Industry News

The Road to Recovery: Supporting Canadian Small Business Owners

This has been an incredibly difficult year for businesses of all sizes, and owners of small and medium-sized enterprises (SMEs) have been especially impacted. SMEs regularly face numerous costs that account for a considerable amount of working capital, including suppliers, leases and mortgages, and payroll. Most of the time, SMEs …

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Industry News

Five Trends Shaping the Recovery of Global Payments

By Bob Dowd It is no surprise that the global payments industry accelerated substantially in 2020. As the pandemic birthed arguably one of the biggest digital revolutions to date, more and more businesses are realizing the importance of having a global payments partner. Multiple factors have been the stimulus driving …

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Industry News

Five Industry Trends Affecting Payments in 2021

By Marius Galdikas The past year has been a rollercoaster for the payments industry, as it had to adapt to new challenges posed not only by the ever-changing needs of the consumer but by the pandemic as well. To shed some light on what the future has in store for …

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Industry News

Top Five Data and Analytics Trends to Power Growth in 2021

By Dr. Anthony Scriffignano, SVP, Chief Data Scientist, Dun & Bradstreet When Dun & Bradstreet surveyed a group of business leaders, they told us that data informed their decisions an average of 16 times a day but according to our research, nearly half of respondents did not have the right …

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BankingIndustry News

CIBC named Canada’s Best Consumer Digital Bank by Global Finance

Also recognized for being best in mobile banking, and for best mobile banking app and website design TORONTO–Global Finance magazine has named CIBC the Best Consumer Digital Bank in Canada, as well as being best in mobile banking, and for best mobile app and website design. “We are thrilled to …

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EFT & WireIndustry NewsMay-Jun 2019 Issue

Bank of Canada, MAS trial DLT

The Bank of Canada and the Monetary Authority of Singapore (MAS) reported May 2 that they have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies and distributed ledger technology (DLT). This is the first such trial between two central banks, they said in a …

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CybersecurityIndustry News

OpenText, Mastercard Partner to Transform Financial Processes Across Global Supply Chains

Automakers Keep Production Running Smoothly with Mastercard Track™ and OpenText Supplier Portal WATERLOO–OpenText, a global leader in Enterprise Information Management (EIM), and Mastercard , the global payments company, announced a partnership to help companies increase financial efficiencies across global supply chains, starting in the automotive industry. The collaboration will further …

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Industry NewsLeadership

Paysafe Group Appoints Philip McHugh as CEO

May 30, 2019: Paysafe Group, a leading global payments provider, today announced the appointment of Philip McHugh as its CEO, effective June 24, 2019. McHugh replaces Joel Leonoff who is taking up a new position as Vice Chairman of the Company’s Board of Directors. McHugh, who will also sit on …

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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 …

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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 …

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