Jan-Feb 2019 Issue

By Nicolas Beique Credit unions build their customer base and strengthen customer retention around their unique (non-profit, member owned, operated and focused) business structures and offerings. When their business customers ask them about which suppliers they should get payment processing services from, it’s important that the credit unions have the …

By Patrick Léonard Technology exerts an oversized impact on our world, and in the last 20 years every sector has been disrupted. Processes that have been altered to embrace change now face a cycle of constant upheaval in an effort to keep pace with the latest tech trends, which are …

By Alex Barrotti Historically, the restaurant industry has been slow to adopt technology. The paper pad and pencil have been the standard for hundreds of years in restaurants and are still used by many smaller food establishments. However, with the advent of tablet-based point of sale (POS) solutions that offer …

By Blair Jeffery The growing acceptance of virtual cards, sometimes referred to as v-cards, by small to mid-sized businesses (SMBs) is increasing exponentially as billers embrace the improved security and convenience of this digital payment method over paper cheques. But for most SMBs, including business to business (B2B) companies, the …

By Justin Schweisberger Canada’s ongoing transition to a new payments infrastructure that provides full remittance data for electronic transactions will be a huge boon for businesses, accelerating the migration from cheques, reducing manual reconciliation and streamlining the supply chain and collections. All of which is great news for CFOs and …

By Patrick Bermingham A surprising number of organizations across Canada still rely on traditional payments methods and paper invoicing to pay their suppliers. As recently as 2017, cheques were the most commonly used payment method for both enterprise-scale corporations and SMBs (small to medium businesses), with 70 per cent of …

By Edgar Barbosa Businesses that are looking to keep up with the information demands of this transformative age need to evolve their payments capabilities. The ability to capture and consume greater volumes of more detailed data can provide companies with the leverage they need to create differentiation in the market. …

By Thomas Rex Canada has embraced the mobile revolution. With smartphone penetration at 72.1 per cent (the global average is just 32 per cent)1, it’s also one of the few countries globally to accept the three major “OEM Pay” platforms: Android Pay, Apple Pay and Samsung Pay. Offering convenience, “cool” …

By André Stoorvogel The way we pay is changing. Consumers are now using their PCs, smartphones, wearables, cars and even refrigerators to buy goods and services. The size and value of the Canadian card-not-present (CNP) market is therefore increasing as payment use cases across digital commerce (e-commerce, m-commerce, Internet of …

By Vincent Alimi Over the past several years, the emergence of new payment systems has made it considerably easier and faster for businesses and consumers to send and receive payments. Digital banking tools have made it possible to transfer funds online or through mobile banking apps directly to people you …