions. An additional benefit to moving to this new solution is a more seamless user experience to set up and begin using mobile payments, in a matter of seconds.
March 2, 2016 -- DMTI Spatial and Financial Operations magazine are joining forces to present a not-to-be-missed webinar on Wednesday, March 30th at 10:30 a.m. EST focused on the business impact of digital disruption, including the challenge of serving digitally empowered customers and threats from fintech start-ups.
March 2, 2016 -- Beanstream, a Bambora Company, today announced the official launch of the sproutPOS platform for the Canadian market. sproutPOS is one of the first mobile point-of-sale (mPOS) solutions with Europay, Visa and MasterCard (EMV) chip and PIN technology that enables merchants to process payments with Interac debit, MasterCard, Visa and AMEX using their smartphones and tablets.
February 29, 2016--Central 1 Credit Union posted a profit of $52.4 million for the year ended December 31, 2015, compared to $53.6 million for the same period in 2014. The organization's growth was mainly driven by increased activities in electronic payments processing and MemberDirect online services in 2015 within digital and payments services.
February 26, 2016 -- The European Union's remittances market demonstrated a 15-percent growth, to exceed $135 billion in volume, the France-based international service provider Tempo Money Transfer reported. In its market overview, the Paris-headquartered operator said that in spite of global economic turmoil, the demand for remittances has been on the rise.
February 26, 2016 -- Fraud numbers released today by Interac Association (“Interac”) show that Interac Debit losses due to skimming have continued a six year drop setting a new record low of $11.8 million in total losses to financial institutions in 2015. This reflects a 27 per cent decrease from the previous year when fraud losses amounted to $16.2 million in 2014. In the rare occurrence of fraud, consumers are fully protected through the Interac Zero Liability Policy.
February 23, 2016 -- Everlink Payment Services Inc. has a new strategic partnership with Libro Credit Union, the third largest credit union in Ontario, to provide Central Card Issuance (CCI) to over 100,000 owners of their credit union.
February 23, 2016 -- As digital payments become more prevalent in every corner of the globe, MasterCard continues to work with its partners to create a more connected and secure commerce ecosystem. Today at Mobile World Congress, MasterCard and Giesecke & Devrient (G&D) announced a partnership that will combine the MasterCard Digital Enablement Service (MDES) with G&D’s Convego CloudPay solution, enabling issuers to work directly with G&D to implement industry-standard tokenization technology for their issuer HCE wallets. This provides consumers with access to digital payments provided directly by their card issuers. A leading mobile payment provider, G&D becomes the first third-party company to offer MDES tokenization services to issuing banks.
February 22, 2016 -- Canada’s credit unions will be offering a new secure Mobile Pay service using Interac Flash starting this spring. Credit union member/owners will be able to use their supporting smartphones to make purchases directly from their savings or chequing accounts at retailers displaying the Interac Flash logo. This new solution builds upon the success of Interac Mobile debit solutions and the Interac Token Service Provider (TSP), which enables credit unions to innovate, build and manage secure digital payment experiences. Credit unions will be the first users of the new Interac TSP in Canada.
February 22, 2016 -- Redknee Solutions Inc., a leading provider of real-time monetization and subscriber management software, is pleased to announce the signing of a new multi-year expansion of services contract, including licenses, support and other consulting services, with Turk Telekom, a leading mobile operator in Turkey with over 17 million subscribers. With signing of this new contract, Turk Telekom will further strengthen its relationship with Redknee and leverage its real-time monetization and subscriber management software to support the impending launch of new LTE services in the coming months.
February 22, 2016 -- Coinciding with the Mobile World Congress 2016, Interac Association/Acxsys Corporation has introduced enhanced innovative capabilities that are setting the standard for secure debit payments and accelerating the growth of digital payments in Canada. A key development is the Interac Token Service Provider (TSP), which is among the first for a domestic debit network globally. This proprietary token generation and management service enables financial institutions, merchants and our partners to innovate, build and manage secure digital payment experiences.
February 22, 2016 -- Wincor Nixdorf, one of the leading providers of IT solutions to retail banks, and Mahindra Comviva, the global leader in providing mobility solutions, have collaborated to enable seamless transaction experience at the ATM.
February 16, 2016 -- Person-to-person (P2P) payments are increasing in popularity and diversifying in use, with nearly one-third of consumers currently utilizing the service, according to recent research by Auriemma Consulting Group (ACG). The firm's latest Cardbeat® surveys, among 800 US credit cardholders, found that users report several practical uses for P2P payments other than just splitting the check -- many citing transaction speed and ease of use as reasons for the preference.
February 11, 2016 -- iovation, the provider of device intelligence for authentication and fraud prevention, has announced it will participate in a panel discussion about the latest mobile payments trends and the next generation of consumer authentication at the 9th Annual Mobile Payment Innovations Summit. Max Anhoury, iovation's vice president of global partnerships, will present to and participate with financial industry professionals in the session entitled "Balancing Fraud and Prevention with Functionality: The Ongoing Mission." Leading financial institutions and payment processors attending the summit include MasterCard, American Express, U.S. Bank, Wells Fargo, PayPal, Citibank, Capital One and more.
February 11, 2016 -- Linedata, the global solutions provider dedicated to the investment management and credit industries, is pleased to announce that Linedata Capitalstream, the Best-in-Class solution that provides leading financial institutions with the tools and services they need to automate multiple lines of business around the globe, has partnered with Meridian.
February 10, 2016 -- GuestLogix Inc. announces that the Company has commenced proceedings and obtained court protection under the Companies' Creditors Arrangement Act (the "CCAA") as the Company attempts to restructure and reorganize its assets, business and financial affairs. The operations of OpenJaw Technologies Limited are not subject to the CCAA proceedings.
February 10, 2016 -- Auriemma Consulting Group (ACG) has launched an industry roundtable focused on credit card marketing operations -- the firm's first-ever executive group oriented toward pre-acquisition business processes and compliance risks. Intensifying regulatory pressure, new consumer disclosure pitfalls, and the rise of digital channels have transformed how financial institutions execute marketing activities, from offer delivery and fulfillment to the rollout of new products, services, and campaigns. The Marketing Operations Roundtable, an extension of ACG's information sharing and benchmarking platform, is designed for credit card industry executives who oversee this broad and highly complex set of tasks.
February 8, 2016 -- Diebold, Inc., a global leader in providing self-service delivery, value-added services and software primarily to the financial industry, announced today it has commenced the voluntary public takeover offer for all no-par value bearer shares of Wincor Nixdorf Aktiengesellschaft, a leading provider of IT solutions and services to banks and the retail industry.
February 8, 2016 - -SmartMetric has announced a new fingerprint activated EMV chip (smartcard) technology at the Smart Card Alliance conference for the smart card including payments chip card industry.
While SmartMetric has been presenting its advanced biometric activated card to select financial institutions internationally this will be our first official unveiling of our card to the industry and the media, said SmartMetric's President and CEO, Chaya Hendrick.
February 5, 2016 -- Coin Reverse Inc., a New York-based cryptocurrency trader, has announced that it has put a "can't say no to" offer on the table for Bitcoin sellers, as it's revealing its new cryptocurrency investment policy and appetite. The company has launched a market break-through offer on Bitcoin trade, sustaining a buying rate which is 15% higher than Market's official rate.
February 3, 2016 -- Payment fraud remains the top concern for travel agents, exclusive research commissioned by eNett International reveals today. World leading market research company, Euromonitor, interviewed leading travel agencies across Canada and found fraud prevention remains the key priority when it comes to supplier payments. Designed to gain an insight into Canada's current supplier payments landscape, the study showed current industry trends are forcing agents to reassess their payment methods. For example, Canadians continue to make more international trips, and to more exotic destinations. In 2013 alone, over CA$30 billion was spent overseas. Consequently, agencies need to make more payments to previously unknown suppliers, in riskier locations.
February 3, 2016 -- DH Corporation, a leading provider of technology solutions to financial institutions globally, has successfully integrated blockchain distributed ledger technology into its global payments services hub. D+H is now in active discussions with banks to implement this payment solution with integrated blockchain capabilities
February 2, 2016 -- VersaPay Corporation has received proposal letters from Revenu Quebec (RQ) in which RQ is proposing to reassess VersaPay under various rules contained in the Excise Tax Act and the Quebec Sales Tax Act in relation to the Company's 2008 to 2014 tax years. The potential for the proposed reassessments has been anticipated and has been previously disclosed by the Company.
February 2, 2016 -- Checking into and accessing a guest room is faster and easier for Marriott Rewards members at the Calgary Marriott Downtown, thanks to the launch of the new Mobile Key App. Using mobile technology, smartphones now act as a room key, allowing guests to bypass the front desk and go straight to their rooms.
February 1, 2016 -- Regulating credit card loyalty programs in order to protect Canadian consumers would entail perverse effects that would harm those consumers, as experiences elsewhere in the world have shown, explains an Economic Note published today by the MEI.
February 1, 2016 -- ReUp, a digital application that lets business owners build their own branded loyalty payment app for iOS and Android devices, has launched in Canada, helping local businesses connect with and reward customers using a mobile payment platform.
February 1, 2016 -- Vancouver-based fintech company Voleo Inc. has announced that it has been selected to participate in the world's leading fintech accelerator program - Accenture's FinTech Innovation Lab. Taking place at Level39 in London between January 6 and April 7, 2016, Voleo will work alongside 14 other startups from around the globe with the likes of HSBC, Barclays, Santander, RBS Group, Lloyds Banking Group, Deutsche Bank and JP Morgan. Each participant will be immersed in the intensive program intended to nurture and progress new technologies for the financial services sector.
January 28, 2016 --Payments security is a core area of concern for retailers, according to new research from ACI Worldwide. The survey of 200 retail industry professionals was conducted in January 2016 at the National Retail Federation’s Annual Convention and Expo, “The Big Show.”
January 27, 2016--Bond Brand Loyalty has rolled out an innovative new solution to help North American banks lead in the competitive landscape of reward and loyalty programs, all while offering bank customers a near "endless aisle" of instant redemption with leading retail brands. Better yet, the standalone rewards app requires no large-scale retailer POS integration or associated expense.
January 27, 2016--TIO Networks Corp, a Canadian multi-channel bill payment and receivables management technology provider, won Cantech Letter's 2015 TSX.V Tech Stock of the Year award, and CEO Hamed Shahbazi the Cantech Letter TSX Venture Executive of the Year award. This is the second year in a row TIO has received both prestigious awards.
January 25, 2016--ACT Canada has promoted Andrea McMullen to the position of president, while former president Catherine Johnston will remain as CEO. In her new role McMullen will be responsible for implementing high-level strategies, making major corporate decisions, managing the overall operations and resources of the association and directing its growth.
January 25, 2016 -- Canadians shopped online in record numbers during this year's holiday shopping season. For the first time in Canadian eCommerce history, the combined online share of sales in November and December 2015 totalled 9.8%, according to MasterCard SpendingPulse, which looks at Canadian retail sales across cards, cash and cheques to offer detailed insight into consumer spending trends. November and December 2015 were both record-breaking months. In November, online sales accounted for 9.7%, the highest in Canadian eCommerce history. This record was broken in December when online sales climbed to 9.9% of total retail sales, up from 8.6% in 2014.
January 22, 2016 -- PayByPhone, the world leader in mobile payments for parking has joined forces with parking location and reservations provider ParkJockey to deliver parking services to parking authorities, parking operators and consumers.
January 22, 2016 -- As Canadian consumers get ready to enjoy some Cyber Monday sales, an MEI publication points out that the non-collection of sales taxes on Canadians' online purchases from foreign websites has both advantages and disadvantages. This tax avoidance places our online retailers and brick-and-mortar stores at a disadvantage through a kind of unfair competition, but it increases the real incomes of consumers.
January 22, 2016 -- According to PwC's Global State of Information Security® (GSISS) Survey 2016, Canadian companies are taking steps towards establishing holistic, integrated safeguards against cyberattacks. While investment in safeguards against cybersecurity threats have increased by 82% year over year, it still accounts for an average of only five per cent of overall IT (Information Technology) spending.
January 22, 2016 -- Amex Bank of Canada has announced the appointment of Rob McClean as President & CEO of Amex Bank of Canada, and President and General Manager, Amex Canada Inc. Mr. McClean takes this role after serving as Senior Vice President & General Manager of Small Business & Lending for Global Network & International Card Services.
January 22, 2016 -- EvoMarketPlace has invested in the Montreal-based e-commerce company Tempt Brands. This partnership will financially support Tempt Brands' online store and will diversify EvoMarketPlace's portfolio of services.
January 22, 2016 -- DirectCash Bank (DC Bank) and Interac Association/Acxsys Corporation (Interac) have announced the launch of Interac e-Transfer bulk disbursement ("Bulk Interac e-Transfer") for all of DC Bank's business customers. This enhanced solution extends the core Interac e-Transfer service into the commercial space by offering businesses a secure, cost-effective alternative to cash, cheque, or prepaid card disbursements for their customers.
January 22, 2016 -- The Capital One Aspire TravelTM World Elite MasterCard® has been named Canada's top travel points card with an annual fee as announced by Rewards Canada in its annual rewards credit card ranking.RewardsCanada.ca is a leading online resource for news and information about travel rewards cards and loyalty programs. Its popular annual rewards card ranking provides Canadian consumers with information and expert advice on the best travel rewards cards to suit their needs.
January 22, 2016 -- The Royal Canadian Mint is pleased to announce that all assets related to MintChipTM, a digital currency product developed by the Mint, have been sold to Loyalty Pays Holdings corporation – a wholly owned subsidiary of nanoPay, a fully-integrated loyalty and payments platform provider.
January 22, 2016 -- Aeroplan has announced that members can start earning miles across the full automotive customer journey on all Toyota and Scion vehicles in Canada. As part of its new partnership with Toyota Canada Inc. (TCI), Aeroplan Members can earn the following...
January 21, 2016--Moneris Solutions Corporation, one of North America's largest processors of debit and credit card payments, will be providing electronic payment processing solutions to the business-to-business (B2B) marketplace in Canada, currently valued at $2.8T.1 B2B payments refer to any payment conducted between two companies, rather than between a company and individual consumer. Moneris' B2B payment solutions will enable businesses to accept electronic payments from commercial customers and help move them away from less efficient invoicing and paper-based systems.
January 16, 2016--On January 18, 2016, Desjardins will begin issuing MasterCard credit cards, giving MasterCard distinction as the only payment network in Canada to be offered by all major financial institutions.
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