Moneris introduces Lightspeed Restaurant to its menu of iPad POS solutions

Bundled solution designed for every restauranteur offers unique management tools, reporting features and secure payment acceptance TORONTO–Moneris Solutions, Canada’s largest processor of debit and credit card payments, today announced the addition of Lightspeed Restaurant to its suite of iPad point-of-sale (POS) solutions. The all-in-one management tool for full-service and fast …

CybersecurityIdentity VerificationOnboarding

New report examines dueling priorities in banking: Identity verification and customer experience

Rancho Santa Margarita, CA—Melissa, a leading provider of global contact data quality and identity verification solutions, today announced availability of “Identity Verification: Successful Strategies to Minimize False Positives and Risk,” a new report commissioned by Melissa and produced by Aite Group. The paper explores the challenge of verifying identity without …

EFT & WireIndustry News

Scotiabank Implements Real-Time Wire Tracking for Business Customers

TORONTO–Scotiabank is the first Canadian-based bank to leverage SWIFT’s Global Payments Initiative (SWIFT gpi) to enable its business customers to track their wire payments in real time through ScotiaConnect, the Bank’s digital business banking channel. In September of 2018, the Bank launched the wire tracking tool internally to help its …

BillingIndustry News

Central 1 Delivers First-in-Canada combined Request Money and Small Business Invoicing using Interac

VANCOUVER–Central 1 announced the launch of Request Money integration into Central 1’s small business online invoicing and payments product. The integrated solution combines Central 1’s small business online invoicing service with Request Money into a single digital platform using Interac e-Transfer Request Money feature. Saskatchewan-based Synergy Credit Union is the …

Industry NewsPre Paid

Third Annual CPPO Prepaid Symposium adds international speakers, new workshops

TORONTO–The Canadian Prepaid Providers Organization (CPPO), the voice of the rapidly growing prepaid payments industry in Canada, has announced new speakers for the third annual CPPO Prepaid Symposium on May 13, 2019, at the Toronto Region Board of Trade. The CPPO Prepaid Symposium is the premier education and networking event …

Industry NewsLeadership

2019 federal budget includes measures to improve the Canadian payment system

Retail Payments Oversight Framework represents a step forward for payments industry OTTAWA–Canada’s federal government yesterday announced Budget 2019, Investing in the Middle Class, which supports payments innovation and changes to safeguard the funds and payments data of Canadians. Most notable to the payments ecosystem is the government’s proposed functional, risk-based …

Industry NewsIntegrated Payments

Leading Fintech provider Galileo posts 88 percent run rate increase in 2018

SALT LAKE CITY–Galileo, the trusted technology partner for fintechs, financial institutions and investment firms worldwide, today announced significant company growth and an expanded portfolio of payments and cash management solutions that increases business opportunities for its clients. Galileo’s client base grew 34 percent and the company’s number of employees increased …

Industry News

Inventor of the World Wide Web, Sir Tim Berners-Lee, to speak at Canada’s largest payments conference

OTTAWA–Sir Tim Berners-Lee, inventor of the World Wide Web and one of TIME Magazine’s “100 Most Important People of the 20th Century”, joins the growing roster of notable speakers at the 2019 edition of The Payments Canada SUMMIT. Berners-Lee will be in the company of other high-profile innovators and industry …

Mar-Apr 2019 Issue

Securing payments in a connected world

By Gord Jamieson The world is becoming hyperconnected with the rise in the number of smart devices. This is driven in part by the growing comfort and habit among consumers with making purchases on their phones, tablets, computers and Internet of Things (IoT) devices. In fact, industry analysts predict there …

Mar-Apr 2019 Issue

A rewarding card strategy

By Allen Pettis Canadians love their credit cards. In TSYS’s most recent Canadian Consumer Payment Study, consumers ranked credit cards as their number one favourite payment method for the fourth year in a row. And for the first time since the study began, Canadians across age groups and income levels …