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 …

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 …

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 …

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 …

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 …