September 19, 2018 --After launching a new version of its website nbc.ca, National Bank is continuing to enhance its digital experience by rolling out a new transaction site for personal banking clients. After consulting with bank clients, the bank completely redesigned the site to give users a 360-degree view of their bank accounts. They can see all their accounts at once, including those held at other financial institutions. The new site also makes budget planning easier and gives a clear picture of spending, which is now presented by category.
September 18, 2018--Kofax has formed an alliance with PricewaterhouseCoopers (PwC), the multinational professional services firm, to deliver intelligent automation solutions to digitally transform organizations and thereby improve customer engagement, reduce operating costs, mitigate compliance risk and increase competitiveness, growth and profitability. PwC chose to work with Kofax as a result of its comprehensive portfolio of software products that are needed to provide intelligent automation solutions around the globe.
September 14, 2018 --National Bank and Canadian fintech leader Thinking Capital today announced a strategic partnership that will make it faster and easier for Canadian SMEs to access the capital they need to fund their day-to-day operations or to support their growth. With Thinking Capital's Lending-as-a-Service model as the foundation for the partnership, the Bank can now offer small business financing to a larger set of the addressable SME market in Canada.
TORONTO--Flexiti, one of the industry's leading private label credit card providers for retailers, announced today that Kal Tire, Canada's largest independent tire dealer will implement its platform in over 200 retail locations across Canada. "Kal Tire is committed to forging strategic partnerships that improve the customer experience in our retail locations," said Greg Waring, vice president retail marketing, Kal Tire. "Providing payment options that cater to individual preferences is critical, and we are excited to partner with Flexiti to offer a payment solution that is fast and easy for our customers to obtain and use."
September 5, 2018--Afinis is a membership-based standards organization that brings together diverse collaborators – through innovative and agile processes – to develop implementable, interoperable and portable standards across operating environments and platforms. Afinis furthers the work of NACHA's Payments Innovation Alliance Application Programming Interface (API) Standardization Industry Group (ASIG) to now advance API standardization efforts across the financial services ecosystem through formal governance, and includes the work of Interactive Financial eXchange Forum (IFX). Afinis provides a community for thought leadership on the shared goals of expanding efficiency, surety, safety and interoperability within the financial services industry.
August 24, 2018--NetCents Technology Inc.will be launching a branded cryptocurrency credit card to the Canadian and European markets. The NetCents card will be able to be used anywhere, at over 40 million merchants1 worldwide, that Visa or Mastercard are accepted. Unlike other prepaid cryptocurrency cards in the market, NetCents cardholders will not have to pre-load cryptocurrency onto their card, eliminating the risk of the value of the cryptocurrency fluctuating between the time the user loads it and the time they spend it. The NetCents Card will be tied directly into users' NetCents wallets, allowing cardholders to directly spend the cryptocurrency in their wallet.
August 21, 2018--The U.S.-based Electronic Transactions Association (ETA) is expanding its presence in Canada to help drive innovation in the global market for payments technology services. The Canadian advocacy and policy initiatives are guided by a committee of ETA member companies, which includes: Moneris, First Data, Worldpay, Pivotal Payments, Paysafe, Square, and Blake, Cassels & Graydon.
August 15, 2018--STACK has added three C-suite executives along with senior leaders in finance and digital marketing to spearhead the brand's leadership, vision and expertise, as the financial services disruptor readies for the national launch of their fresh alternative to traditional banking. Fee-free and straight from a client's mobile or STACK Prepaid Mastercard, STACK calls itself "a smarter way to spend, save and share your money."
August 10, 2018--eBuyNow eCommerce Ltd, a Canadian global sales, R&D, marketing and branding company with seven years of deep experience in developing a full range of Internet Of Things (IoT) connected consumer electronics products, is planning an IPO, the firm announced. The company is currently generating sales direct to online consumers in 29 countries, 19 global marketplaces and has distribution partnerships with bricks and mortar retailers in 24 countries. In Q3 eBuyNow will ship the first 8 connected products of 30 currently finishing development under the Kodak and Motorola brands.
August 10, 2018--Today, the Federal Government of Canada announced that it has helped secure new, separate and voluntary commitments from three payment card networks that will lead to lower costs for small-and-medium-sized businesses - action that is supported by the Small Business Matters (SBM) Coalition. "We're pleased to see the Federal Government continuing to take action in reducing credit cards fees for small and medium-sized businesses," said Gary Sands, chair of the Small Business Matters Coalition and senior vice-president, Canadian Federation of Independent Grocers. "This is a step in the right direction, although more work is needed to continue to support and foster Canada's independent business landscape. We look forward to continuing to work with the Government to even further reduce the effects of credit card fees on the member companies of the SBM Coalition."
August 10, 2018---After a decade of advocacy work on credit card processing fees, the Canadian Federation of Independent Business (CFIB) welcomes the new agreements between the federal government and major payments brands announced today. Starting in 2020, Visa and Mastercard have vowed to reduce the fees they charge retailers to an average annual effective rate of 1.4 per cent from the current 1.5 per cent. American Express announced a separate agreement to increase transparency and fairness.
August 9, 2018---Equifax Canada today announced that it has extended a long-standing partnership with FICO to distribute FICO Scores to lenders and other businesses in Canada. Building on a partnership of nearly 30 years, the agreement renews a commitment that the two firms will continue working together to develop new innovative analytic solutions for the Canadian market.
August 8, 2018--Everything in the retail, service, sharing economy and hospitality business is about creating an exceptional customer experience. Yet, according to a new study released today by Payments Canada, friction at the end of the path to purchase in store and online is causing 53 per cent of Canadians to abandon a purchase. "The high abandonment rates at check-out suggest there is a high cost of not integrating faster, more convenient payment technologies. Canadian consumers are speaking with their wallets, indicating that they will not buy from those businesses that don't make the payment experience easy," said Gerry Gaetz, President and CEO of Payments Canada.
August 8, 2018--OpenTable, the world's leading provider of online restaurant reservations and part of Booking Holdings, Inc. announced the global rollout of Seating Options, a feature that allows diners to reserve a seat at the bar, counter, a table outside and more during the reservation process. Not only does the feature give diners the freedom to choose where they want to sit at the restaurant, even before they arrive, but it also increases restaurant availability during peak dining times.
June 25, 2018--No more false promises or false starts, that's the promise to the market from a Toronto-based start-up called Koho. The firm describes itself as fintech for millennials and is taking North American banking to task. Woke to a current system of archaic products and fees, Koho has delivered a fundamentally un-bank-like statement that is challenging conventional financial services and advertising to its core.
July 23, 2018 --Canadian spending has begun to flatten according to the MonerisMetrics Quarterly Report released by Moneris Solutions Corporation, Canada's largest processor of debit and credit payments. In total, year-over-year spending in the second quarter of 2018 increased by only 3.3 per cent – marking the lowest quarterly growth in nearly four years.
July 5, 2018--Glance Technologies Inc. to welcome four new Vancouver locations to the Glance Pay network with the trial signing of Glance Pay at the Steamworks Group of Companies. Glance Pay users currently use the app for payments and rewards at Rogue Kitchen & Wetbar Convention Centre and Gastown locations, with the additional Rogue location on West Broadway and their sister location, Steamworks Brewpub.
July 5, 2018--With safety, trust and convenience emerging as important factors, the adoption of digital wallets and contactless card-based payments by retailers in developing countries across Asia-Pacific is likely to rise further and become a standard, says leading data and analytics company GlobalData.
June 26, 2018--CellPoint Mobile, a leading global provider of sales and payment-side technology solutions for the airline and travel sectors, announced today the launch of Voyage, a complete booking solution designed specifically for travel merchants to increase revenues in the direct channel.
June 26, 2018--UnionPay International has partnered with Bank of China (Canada) in enabling all the stores of Foodymart in Canada to accept UnionPay QR code payment. Cai Jianbo, CEO of UnionPay International, Li Aihua, President of Bank of China (Canada), and Wei Chengyi, Chairman of Foodymart attended the launching ceremony. Some food and beverage merchants in California, the US, have recently started accepting UnionPay QR code payment too. This is the first time that UnionPay's QR code payment is launched in Canada and the United States. It is expected that the number of merchants accepting UnionPay QR code payment in North America will reach 5,000 within this year.
June 26, 2018 --We've all been there. You open your wallet and your credit card isn't where it should be. You mentally retrace your steps wondering if you left it in your car, the last store you visited, or if your toddler has "borrowed" it and left it in the toy box. RBC has introduced a new functionality through the RBC Mobile app to help clients who have misplaced their credit cards, without going through the hassle of ordering a new one.
June 25, 2018--National Bank is proud to announce that its SME clients can now use National Bank Easy Pay, a mobile point-of-sale solution powered by Montreal fintech Mobeewave. By collaborating with its long-standing partner, Global Payments, the Bank is the first Canadian financial institution to offer this innovative solution to its SME clients.
June 22, 2018--Shift4 Payments, a secure payment processing solution, and Posera Ltd., the provider of software solutions for the hospitality industry, have expanded their EMV-certified integration to include a full merchant services offering. This integrated payment solution now provides Posera customers with everything they need to process fast, reliable and secure payments, all for the lowest total cost.
June 21, 2018--GoverMedia Plus Canada Corp.'s wholly owned subsidiary, GoverMedia Plus LLC has finalized the development and integration of a state of the art cryptocurrency payment processing technology within GoverMedia's ecosystem. The processing technology is expected to be ready to market within the next few weeks.
June 18, 2018 --Financial technology company FundThrough announced today that it has secured $9 million in equity funding and a new $25 million credit facility. The Series A equity round is led by David Mirvish and ScaleUP Ventures, with participation from several successful entrepreneurs intimate with the cash flow hurdles that FundThrough is solving. This latest equity round brings FundThrough’s total equity financing to $15.4 million.
June 4, 2018--Leading global payments provider, Paysafe, today announces the global launch of its latest alternative payment solution - ‘Paysafecash’. The pioneering and ultra-safe online cash payment option has been designed to cater for the sizeable number of online shoppers around the world who still prefer to pay by cash. Recent data indicates that despite the enthusiastic uptake of electronic payments by many, numerous online shoppers are growing increasingly concerned that online shopping all too frequently results in financial fraud and data breaches.
May 31, 2018--PUDO Inc. North America's first carrier-neutral pick-up drop-off network, is pleased to announce that, for online retailers drowning in unsustainable variable costs tied to disproportionately high returns of online purchases (Thirty percent of all online purchases, on average according to a UPS survey), the fixed cost-of-goods-sold solution offered through PUDO's suite of member services, can return profits and predictability.
May 30, 2018--Today, the Canadian Bankers Association launched a white paper that reveals how digital ID could become a reality in Canada. The study demonstrates that a federated digital ID model would significantly enhance the protection of personal data and enable Canadians to verify who they are safely, quickly and securely, while maintaining privacy by only revealing the information necessary for any transaction.
May 30, 2018 --OpenText, the global leader in Enterprise Information Management (EIM), today announced that Opel Automobile GmbH (Opel) has selected OpenText to digitize the organization's payment management processes, streamlining the information flow and payment processes between Opel and its global supply chain—including suppliers, dealerships, and financial institutions.
May 24, 2018--Vanilla Prepaid, the perfect gift for any occasion, has announced the sponsorship of eight Canadian high-performance athletes through a partnership with C3, the Canadian Cross-Training Club. The non-profit organization, located in Caledon, ON, provides opportunities for individuals of all athletic abilities to achieve improved health and personal fitness objectives.
May 22, 2018 --The Canadian Prepaid Providers Organization (CPPO) released its annual benchmark study, entitled Canadian Open-Loop Prepaid Market: 2017, revealing CAD$3.8 billion in total dollars loaded onto open-loop prepaid cards. In addition, there were significant increases to average loads per card in all 17 categories of corporate-, consumer- and government-funded cards. The open-loop market has achieved consecutive growth over the past three years, with a 27 percent increase between 2015 and 2017. The study was conducted by Mercator Advisory Group.
May 18, 2018--BMO and Air Miles have adjusted the reward program on their most popular Mastercard with no annual fee to allow cardholders to get rewards faster at over a dozen participating Air Miles Partners. Both new and existing cardholders will now get 2x the Miles at participating Air Miles Partners - that's 2 Miles for every $20 they spend on their BMO Air Miles Mastercard at participating partner retailers across Canada including Sobeys, IGA, Shell, Rexall, Jean Coutu, Safeway, and Lawtons.
May 14, 2018--Payments Canada, the Bank of Canada, TMX Group and Accenture have demonstrated that the instantaneous clearing and settlement of securities on-ledger is feasible, showing for the first time that both central bank cash and assets can be tokenized to complete an instant, end-to-end equity settlement on distributed ledger technology (DLT). Project Jasper is a collaborative research initiative between Payments Canada, the Bank of Canada and TMX group to experiment with an integrated securities and payment settlement platform based on DLT. Jasper III, a continuation of previous work launched in March 2016, is a proof of concept that was delivered by Accenture, leveraging R3's Corda DLT platform. It explores the impact and potential benefits of DLT on broader Canadian financial market infrastructure.
May 11, 2019--Boston Pizza, Canada's largest casual dining restaurant chain, is adding MyRestaurant mobile payment functionality from MyCheck into its MyBP loyalty program app at select locations within the Greater Toronto Area, as part of a pilot. The enhanced pay-at-table experience will enable Guests to check-in with the MyBP app, redeem personalized rewards that are synchronized with each restaurant's point-of-sale system (POS), review their bill, split a bill, and pay a bill using Apple Pay or traditional credit cards.
May 11, 2018--Cadillac Fairview we believe in building and maintaining shopper loyalty through the delivery of uniquely tailored services and experiences, created as a direct result of feedback and insights. Following months of research and analysis, CF revealed the development and launch of the company's symbiotic approach to loyalty, one that recognizes and rewards shoppers while helping build stronger relationships with the developer's clients. For CF, it menas loyalty will be constantly evolving, aiming to solve the future needs of shoppers. To validate the insights gained by this research, CF launched Loyalty experience pilots to test and trial the new approach.
May 10, 2018--Visa and PayPal extended their strategic partnership to Canada that will see them work collaboratively to accelerate the adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants in Canada. The two companies are already collaborating in the U.S., Asia Pacific and Europe. This latest step brings the benefits of the partnership to Canadian consumers and businesses.
May 8, 2018 --Visa is expanding Visa Direct – a real-time push payments platform that allows companies to leverage Visa's global network to transform domestic and cross-border payments to businesses and consumers, in Canada. Peoples Payment Solutions, in working with TELUS Health and Payment Solutions, will be among the first companies in Canada to leverage the business-to-business (B2B) and business-to-consumer (B2C) solution to better serve their customers with quick, simple and secure payments.
May 7, 2018--Generation Z (18 to 24 years old) are spending more time in physical retail stores but the reasons why may surprise you. Beyond the traditional focus on shopping for their favourite products, this generation is using the retail experience to socialize, interact, and be entertained, according to PwC Canada's Canadian Consumer Insights: Retail Evolution Report.
April 6, 2018--Canada's banking industry is facing increased competition from financial technology firms and weakening demand for mortgages and other consumer debt as interest rates continue to rise. Despite these challenges, pre-tax profits in Canada's banking sector continue to trend upward and are expected to climb to over $95 billion this year, according to The Conference Board of Canada's latest Canadian Industrial Outlook: Banking.
April 4, 2018--Class action lawsuits were brought in British Columbia, Alberta, Ontario, Saskatchewan and Québec against Visa, Mastercard and a number of banks that issue their credit cards on behalf of all merchants in Canada who accept those credit cards. The lawsuits allege a conspiracy in setting higher interchange fees paid by merchants to accept Visa and Mastercard credit cards, and other restrictions. The allegations are denied.
March 15, 2018--Small businesses in Canada are ready for more payment options, according to a new Payments Canada survey. Businesses want more choice for their customers at point-of-sale and more options for their back-office payments to suppliers and vendors, such as e-transfers, e-wallets and digital currencies. Most importantly, small businesses want their payments to be safe and secure.
March 15, 2018-- TruRating, a technology company specializing in point-of-payment customer feedback solutions for online and brick-and-mortar businesses, announced today a partnership with Poynt, the maker of the world’s first smart terminal. TruRating will join Poynt’s Apps Marketplace, where merchants can select innovative solutions that enhance business operations beyond payments.
March 13, 2018---NetCents Technology Inc is working with Loyalty & Co., a Toronto based advisory firm to launch a new and innovative loyalty program for NetCents. The launch of the loyalty rewards program ties into the Company's imminent merchant release. With the integration of the first round of merchants nearing completion, the loyalty program will be used to reward consumers for activation, activity, and referrals in the NetCents platform and incentivize merchants for participating in the system.
March 12, 2018 --The Canadian Federation of Independent Business (CFIB) and Chase Merchant Services (Chase) announced today they have reached an agreement to further support Canadian small business. CFIB members will benefit from exclusive rates on American Express (Amex) transactions.
March 7, 2018 --With more than 9 in 10 Canadian Millennials owning a smartphone, this generation may be the most smartphone--savvy, but that doesn't mean they are doing everything they can to minimize their fraud risk when it comes to their mobile devices.
February 28, 2018--NACHA, The Electronic Payments Association and the Interactive Financial eXchange (IFX) Forum today jointly announced their intention to pursue a strategic combination of their organizations to accelerate and strengthen the development of standardized Application Programming Interfaces (APIs) in support of the diverse global financial services industry.
February 27, 2018--Ingenico Group, the global leader in seamless payment, today launched Axium, its next-generation point-of-sale platform designed with acquirers’ clients in mind. It gives access to a complete cloud ecosystem for commerce, which builds on the open Android and Ingenico's Telium Tetra operating systems to converge business and payment.
February 22, 2018---The popularity of the Interac e-Transfer service continues to grow dramatically, as consumers and businesses used the platform in record numbers in 2017, making more than 241 million transactions, worth a total of more than $92 billion. Data released today by Interac Corp. show this is a 52-per-cent increase in volume and a 44-per-cent increase in total value over last year’s figures. Interac Corp. says three-quarters of people using online banking in Canada are registered to use its Interac e-Transfer service, with 7.4 million unique active users every month.
February 22, 2018---Shakepay, a Montreal-based fintech startup connecting users with their digital money, today announced the beta launch of its latest platform, a multi-currency, peer-to-peer mobile wallet that allows Canadians to buy and sell Bitcoin and other cryptocurrencies. Shakepay users can now purchase Bitcoin directly from their phones with just one click.
February 22, 2018--Walmart Canada and Sustainable Produce Urban Delivery (SPUD) have an agreement to offer SPUD's food delivery platform, Food-X Urban Delivery Inc. (Food-X), to Walmart.ca customers in Metro Vancouver. Food-X helps Walmart fulfill last mile home delivery and — through shared warehousing and consolidation of orders — reduces waste, truck trips and greenhouse gas (GHG) emissions.
February 22, 2018--Fit Pay, Inc., a wholly owned subsidiary of NXT-ID, Inc. is now accepting pre-orders for Flip, a new contactless payment device that will enable cryptocurrency holders to use the value of their currency to make purchases at millions of retail locations. The new device, which was announced earlier this month, uses value exchanged from cryptocurrency to make traditional payment transactions.
February 20, 2018---EmployeeAssist Inc. launched PayTickr Time Tracking with Payroll SaaS software, including direct deposit ePayment integration with partner Telpay, out of Winnipeg, Canada. PayTickr is a solution for business with mobile workforces who are frustrated with manually tracking hours, incorrect payroll calculations, or hate their complex, expensive software.
February 6, 2018--The way Canadian businesses process payments costs them $2.9 to $6.5 billion annually, according to a new study by Payments Canada and Ernst and Young LLP (EY Canada). According to the report, delays in payments processing and a lack of data and transparency in payment messaging create a number of inefficiencies for small, medium and large enterprises.
February 5, 2018--Interac Association and Acxsys Corporation announced that they have completed a reorganization of their corporate structure resulting in an amalgamated entity called Interac Corp. Operating as a single corporate entity will give Interac Corp. the ability to better fund innovation and leverage resources, while at the same time reducing certain business, operating and legal complexities.
January 29, 2018--The emergence of Fintech startups and voice-powered artificial intelligence (AI) have altered people's expectations for banking. As a result, financial services organizations will leverage advancements in security and predictive technology as a means to improve their efficiency, agility and ultimately deliver a better customer experience, particularly beneficial for smaller and mid-size banks looking to transform how they go to market, according to a new set of predictions from experts at Unisys Corporation.
January 28, 2018--As Canada marks its 10th annual Data Privacy Day, Environics Analytics (EA), this country’s leading analytical and marketing services provider, believes this is an ideal time for all organizations to review their data governance practices. Strong privacy policies are expected by the public and benefit organizations too. Making it safe and easy for individuals to provide their information to marketers will result in better marketing—and improve people’s lives. And yet there is still more to do to ensure that data and analytics work being done by companies is based on the highest standards of data governance and that these practices are clear, accessible and transparent.
January 24, 2018 -- Ingenico Group today announced that Small World Financial Services has selected Ingenico as its trusted payment processing partner to help expand its global footprint. By leveraging Ingenico’s comprehensive suite of online and mobile payment processing technology, Small World is well-positioned to further grow its operations and offer its services to consumers in previously untapped markets. In addition, Ingenico’s omnichannel solutions, such as biometric terminals and unattended Kiosk solutions, will provide an even more convenient and seamless payments experience for Small World’s customers.
January 23, 2018 -- NetCents Technology Inc. is pleased to announce that the integration into the Poynt Smart Terminals has been completed and beta testing will be finalized over the next week. As of February 1, 2018, the NetCents Technology platform will be available to all Poynt Terminal retail merchants.
January 19, 2018 -- TransferWise has announced a partnership with Flinks, a FinTech startup from Montreal. Flinks is the only financial data aggregator dedicated to the Canadian market. As a partner application programming interface (API), it syncs financial apps with customers’ banks to verify account information, transactions, and balances in real-time.
January 16, 2018 -- First Global Data is very pleased to announce that it has entered into a Definitive Agreement with China Smartpay to deliver cross border payment solutions for Chinese vacation travelers and students studying overseas.
January 15, 2018 -- Today, Graft, a global, open sourced, payment gateway blockchain network designed for point-of-sale, announced that it would launch an Initial Coin Offering, or ICO, program to raise funds for the growth of its groundbreaking blockchain-based payments business. The ICO is scheduled to begin on January 18, 2018.
January 15, 2018--Moneris Solutions Corporation, Canada's largest processor of debit and credit payments, has joined with Kount to advance their online fraud protection platform that assesses customer transactions in real time. The Moneris Kount partnership will allow large businesses using the Moneris Gateway to reduce fraud exposure and chargeback risks from online and in-app transactions. Card-not-present (CNP) transactions are the highest risk for fraudulent payments that affect businesses today – specifically those that do mail order, telephone order or ecommerce transactions. Since Canada's shift to chip and PIN card transactions in 2011, CNP fraud has increased by 130 per cent.
January 15, 2018--After recording its strongest peak season in recent history, Purolator is already seeing high volumes of shipping activity continue into January. This increase in shipping volume over the holidays saw Purolator deliver over 12 million packages during its peak shipping period, in line with its projections. In its Retail locations, Purolator experienced a 24 percent increase in shipment and pickup activity during the same time period.
January 10, 2018 -- A new Visa survey of 1,000 Canadians exploring awareness and perceptions of biometric authentication confirms that consumers continue to have a strong interest in new biometric technologies that make their lives easier. New forms of authentication, such as fingerprint, facial, and voice recognition, can make unlocking accounts and payments much easier and more convenient than traditional passwords or PINs---which are difficult to type onto tiny keyboards, easy to forget, and can be stolen.
January 10, 2018 -- CGI has released a new report, Today's Financial Consumer: Open for Business, covering the results of its 2017 Global Financial Consumer Survey. Now in its fourth year, the survey assesses and provides insights into how consumers view their primary financial service providers, along with what consumers want and expect from their providers in the future. This year's survey includes the views of 2,250 respondents across nine countries.
January 4, 2018 -- Glance Technologies Inc. is proud to announce another milestone: since Glance launched the current version of its proprietary fraud prevention technology more than one year ago, its platform has experienced zero fraud across all of its live locations and all Glance Pay Anywhere remote payments. Glance intends to apply elements of its fraud prevention technology to its upcoming rewards and loyalty based cryptocurrency platform.
January 3, 2018 -- Mogo Finance Technology Inc. today announced that it plans to bring a new level of convenience and transparency to bitcoin ownership for all Canadians. With the planned launch of MogoCrypto in the first quarter of 2018, MogoMembers will be able to easily buy and sell bitcoin through their MogoAccount.
January 2, 2018 -- Telpay Incorporated announced a new venture and a new partner, whose services are designed to add value to customers of its all-in-one electronic payment system, Telpay for Business.The new venture, TelpayFX Inc., includes a new partnership with AFEX, one of the world's largest international payments providers. The global currency exchange provider for Telpay for Business customers, TelpayFX Inc. enables Canadian businesses to process currency conversions at ultra-competitive exchange rates. It also enables the purchase of "forwards", which can be used to minimize the impact of currency uctuations for up to 12 months.