The Merchant's Guide to Transactions, Cards & eCommerce
News Bites
NetCents exceeds projected monthly processing
December 7, 2016
2nd annual Canadian FinTech Awards Dinner sells out
November 8, 2016
D+H to present on real-time payments at Sibos 2016
September 28, 2016
Tempo Money Transfer enters Canadian market
September 23, 2016
Aspire Financial Technologies forms four data partnerships for gateway platform
September 7, 2016
Co-branded credit cards take top billing in 2016 MoneySense annual rankings
August 25, 2016
Manulife to drive efficiencies in investment research in unstructured financial data
August 25, 2016
Nordstrom expands rewards program, adds 1.7 million new members
August 16, 2016
President's Choice Financial offers digital payment via Apple Pay
August 11, 2016
Videotron offers customers new mobile payment option
July 18, 2016
Creditron wins new payments contract
June 29, 2016
Mia Huntington to head Elavon’s Canadian organization
June 13, 2016
Where Pass London creates first 3-in-1 Visa debit card combining travel, attractions, spending money
June 13, 2016
Posera completes sale of Zomaron
May 2, 2016
Rack up the rewards: Canadians are loyal to loyalty rewards programs
April 28, 2016

TIO Networks closes acquisition of Softgate Systems
April 25, 2016

Peoples Trust expands Canadian prepaid issuing services to SVM
April 19, 2016
ACT Canada releases 2016 Cardware conference agenda
April 6, 2016
RDM releases new cheque scanning unit
March 21, 2016

Ackroo to raise $2 million to finance growth, tech
March 17, 2016

Connect First Credit Union AGM is setting for contactless payments with Everlink Debitwear
March 17, 2016
Vexilor POS integrates with Xero to bring actionable insights to small businesses
March 15, 2016
AribaPay coming to Canada
March 14, 2016
Helcim brings POS innovation to developers with hybrid EMV terminal
March 14, 2016
Lightspeed eCom now available in North America
March 9, 2016
Online shopping: luxury brands at a fraction of the cost on
March 9, 2016

Ascentium Capital launches merchant finance division
March 9, 2016

Canada Revenue Agency accepting Visa Debit for payments made online
March 7, 2016
Sappi North America reveals new paper gift cards
February 24, 2016
Hitting the gym just got easier: American Express Canada works out new partnership with GoodLife Fitness
February 22, 2016
Fujitsu launches new secure 2 in 1 device for ID
February 9, 2016
The Cass-patented BYOD payment solution expands globally
February 9, 2016
Saxo Payments set to launch industry white paper at Money2020 Europe
February 8, 2016

Sun City Group goes live on VersaPay's accounts receivable automation platform
February 2, 2016

Mogo announces management promotions in credit and operations
February 1, 2016

MBNA, CUETS Financial credit cards to join UGO Wallet
February 1, 2016

BillPro adds global payment products for merchants
January 27, 2016

Past News

 Industry Events

News In Depth

Basware predicts 2017 will be the year of collaboration, data-driven analytics for business finance

December 20, 2016 -- Basware, the global leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, predicts that the growing emphasis on analytics will drive internal collaboration across Procurement, Finance and Treasury functions, as well as externally through B2B networks. In addition, the industry will focus on the customer experience and incorporating Artificial Intelligence (AI) capabilities into solutions to help organizations derive more value from their data.

Desjardins named Best In Class for their customer experience

December 20, 2016 -- Of all credit card issuers in Canada, Desjardins has come out on top for the quality of its customer experience. This, from the latest report by Forrester Research, a world-renowned research firm.

Wyre launches fastest blockchain cross-border payments platform with most competitive FX rates for international money transfer

December 15, 2016 -- Wyre, a San Francisco FinTech company making cross-border payments faster and more cost effective using the blockchain, today launched its cross-border payments platform also called Wyre. Wyre is the industry’s fastest money transfer platform, enabling businesses to move money across borders from country-to-country at a super competitive foreign exchange rate. Wyre also announced its $5.8 million in Series A funding led by Chinese venture firm Amphora Capital with participation from two of the largest payments companies in China 9fBank and, along with Digital Currency Group, Draper Associates and other prominent Silicon Valley angel investors. At launch, Wyre’s platform is available in the United States and China; the Series A round will help the company quickly expand to Europe and Latin America.

Basware receives highest score for adaptability in PayStream's 2016 Procure-to-Pay Navigator report

December 12, 2016 -- Basware, the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services, has received the highest score for Adaptability in the 2016 Procure-to-Pay Navigator report by PayStream Advisors* (a Levvel Company). In the report “adaptability” is evaluated in the basis of provider experience and resources, and Basware scored highest on the Adaptability measure over any vendor that participated.

FinTech startup Symend Inc. closes one-million-dollar seed round

December 8, 2016 -- New Canadian FinTech company, Symend Inc. (Symend), is pleased to announce the closing of their first round of investment after raising $1 Million in capital. The funding was raised largely by the founding partners alongside angel investors. It is the biggest raise of its kind for FinTech in Western Canada from angels in 2016.

Changes to Canada's payments systems will create faster, more flexible and secure ways to pay

December 8, 2016 -- Payments Canada today released far-reaching plans to change the payments infrastructure and rules that underpin financial transactions in Canada. These improvements will create a platform for innovation, enabling new and exciting ways for Canadians to pay for goods and services, transfer money and exchange data about their payments. Supporting innovation at the customer level will be a faster, more flexible and secure payments infrastructure that puts Canada at the leading edge of payments.

Visa to acquire CardinalCommerce to secure and accelerate digital commerce

December 1, 2016 -- Visa today announced an agreement to acquire CardinalCommerce, an industry leader in e-commerce payment authentication. The acquisition will enable more secure, seamless payments, whether made through a browser, mobile app, or connected device, and will help Visa’s clients and merchant partners accelerate digital commerce.

Survey: 25 per cent of SMBs say consumer demand "highly influences" payment technology purchase decisions

November 30, 2016 -- ControlScan, a trusted security and compliance partner to the payments industry, and the Electronic Transactions Association (ETA), the global trade association representing the payments technology world, have released new payments research data from a joint survey examining point-of-sale (POS) technology adoption among small and mid-sized businesses (SMBs).

Sionic Mobile’s m-commerce platform now connects directly with Oracle MICROS Point-of-Sale

November 29, 2016 -- Just in time for the busy holiday travel season, Sionic Mobile today announced the integrated release of its award-winning ION Commerce Engine (ICE) with Oracle Hospitality MICROS POS solution. The integration provides a cardless, 3-digit checkout experience, enabling restaurants to quickly and securely process mobile payments, instantly reward guests and connect with millions of Mobile Rewards App users.

Basware boosts supplier collaboration with global Marketplace

November 29, 2016 -- Basware, the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services, is launching Marketplace, a global catalog management tool on the Basware Network. Marketplace facilitates stronger buyer-supplier relationships by allowing private and public sector organizations across the world to access negotiated supplier contracts, browse available products and services with a consumer-like shopping experience, and place orders directly with suppliers.

Verifone Engage goes live in Europe

November 21, 2016 -- Verifone announces the European launch of Verifone Engage with the all-in-one countertop solution, Verifone V200c, installed at Anne Rueschenschmidt, a boutique fashion retailer in Rheine in northern Germany. A key strategic milestone in building a commerce-enabled payment infrastructure in Europe, Verifone Engage family of devices are now available to small- to medium-sized businesses (SMB) across Germany through InterCard, a leading network service provider (NSP) acquired by Verifone in 2015.

Millennials dominate peak shopping days, while Baby Boomers and retirees avoid them, according to latest Vantiv ShopTalk Survey

November 21, 2016 -- It’s the most wonderful time of the year. Regardless of age, it is a time for celebration, visiting loved ones and of course, shopping. But who is going to be shopping after eating turkey on Thanksgiving and who is going to be staying at home? According to the latest Vantiv ShopTalk survey, conducted by Socratic Technologies, only one in five people (20 percent) plan to shop in stores on Thanksgiving Day, and only 31 percent on Black Friday. Millennials will be making up the biggest portion of that group, with 34 percent of Millennials saying they will shop on Thanksgiving and one out of two (51 percent) in malls and stores on Black Friday. Gen Xers are not as enthusiastic, with 29 percent planning to shop on Turkey Day and 36 percent venturing out on the day after Thanksgiving. The survey also found only 23 percent of Boomers and eight percent of Retirees plan to be in stores on Black Friday.

iovation predicts new EMV chip cards will lead to significant increase in online holiday fraud

November 18, 2016 -- iovation, the leading provider of device intelligence for authentication and fraud prevention, is predicting a significant increase in card-not-present fraud—fraudulent transactions where a credit card is not physically presented to a merchant—from Black Friday to Cyber Monday when compared to past years. iovation attributes the anticipated rise in fraud to the recent shift from consumers using traditional credit and debit cards with magnetic strips to EMV (Europay, MasterCard, and Visa) chipped cards.

Cash is king, for now--Payments Canada report

November 16, 2016--Payments Canada has released new research that reveals the changing payment behaviours of Canadian consumers and businesses. The latest Canadian Payment Methods and Trends (CPMT) shows that cash and other paper transactions, such as cheques, are still leading, but in Canada new payment channels are a growing share of the market. These trends reinforce the need for Canada to adapt its payment systems as the global payments ecosystem changes, which is what Payments Canada is doing with its Modernization Initiative.

Latest Survey: 19.5 per cent of Canadian consumers plan to buy online on Black Friday

November 15 , 2016 -- A survey conducted in early November 2016 by One Hour Translation, the world's largest online translation agency, which provides translation services to thousands of global e-commerce companies, indicates that 19.5% of Canadians consumers plan to buy online on Black Friday (November 25 th), compared to 8% who plan to do so on Cyber Monday (November 28 th).

Vantiv named a leader in global commerce payment provider report

November 15, 2016 -- Vantiv, Inc., a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced today Forrester Research, Inc., a prominent independent research and advisory firm, named Vantiv as a Leader in the Forrester WaveTM: Global Commerce Payment Providers, Q4 2016 report.

Blackbaud speeds the pace of giving with Apple Pay

November 15, 2016 -- Blackbaud, Inc., the world’s leading cloud software company powering social good, announced today it has added Apple Pay to Blackbaud Merchant Services so its nonprofit customers can offer donors an easy, secure and private option for digital checkout, just in time for holiday giving.

New e-commerce tools help small businesses fight fraud during busy holiday season

November 10, 2016 -- In preparation for one of the busiest online shopping seasons in history, CardinalCommerce ( today announced it is making eCommerce authentication available to thousands of independent retailers, entrepreneurs and emerging businesses, for the first time providing the same high-level of fraud prevention as the world’s largest Web-based storefronts.

Equifax Canada partners with MaRS Discovery District to fuel fintech innovation 

November 8, 2016 -- Fintech startups have a new ally as they work to bring new, innovative solutions to market with Equifax Canada's announcement of their partnership with MaRS Discovery District, a Toronto-based innovation hub.

Honk offers simpler, more secure way to pay with Masterpass

November 2, 2016 -- In preparation for one of the busiest online shopping seasons in history, CardinalCommerce ( today announced it is making eCommerce authentication available to thousands of independent retailers, entrepreneurs and emerging businesses, for the first time providing the same high-level of fraud prevention as the world’s largest Web-based storefronts.

YO! Sushi rolls out new restaurant technology with NCR

November 2, 2016 -- YO! Sushi, the UK’s wildly popular international Japanese fast food restaurant brand, has completed the roll out of a new restaurant technology solution with NCR Corporation, a global leader in omni-channel solutions.

Introducing American Express Installments: A new way to pay for purchases over time

November 1, 2016 -- American Express Installments launched today, giving Cardmembers the control, convenience and flexibility to use this built-in feature of their credit card to pay for their larger purchases in equal monthly installments.

nanoPay announces $10 Million in Series A funding

October 26, 2016 -- nanoPay Corporation, a secure, real-time payments platform provider, today announces completion of its $10 million in Series A funding. Participants in the financing round include the Merchant Banking Division of Goldman Sachs, APAGM Services LLC (Andrew Prozes), Jarnac Capital Management Inc. and Rohatton Inc. With this financing and the MintChip platform , which nanoPay acquired from The Royal Canadian Mint, nanoPay is actively developing new business partnerships and additional service offerings, focusing on B2B and B2C applications, to expand the global utility and acceptance of MintChip.

Basware awarded Procurement Technology of the Year by PayStream Advisors

October 26, 2016 -- Basware, a global leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, today announced that its e-procurement solutions were recognized as the Innovative Procurement Technology of the Year by research and advisory firm PayStream Advisors in its annual Innovate Awards. Basware will receive official recognition for this award at a ceremony taking place during the IOFM Accounts Payable and Procure to Pay Conference & Expo at Caesars Palace, Las Vegas, Oct. 24-26-2016.

Mastercard, BMO make fingerprint and ‘selfie’ payment technology a reality in North America

October 25, 2016 -–Mastercard began the North American rollout Identity Check Mobile, a new payment technology application that uses biometrics, including fingerprint and facial recognition, to verify a cardholder’s identity and simplify online shopping. BMO Financial Group (BMO) will be the first bank in the U.S. and Canada to offer Identity Check Mobile to its corporate customers starting in the first half of 2017.

Green P mobile pay parking rolling out fully by end of year on Toronto streets

October 24, 2016--Mayor John Tory and Toronto Parking Authority (TPA) today announced that customers can pay for on-street parking in Toronto through the Green P mobile app. The rollout begins this month and will be complete by the end of the year. Tory demonstrated the convenience of the mobile pay program by paying for his on-street parking session using the Green P app on his smartphone, without leaving the car to go to a pay and display machine.

Mobile payments awareness grows, cash use declines; consumers demand more to make the leap to mobile, Accenture survey finds

October 18, 2016 -- Sixty-three percent of consumers in Canada use cash at least weekly to make purchases at a merchant location, down five percentage points from 2015 – the most significant decline in use of traditional payment methods over the past year, according to a new report from Accenture.

SecureKey completes $27 million strategic investment round

October 18, 2016 -- SecureKey Technologies Inc., a leading provider of identity and authentication solutions, today announced that it has raised $27 million CAD in growth capital to fund the commercial rollout of a privacy-enhancing digital identity network. Teaming up with SecureKey on this initiative and participating in the funding round are leading financial institutions: BMO Bank of Montreal, Bank of Nova Scotia, CIBC, Desjardins, Royal Bank of Canada and TD.

Basware recognized as innovator in trade finance and transaction services by Global Finance

October 18, 2016 -- Basware, the global leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, today announced that Basware Advance, its supplier-initiated early payment finance solution, has been recognized by Global Finance magazine for sparking innovation in trade finance and transaction services. Basware will be honored tonight as an innovator at Global Finance’s second annual Digital Bank Conference and Awards Dinner at RSA House in London.

Sionic Mobile provides OnStar subscribers instant, exclusive savings and secure mobile checkouts

October 6, 2016 – Sionic Mobile today announced its premier Merchant Marketplace, featuring 100,000-plus retail and restaurant locations, is now part of the OnStar AtYourService marketplace inside myChevrolet, myBuick, myGMC and myCadillac mobile applications, providing millions of drivers with exclusive savings at nearby merchants. Additionally, OnStar subscribers can now complete fast, secure mobile checkouts powered by Sionic Mobile’s ION Rewards app.

MineralTree and Visa ink strategic alliance to streamline commercial AP payments

October 5, 2016 -- Today MineralTree, the Accounts Payable and Payment Automation solution provider for middle market companies, announced a strategic alliance with Visa to integrate the MineralTree platform with Visa Payables Solutions to drive the growth of Accounts Payable (AP) payments using commercial virtual cards.

FICO’s Dr. Scott Zoldi receives Analytics 50 Award

October 4, 2016 -- Drexel University’s LeBow College of Business and have named Dr. Scott Zoldi, chief analytics officer at analytic software firm FICO, one of the winners of the first Analytics 50 Awards. The awards program honors 50 executives who are using analytics at their organizations to solve business challenges.

Apple Pay now available to Desjardins members and customers

October 4, 2016 --Desjardins Group today brings Apple Pay to its members and customers, transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.

Paysafe’s Carla Erlick recognized as Rising Star in 2016 Women in Payments Awards

September 30, 2016 -- Carla Erlick, senior vice president sales and business development at payments provider Paysafe, has been named a Rising Star at this year’s Canadian Women in Payments symposium. The award recognizes talented women in payments who have demonstrated leadership, professional excellence and a commitment to motivating others to make a positive impact in the payments industry. The accolade reflected Carla’s ability to balance strategic planning and implementation while driving sales within Paysafe’s global integrated software partner channel. Carla was one of three recipients to be recognised as a 2016 Rising Star at this year’s fifth annual Women in Payments event held in Toronto on 20 September.

Merchant Advance Capital Partners With EVO Payments International

September 29, 2016 -- Merchant Advance Capital, a leading online business lender, is pleased to announce its partnership with global payments processor and acquirer EVO Payments International. The companies have joined forces to provide a technology-powered option for obtaining collateral-free financing for EVO's significant merchant base of small- to medium-sized businesses across Canada.

IOU Financial and Paysafe partner to fuel small business growth

September 28, 2016 -- IOU Financial, a progressive online lender ( has entered into a partnership with Paysafe, a leading global payments provider, to fuel the growth of small businesses in North America. The partnership, which covers the U.S. and Canada, will combine both companies’ market expertise and services to provide small businesses with capital management solutions through their respective lending and processing platforms.

ACI Worldwide and VocaLink join foces to speed up adoption of immediate payments around the world

September 28, 2016 -- ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, and VocaLink, a global payments systems company, today announced a partnership to offer a complete end-to-end immediate payments solution to launch a domestic or regional immediate payments network.

INTL FCStone Ltd’s global payments division launches financial information exchange protocol for cross-border payments platform

September 27, 2016 – INTL FCStone Inc. today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division (“GPD” or “the Company”), launched a financial information exchange (FIX) protocol, which is integrated with its proprietary FXecute global payments platform. The FIX protocol is an electronic communication method for the real-time exchange of information, and its integration with FXecute marks one of the first FIX offerings for cross-border payments in exotic currencies. The Company also disclosed today that it is in the process of deploying the enhanced payments system for its newest bank client - one of the top five largest banks in the world by total assets.

D+H rebrands financial messaging platform

September 26, 2016 -- DH Corporation ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced it has rebranded its flagship financial messaging platform as Total Messaging. Previously known as Global Messaging Plus, Total Messaging is the technology gateway for D+H's financial messaging service bureaus. D+H's financial messaging platform was originally launched in 2013 and helps banks and corporations improve performance and reduce costs while meeting the highest standards of reliability and security. Today, D+H processes over 33 million messages each month in secure data centers.

CIBC takes leadership position in foreign exchange innovation through new CIBC Smart prepaid card launch

September 26, 2016 -- CIBC today announced an innovation in prepaid foreign exchange with the new CIBC Smart™ Prepaid Travel Visa card available through CIBC, in the most popular denominations used by Canadians when they travel including U.S. dollars, Euros, Pounds and Mexican Pesos. They are the first reloadable foreign currency prepaid cards available through a major Canadian bank. Key Features of the CIBC Smart Prepaid Visa Card:

IBM and China UnionPay E-payment Research Institute share bank card bonus points amoung multiple banks using blockchain

September 23, 2016 -- At the Shanghai International Blockchain Week 2016, IBM and China UnionPay E-payment Research Institute previewed the demo of a collaborative project on loyalty bonus points exchange among multiple banks using blockchain technology. With a few simple and quick steps, consumers will be able to exchange bonus points from among any of the banks they do business with to select the rewards they want.

Mobile payment technology is accelerating the consumer shift to digital payments and away from cash

September 20, 2016 -- By 2030, cash purchases will make up only 10 per cent of money spent in Canada, according to a prediction by Moneris Solutions Corporation ("Moneris"), Canada's leading credit and debit card processor. Compared to 35 per cent of overall transactions in 2014[1], the 70 per cent decline will coincide with an increase in the use of digital payment technologies, especially among younger Canadians. Consumer misconceptions about (1) the security of mobile wallets and (2) the ability of mobile wallets to digitally store physical wallet contents (including plastic loyalty cards and receipts), are among the factors slowing the transition.

EMV merchant adoption remains sluggish a year later

September 20, 2016 -- The Strawhecker Group (TSG), a management consulting company focused on the global payments industry, released survey results today that estimate 44 per cent of U.S. card-accepting merchants have EMV terminals. Alternatively, 29 per cent of U.S. merchant locations are currently activated and capable of accepting chip-based transactions, less than a month away from anniversary of EMV.

NMI launches turnkey EMV chip card solution with TSYS certification

September 19, 2016 -- NMI, a payments enablement technology company, today announced that SwIPe, an EMV® chip card solution, has been certified on TSYS processing platforms. The combination of NMI’s SwIPe software and EMV software development kit (SDK), coupled with smart terminals and TSYS certification enables rapid deployment of innovative and easy-to-use chip card solutions. NMI’s Independent Sales Organization (ISO), Value-Added Reseller (VAR) and Integrated Software Vendor (ISV) customers benefit from access to industry-leading EMV chip card technologies.

KPMG launches Digital Ledger Services to help financial services companies implement blockchain technology

September 14, 2016 -- Today, KPMG in Canada announced the introduction of its Digital Ledger Services, a comprehensive suite of services designed to help financial services companies realize the potential of blockchain capabilities -- providing faster and more secure transactions, streamlining and automating back office operations, and reducing costs by utilizing blockchain-based technologies.

PayU & Citrus Pay agree to a $130M landmark deal in Indian fintech

September 14, 2016 – PayU, the global online payment service provider, today announces that Citrus Pay, a leading Indian payments technology player, will become part of its Indian operation. PayU’s $130M transaction is the largest ever M&A cash deal in Indian fintech, demonstrating its payments and financial services expansion strategy.

Vantiv launches support for Apple Pay on the web

Sepember 13, 2016 -- Vantiv, Inc., a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, today announced its support for Apple Pay on the web. Apple Pay will allow eCommerce websites to offer checkout in a single touch for customers shopping in Safari on iPhone, iPad and Mac.

Hyperwallet reduces developer implementation friction with latest release

September 8, 2016 – Hyperwallet, a leading global payouts provider to millions of independent workers, today revealed that it will showcase a number of new developer-friendly features during two presentations at the API World developer conference this month. The updated functionality will provide developers with improved integration methods and easy, one-click ‘Go Live’ access.

Aria Systems launches Aria Crescendo

September 8, 2016 – Aria Systems, the leader in helping enterprises grow subscription and usage-based revenue, today announced the general availability of Aria Crescendo, the platform that defines the new standard for cloud-based monetization for multi-dimensional customer choice. Aria Crescendo enables businesses to better serve and retain today’s ever-demanding customers, including both individual consumers and business entities, who require offerings that meet their preferences.

World's largest restaurant brand enhances digital storefront platform

September 6, 2016--SUBWAY restaurants announces the acquisition of a digital technology team and assets from Avanti Commerce, a Vancouver-based online commerce solution provider and SUBWAY restaurants partner since 2011. The 20-person team joining SUBWAY Digital from Avanti Commerce will remain and grow in Vancouver, which is a technology hub for Canada and a centralized location for technology and digital talent. As part of the SUBWAY Digital group, the new team will be dedicated to the expansion and customization of unique e-commerce and omni-channel platforms for the sandwich chain.

PayPal announces Paul Parisi will lead Canadian business

September 6, 2016--PayPal announced the appointment of Paul Parisi as the new general manager of PayPal Canada, effective today. Paul is a results-focused Canadian leader who joins PayPal with a strong record of more than 17 years in the payments industry.

Ackroo releases merchant branded white labeled mobile application for consumers

August 29, 2016--Ackroo Inc, a gift card, loyalty and rewards technology and services provider, announced enhancements to Ackroo Anywhere, their market leading gift card, loyalty and rewards platform. The enhancements focus on the customer experience allowing merchants to deploy their own branded native mobile application for their customers.

Ipsos awards top honours for financial services excellence in Canada

August 25, 2016–Ipsos is pleased to announce the winners of its 2016 Best Banking Awards, an annual program that recognizes Canadian financial institutions for excellence in customer experience. The overall Customer Service Excellence award for 2016 among all financial institutions in the retail banking sector goes to Canada’s Credit Unions, an aggregate of individual Credit Unions across the country. This is the twelfth consecutive year that Canada’s Credit Unions have received the award, and this year they also matched last year’s record high of nine awards received. Tangerine achieved six awards this year, similar to 2015, including three solo wins, while Desjardins was a recipient of three awards.

Everlink, Thinking Capital collaborate on small business lending solution for credit unions, banks

August 24, 2016--Everlink Payment Services Inc., a leading provider of comprehensive payment solutions and services to credit unions and banks in Canada, and Thinking Capital, the dominant alternative lending platform provider, have developed an integrated offering that allows credit unions and banks to quickly and cost effectively offer online lending to their members and customers.

New firm's initial commercial product will be the world's first blockchain-based e-commerce platform

August 23, 2016---Blockchain Foundry Inc. has been launched as a developer of blockchain solutions for businesses and individual consumers. The Company provides blockchain solutions using several of the most developed and robust blockchain technologies, with plans for its product offerings to be interoperable between these different blockchain technologies. A key focus in Blockchain Foundry's products will be to provide end users with the benefits of blockchain technology without requiring them to understand or know that blockchain technology is powering their experience.

ACI Worldwide integrates Ethoca Alerts into global e-commerce payments gateway

August 16, 2016 -- ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced an integration agreement with Ethoca, a leading provider of collaboration-based technology solutions for card issuers and online merchants. ACI will integrate Ethoca’s flagship service, Ethoca Alerts, into its UP eCommerce Payments solution, making it available to payment service providers (PSPs) worldwide, and by extension, to thousands of leading online merchants globally. The integration of Ethoca Alerts gives PSPs, acquirers, processors and their merchant customers a powerful way to bolster their fraud defenses with card issuer-confirmed fraud and customer dispute data, while ensuring continued revenue growth.

UnionPay Mobile QuickPass debuts in North America

August 16, 2016---UnionPay International says a number of daily-spending merchants in Canada start to accept UnionPay mobile QuickPass, which marks the debut of this innovative service in North America. Previously, UnionPay mobile QuickPass has been accepted at over 220,000 POS terminals in Hong Kong, Macau, Taiwan, South Korea, Singapore and Australia.

Moneris expands services to bring currency conversion solution to Canadian businesses

August 11, 2016--Moneris Solutions Corporation, one of North America's leading credit and debit card processors, is rolling out its Dynamic Currency Conversion (DCC) to its offerings for Canadian businesses. Now when an international customer uses their foreign Visa or MasterCard in a terminal, they'll immediately see the cost of the purchase in their own currency and have the option to pay for it in that currency or in Canadian dollars.

Tranzlogic expands with new products designed for business growth

August 8, 2016 -- Tranzlogic has announced the expansion of its powerful suite of solutions that give its users the ability to make data-driven decisions in order to better market, grow, and expand their businesses.

Firma helps small businesses compete on a global stage

August 3, 2016 -- As the world's economic landscape continues to evolve, the importance of international markets to small to medium-sized businesses increases, and with that, so does the importance of currency planning. FIRMA Foreign Exchange Ltd. (Firma), a highly specialized currency and payments solutions provider to small businesses, can help small businesses plan ahead and stay ahead.

Vantiv launches channel-focused business advisory services

August 2, 2016 -- Vantiv, Inc., a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced today the formation of a new channel-focused business advisory service – PaymentsEdge – that will assist partners in every channel, from financial institutions to independent software vendors. The new group is part of Vantiv’s Xcelerator Solutions, which are designed to optimize partner portfolio revenue growth and attract new customers.

Deloitte announces acquisition of Paahi Solutions, a 'major player' in managed security services integrity

August 2, 2016 -- Deloitte announced today that it has acquired Integrity-Paahi Solutions Inc. (IPS), a leading information services security provider based in Vancouver. IPS was recently recognized by International Data Corporation (IDC) as a 'major player' in the managed security services market in Canada.

Moneris delivers new tools, resources for developers

July 22, 2016--Moneris Solutions, one of North America's leading credit and debit card processors, introduced new and improved resources for eCommerce and mobile application developers seeking payment integration tools. The Moneris Developer Portal provides easy access to information and tools businesses need to add payment capabilities to their applications.

suretap Wallet to close down at end of August

July 18, 2016--Rogers and its partners are shuttering their attempted entry into the digital wallet space. The suretap wallet was introduced in 2015 to allow Canadians to carry more of the cards they use without having to physically carry more plastic. Suretap allowed the digitization of these cards in a single app for smartphone customers within Canada’s largest mobile carriers. It introduced customers a way to store and use payment cards, gift cards, loyalty & membership cards.

Mastercard removes digital payment barriers across devices, channels with release of Masterpass

July 14, 2016--In an important industry milestone, Mastercard unveiled what they are calling the foundation for the future of commerce with the new Masterpass global digital payment service.This enhanced solution enables consumers to look no further than their own trusted bank or credit union to make fast, simple and secure digital payments – across devices and channels – anywhere they want to shop be it online, in app and now in-store with contactless. Mastercard is the first network to deliver an omni-channel, all-digital payment service for consumers, issuers and merchants leveraging the most advanced methods of payment security available today.

Postal union: Big banks can lobby all they want but postal banking is still on the table

July 14, 2016--While pay equity and pensions have grabbed headlines during the current round of bargaining with Canada Post, postal workers say there are other matters on the table, including bringing back postal banking, an idea which has just been rejected by the big bank lobby.

Canadian shoppers most trusted online retail brands named across 12 categories

July 12, 2016 -- Leading market research firm BrandSpark International today announced the 2016 BrandSpark Most Trusted Awards winners for Canadian Online Retail. The results were based on the annual BrandSpark Canadian Shopper Study.

Hyperwallet expands developer toolkit with new API functionality and SDKs

July 7, 2016 – Hyperwallet, a top global payouts provider to the new economy, revealed today that its REST payout API have moved from public beta to full public availability. The announcement coincides with the launch of new Hyperwallet developer features, including software development kits (SDKs), additional API calls, and a bolstered self-serve developer portal. Hyperwallet has indicated that these new tools are intended to further expand API functionality and streamline the development process.

Fintech and Blockchain World Expo announces event expansion

July 7, 2016 -- Decentral is excited to announce its newly expanded Fintech and Blockchain World Expo. In order to acknowledge rising interest in fintech and the growing relevance of blockchain technology, the event has doubled its space and broadened its scope to encourage dialogue between two distinct but related industries. With Title Sponsor, TMX Group, and Platinum Sponsor, Deloitte, the Expo will be the landmark event that focuses on advances in financial technology, and puts the spotlight on Canada as a global hub for innovation.

Basware recognized by Supply & Demand Chain Executive for helping global pharma firm transform invoice processing

July 6, 2016 – Basware, the global leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, today announced that it has received a 2016 SDCE 100 Top Supply Chain Projects Award from Supply & Demand Chain Executive for helping a multi-national pharmaceutical firm transform its invoicing process and achieve significant cost savings, efficiencies and financial visibility. The recognition will be included in the June issue of the publication.

First Data and Silicon Valley Bank expand strategic partnership

June 30, 2016 -- As technology companies mature from startups through growth-stage to global corporations they need strong partners that can support their growth and understand their rapidly evolving business needs. First (NYSE: FDC), a global leader in commerce enabling technology and solutions, has entered into a strategic agreement with Silicon (NASDAQ: SIVB), the bank of the world’s most innovative companies and their investors. First Data, which powers 28% of global eCommerce, will work with SVB to facilitate payment acceptance for the bank’s clients throughout their lifecycle.

First West Credit Union becomes first in B.C. to offer new mobile pay technology for Android smartphones

June 29, 2016 --First West Credit Union announced the launch of Mobile Pay, a new technology that makes paying for purchases even simpler. Similar to using a contactless debit card, Mobile Pay gives users the ability to make purchases using their Android smartphone at any Canadian retailer with Interac Flash capability. Notably, First West is the first financial institution in B.C. and one of four in Canada to offer Mobile Pay.

Edmonton retailers embrace digital innovation: Bricks & Clicks Topical Report

June 29, 2016--E-commerce is increasingly branded as a disruptive force for traditional bricks-and-mortar retailers. As large online retail platforms such as Amazon challenge the traditional retail business model, forward-thinking store operators may find it profitable to leverage new technology to grow their existing businesses. There are a number of key national retailers that have successfully developed and fostered an omni-channel approach to their store networks.

Pivotal Payments becomes Interac direct connector

June 28, 2016--Pivotal Payments, a leading provider of technology-driven global payment processing solutions, has achieved certification as Direct Connector to the Interac Association Inter-Member Network. With full debit authorization and settlement services, Pivotal's Interac Association membership allows it to become a single source provider for end-to-end debit card payment solutions to its partners and merchants across Canada.

Scotiabank poll reveals 'convenience' as top reason Canadians use online, mobile payments, banking

June 28, 2016 ---In another sign that Canadians are adopting digital banking channels, a poll commissioned by Scotiabank reveals that the majority (85%) of Canadians are currently using online and mobile banking. What's more, two-thirds (66%) say they use online and mobile banking at least once per week and more than three quarters (79%) who use mobile and online banking say 'convenience' is the top reason for using digital banking tools.

Scotiabank appoints Shawn Rose as executive vice president, digital banking

June 23, 2016 -- Scotiabank announced today that it has appointed Silicon Valley technology leader Shawn Rose to the newly created position of Executive Vice President, Digital Banking. In this role, Shawn will create and lead an integrated global, enterprise-wide digital banking team to accelerate the transformation of the Bank's global retail banking operation, and build upon the considerable momentum Scotiabank has generated in its digital transformation over the past 12 months.

nanoPay announces the deployment of MintChip digital currency

June 21, 2016 -- nanoPay Corporation, a fully-integrated loyalty and payments platform provider, announces the first commercial deployment of MintChip, the regulator-friendly digital cash platform designed to be a safe, secure and fast way to send money and pay merchants. Beginning today, all Canadians can download and use MintChip to send and receive digital cash with friends and family for free through secure person-to-person (P2P) payments. Consumers shopping or dining at participating merchants in the Toronto’s Liberty Village neighbourhood can also pay for goods and services with MintChip. names the best overall credit card for Canadians in 2016

June 21, 2016 -- is first to name the best overall credit card for Canadians. 124 Canadian credit cards were analyzed and ranked to help consumers achieve more than 10 times the net dollar value in rewards compared to the lowest ranked cards.

Yantra Financial Technologies launches Y-Labs Marketplace, supporting the development of next-generation banking services

June 20, 2016 -- Yantra Financial Technologies, a fintech company specializing in designing, developing and managing electronic payment systems, has launched the Y-Labs Marketplace, an initiative that enables banks to rapidly introduce new payments products and services with industry specific benefits via Yantra’s proprietary digital banking platform that enables real-time, contextual and conditional payments.

Visa writes open letter to cardholders and merchants in Canada regarding Walmart dispute

June 17, 2016 -- Visa has sent an open letter to Canadian cardholders and merchants in response to Walmart's decision to no longer accept Visa cards at Canadian stores. The letter, which is posted on accompanied by a video of Rob Livingston, president and country manager of Visa Canada, reading an exerpt, is as follows:

Canadian research highlights global trend towards faster payments

June 16, 2016 --Research released by Payments Canada and the Bank of Canada exploring payment system modernization initiatives around the world reveals a global trend towards infrastructure enhancements that support faster payments. In keeping with its role to underpin the Canadian financial system and economy by providing safe, efficient and effective clearing and settlement of payments, Payments Canada conducted the research to inform discussions and decision making on the future of payments in Canada.

Blockchain, FinTech, the future of finance on agenda as payments conference kicks off in Calgary

June 16, 2016--The newly reformulated Payments Canada welcomed representatives from across the payments industry to Calgary where more than 500 delegates will explore issues that influence the future of payments policy and technology.

Canadian Prepaid Providers Organization (CPPO) releases data from first-ever Open-Loop Prepaid Market Study in Canada

June 15, 2016 -- The Canadian Prepaid Providers Organization (CPPO) today released a new benchmark study entitled, Canadian Open-Loop Prepaid Market: 2015, that reveals the open-loop prepaid card market in Canada reached CAD$ 3.1 billion in total dollars loaded onto cards. The Canadian open-loop prepaid market has eight active segments compared to 17 in the U.S., showing significant growth opportunity for prepaid programs in Canada. The Canadian market is expected to follow U.S. trends, where open-loop prepaid cards are the fastest growing form of electronic payment. Mercator Advisory Group reported that the total load value in the U.S. reached USD$ 264 billion in 2014.

Canadian Payments Association becomes Payments Canada

June 15, 2016 – The Canadian Payments Association (CPA), the country’s financial market infrastructure for payments, announced today it has changed its name to Payments Canada. The new name and brand identity reflects the organization’s transformation in a rapidly changing payments marketplace.

Ingenico Group and nanoPay Corporation partner to enable Canadian retailers to accept MintChip digital cash

June 15, 2016 -- Today, at the Payments Panorama Conference, nanoPay Corporation, a fully integrated loyalty and payments platform provider and Ingenico Group, the global leader in seamless payment, announced a new partnership in which Ingenico Group will integrate nanoPay's MintChip digital cash platform into its Telium system, enabling merchants to accept MintChip using their existing Ingenico Group smart terminals. The partnership will provide a more seamless, secure and faster payment experience for both merchants and consumers, while bringing Canada one step closer to becoming a cashless society.

MasterCard aims to empower local businesses with big data, digital tools

June 13, 2016--MasterCard announced it is offering real-time, analytics-based market insights on revenue, market share, customer demographics and competitors to local merchants across Canada. Local Market Intelligence (LMI) offers insights on both a particular location and across multiple locations, regardless of the size of business.

Exiger, Venture leaders back cyber security innovator

June 13, 2016--Exiger, the global regulatory and financial crime, risk and compliance firm, together with Generation Ventures, MaRS Investment Accelerator Fund, Export Development Canada and Trellis Capital announce an equity investment in RANK Software, a Toronto-based company that is pioneering the use of big data analytics for cyber security solutions.

AMF creates Fintech Working Group to push technological innovation in the financial sector

June 13, 2016 --The Autorité des marchés financiers (the "AMF") has announced the creation of a fintech working group. Its primary mandate is to analyze technological innovations in the financial sector and anticipate regulatory and consumer protection issues. "The creation of the Fintech Working Group further demonstrates the AMF's resolve to serve as a go-to point of contact and reference for all industry stakeholders interested in financial sector technological innovations," said AMF President and CEO Louis Morisset. "We want to broaden our understanding to ensure that over time, the regulatory environment in Québec adequately addresses the many challenges and issues raised by fintech."

Interac collaborates with Norway’s BankAxept

June 9, 2016 -- Interac Association/Acxsys Corporation (Interac), Canada’s leading payments brand, announced today its collaboration with BankAxept, Norway’s domestic debit network, bringing together the market-leading strengths of each organization to help accelerate the rollout of contactless and mobile debit solutions in Norway. The licensing agreements will help enable BankAxept to deliver a secure and cost-effective contactless point-of-sale solution in Norway, as well as provide documentation and software that will position BankAxept to offer a broad range of mobile payment solutions to its banking clients. BankAxept is the first client to license Interac payment solutions internationally.

Alithya tapped to modernize automated banking machines and service counters for Desjardins

June 7, 2016 -- Alithya, Quebec's largest privately-held strategic consulting and IT services firm, is proud to announce a major joint project with Desjardins Group, Canada's largest cooperative financial institution, to modernize its automated banking machines and service counters.

Vantiv drives payments security

June 6, 2016 -- Vantiv Integrated Payments, a Vantiv company, and a provider of payments technology and services for small and medium-sized businesses (SMBs), today announced the next phase of the Security Pays initiative: to move beyond education to encourage business owners to take definitive steps to make their payments processing more secure.

Finance professionals concerned about payments fraud as more transactions become paperless

June 6, 2016 -- Payments fraud presents a growing challenge for corporate treasurers and other finance professionals, according to a recent survey conducted by TD Bank, America's Most Convenient Bank, at the NACHA–-The Electronic Payments Association PAYMENTS 2016 conference in Phoenix, Arizona.

D+H demonstrates real-time payments capabilities at two upcoming payments events

June 2, 2016 -- DH Corporation ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that it will demonstrate its real-time payment capabilities at EBAday, an industry leading forum covering the key trends impacting the payments industry, on June 7-8 in Milan, Italy, and at Payments Panorama, the biggest stage for Canada's payments sector, from June 15-17 in Calgary, Alberta. By using D+H's mobile app, which was created for this demonstration, attendees will experience first-hand how money can move from one account to another in real-time, empowering businesses and consumers to make and receive payments immediately, with certainty and convenience.

Apple Pay now widely available for Interac debit cardholders

June 1, 2016 -- Interac Association/Acxsys Corporation (“Interac”), Canada’s domestic debit network, is pleased to announce the participation of additional financial institutions offering Apple Pay to Interac debit cardholders. Interac debit cardholders from BMO Financial Group, Scotiabank and TD can now use Apple Pay on supported Apple devices to make easy, secure and private contactless debit transactions when shopping at hundreds of thousands of merchants coast-to-coast. Today’s announcement follows last month’s launch of Apple Pay for Interac debit cards issued by CIBC and RBC.

Contactless payments take off in Canada

May 31, 2016 -- The value of contactless payments made by consumers in Canada more than doubled over the past year, according to a new study published by Technology Strategies International Inc. The report titled, Canadian Payments Forecast – 2016, estimates that the value of contactless payments transactions increased by about $30 billion in 2015, on the back of more than 1.2 billion transactions.

Arab world could see US$69 billion in online payment transactions per annum by 2020

May 31, 2016 -- PAYFORT, the leading online payment service provider in the Arab world, has announced its third “State of Payments in the Arab World” report, offering up-to-date data and insights in the region’s payment trends and consumer buying habits. Based on the seven key country markets studied, the region saw a 23 percent increase in online payments during 2015, led by strong growth in Saudi Arabia and the United Arab Emirates, showing 40 percent and 24 percent year-on-year growth respectively. Meanwhile, the report forecasts that the volume of online payments could increase nearly three times by the year 2020 to reach more than US$69 billion of transactions per annum.

Allianz Global Assistance and PassportCard to launch an innovative program designed to revolutionize travel insurance experience

May 30, 2016 -- Allianz Global Assistance Canada announced today its plans to test a new and innovative way for travellers to pay for medical claims while travelling.

RBC wins Best Payment Innovation and Best Use of Data Analytics

May 26, 2016  -- RBC is honoured to once again be recognized by Retail Banker International (RBI) in its annual awards competition, by winning Best Payment Innovation and Best Use of Data Analytics for 2016.

Sionic Mobile’s ION Loyalty three-digit checkout with instant rewards gains momentum with small businesses

May 24, 2016 -- Sionic Mobile today announced its proprietary, mobile-to-mobile, three-digit checkout process is gaining traction among small business owners. Requiring no new hardware or upfront investment, ION Loyalty provides small business owners with mobile checkouts that are faster, easier and safer than cash or plastic – a preferred alternative to Square, PayPal Here and others – along with instant customer rewards.

Mobeam barcode beaming technology powers loyalty and membership card support in latest Samsung Pay release

May 24, 2016 -- Mobeam, the unique global leader in mobile barcode beaming, today announced that its technology has been incorporated into Samsung Electronics Co. Ltd.’s popular Samsung Pay mobile payment service. Mobeam technology has been used in Samsung Pay for a number of months for the redemption of gift cards that are barcode based. With the latest Samsung Pay update, Mobeam’s beaming technology has been further implemented within Samsung Pay to power the transmission of any barcoded loyalty or membership card at retail POS laser scanners.

Scotiabank recognized for best digital strategy

May 20, 2016 -- Scotiabank has been recognized by Retail Banker International as the Global Bank with the Best Digital Strategy for 2016. This is the first time Scotiabank has received this recognition.

FinTech study will examine innovation in the Canadian financial services sector

May 19, 2016 -- The Competition Bureau has launched a market study into technology-led innovation in the Canadian financial services (FinTech) sector. FinTech companies are using technology to change the way that Canadians consume financial services, such as making payments or transfers, investing and borrowing funds.

Beanstream USA launches payment processing solution for business

May 19, 2016 -- Beanstream, a Bambora company, today announced their expanded service, Beanstream USA that allows merchants and integrated partners to accept payments in the U.S., with seamless online onboarding and simple pricing tools. SaaS and cloud-based companies continue to disrupt industries and are transforming the digital evolution of B2B payments. rebrands as, becoming TIO's direct-to-consumer destination

May 17, 2016--TIO Networks Corp., North America's leading cloud-based bill payment processor announced the launch of, a mobile optimized web portal where consumers can pay bills in less than a minute from any Internet enabled device. offers access to over 9,000 common U.S. household and consumer bills, ranging from utility, telecom, auto, mortgage, cable, satellite, and much more.

PayVida pairs with Apple Pay to for small businesses go high-tech at low cost

VANCOUVER--For small businesses across the country, accepting Apple Pay just got a whole lot easier, according to PayVida. The company announced that they have paired their industry-leading pricing with Apple Pay. This combination offers their clients -- small businesses, retailers and other Canadian entrepreneurs -- the ability to provide simple contactless payments to their customers. On top of this, the company commits to offering the most transparent credit card processing rates in Canada.

WePay introduces first white label mobile point of sale solution for platforms

May 16, 2016--WePay, the leading provider of payments-as-a-service for online platforms including GoFundMe, FreshBooks, and Constant Contact, released a white label mobile point of sale solution that enables platforms to seamlessly handle in-person payments in addition to online payments.

Apple Pay now supports Interac in Canada

May 10, 2016 -- Interac Association, Canada’s domestic debit network, announced the launch of Apple Pay, available to consumers with Interac debit cards issued by CIBC and RBC, and coming soon to BMO Financial Group, Scotiabank and TD. Apple Pay enables easy, secure and private contactless transactions using supported Apple devices. Consumers will now be able to add their Interac debit cards to their Apple Wallet and shop at the hundreds of thousands of merchant locations where contactless payments are already accepted in Canada.

Apple Pay now available to Canadian MasterCard cardholders

May 10, 2016 -- Today, MasterCard announced it will bring its cardholders Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient. MasterCard credit cardholders banking with Royal Bank of Canada (RBC), Canadian Imperial Bank of Commerce (CIBC), Canadian Tire Bank and ATB Financial can pay with Apple Pay starting today, and cardholders who bank with BMO Financial Group (BMO) will be able to use Apple Pay in the coming weeks.

Moneris continues contactless payment leadership in Canada as Apple Pay expands

May 10, 2016 – Moneris Solutions Corporation (“Moneris”), one of North America’s leading credit and debit card processors, welcomes the Canadian expansion of Apple Pay enablement for Interac, Visa and MasterCard cardholders, following the American Express acceptance that was enabled in late 2015. With Interac Debit and three major credit card brands on board, coupled with the popularity of Apple devices in Canada, more consumers will be able to use their favourite credit and debit cards with Apple Pay.

Scotiabank to offer Apple Pay to customers

May 10, 2016 -- Further to the announcement of the arrival of Apple Pay in Canada, Scotiabank announced that the Bank will add Apple Pay to its line-up of mobile payment options in the coming months. With the addition of Apple Pay, Scotiabank will now offer customers a mobile wallet service on almost any device.

PayPal announces ‘Return Shipping on Us’ to help drive online retail in Canada

May 9, 2016 -- Today, PayPal announced the launch of a new Return Shipping on Us service in Canada. By directly addressing a concern of online shoppers, this service aims to boost consumer confidence and help drive online retail by refunding return shipping costs on eligible online purchases within Canada and around the world.

NXG International partners with CardX for fully compliant service fee solutions in Canada

May 5, 2016--NXG International, a provider of payment services and solutions in Canada, today announced a strategic partnership with CardX, a technology provider of service fee solutions (patent-pending). NXG International will bring CardX's innovative solution, Intelligent Rate, to qualifying merchants in Canada. Intelligent Rate gives eligible businesses and institutions the capability to accept credit card payments paying no cost for the transactions. This is a "revenue-neutral" card acceptance solution which also allows consumers to choose the fee they pay.

Fiserv, INETCO enhance ATM management with real-time analytics to improve customer experience

May 3, 2016 -–INETCO Systems Limited, a leading provider of real-time transaction monitoring and customer experience analytics solutions for retail banking channels, today announced they have signed an agreement with Fiserv, Inc, the global provider of financial services technology solutions. As part of this agreement, Fiserv will be reselling the INETCO Insight and INETCO Analytics omnichannel monitoring and analytics software to ATM operators and financial institutions managing large networks. Fiserv will also embed INETCO’s real-time transaction monitoring, alerting and on-demand customer experience analytics into Device Manager from Fiserv, which enables management of ATMs, kiosks, and self-service check-out stands, as well as other self-service devices.

Capital One, Citigroup, Fidelity, First Data, Fiserv, MUFG, Nasdaq, State Street, Visa contribute to new protocol for high-scale blockchain applications

May 2, 2016--Chain, Inc., a leading provider of blockchain technology, today announced the public release of Chain Open Standard 1 (Chain OS 1), an open source blockchain protocol developed over the last 18 months through a unique collaboration between the Silicon Valley company and global financial services firms.

CPA leads transition to electronic payments with Global Messaging Standard in Canada

April 25, 2016 --Canada joined a growing list of countries that have adopted ISO 20022, an important first step in the modernization of Canada's payment system. ISO 20022 is a global standard for electronic payment messages that will help businesses and financial institutions facilitate the move away from paper by creating the ability to exchange more information – like invoices - with electronic payments. ISO 20022 also helps to streamline cross-border payments by using a common global "language" for payments data.

CPA uncovers a common vision for progress in payments

April 20, 2016 --The Canadian Payments Association (CPA) has uncovered a common vision for payments in Canada, working with organizations representing diverse perspectives: A modern payment system must be fast, flexible and secure, promote innovation and strengthen Canada's competitive position. The findings, outlined in The Vision for the Canadian Payments Ecosystem, are the result of a CPA-led consultative process involving more than 100 financial institutions, businesses, consumer groups and governments about the future of Canadian payments.

Digitzs launches new 'painless' payments API for platform

April 19, 2016 -- Digitzs, a modern and disruptive global payments API for the massive yet underserved app marketplace and platform space, is launching live (via Periscope) today at 4 p.m. inside the Transact 16 Payment Facilitator ETA event at the Mandalay Bay.

NEWSCYCLE goes live on VersaPay's AR automation Solution

April 19, 2016--VersaPay Corporation, a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that NEWSCYCLE Solutions is now live on VersaPay ARC, the company's AR automation solution.

Canadian consumer spending up 6.24 per cent in the first quarter of 2016 

April 18, 2016 -- Consumer spending in Canada grew by 6.24 per cent in the first quarter of 2016 on a year-over-year basis, according to the MonerisMetrics Quarterly Report released by Moneris Solutions Corporation (Moneris), one of North America's largest processors of debit and credit payments. The first quarter of 2015 also showed growth of 5.78 per cent.

Porter Airlines taps into Canada's growing corporate travel market as a UATP merchant 

WASHINGTON -- Porter Airlines continues to enhance its strong corporate travel base by becoming a UATP Merchant.

ACH volume grows by 5.6 per cent, adding 1.3 billion payments in 2015

April 15, 2016 --In 2015, ACH transaction volume grew to more than 24 billion electronic payments, an increase of 1.3 billion payments or 5.6 percent, over 2014 volume, according to new statistics released today by NACHA — The Electronic Payments Association. This increase marks the second consecutive year in which ACH payments grew by more than 1 billion. Additionally, a total of more than $41.6 trillion was transferred over the ACH Network last year, increasing 4 percent compared to 2014.

Scotiabank, Overwaitea Food Group join forces to offer Canadians More Rewards Visa Card

April 8, 2016---Scotiabank and the Overwaitea Food Group will jointly launch the Scotiabank More Rewards Visa card this spring. The new card will offer one of the country's richest credit card rewards programs from western Canada's loyalty program called the More Rewards program.

BDC Capital, Startupfest create series of festivals for emerging tech startups, venture capital funds, angel investors, accelerators

April 7, 2016--BDC Capital, which calls itself the most active venture capital investor in Canada, has signed a multi-year partnership agreement with Startupfest, the largest startup conference in the country, to build a set of premium festivals that facilitate knowledge exchange, sharing of best practices, network expansion and enhanced collaboration between key players in the venture capital ecosystem – emerging tech founders, venture capital funds, angel investors, and accelerators.

The Erb Group selects VersaPay to provide accounts receivable automation

April 6, 2016--VersaPay Corporation, a Canadian provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced its newest customer, The Erb Group of Companies (Erb). Erb, which provides trucking and distribution services throughout Canada and the US, selected VersaPay to support its rapidly growing business and its commitment to maintaining a leadership position.

BMO Financial Group, MasterCard begin roll-out of first in Canada, U.S. biometric corporate card program

March 26, 2016--BMO Financial Group and MasterCard marked the beginning of phased launch of the first biometric corporate credit card program in Canada and the U.S. that will enable cardholders to verify transactions using facial recognition and fingerprint biometrics when making online purchases, a process being called "selfie pay".

Profile of a Canadian banking consumer

March 24, 2016 -- Yahoo recently conducted a consumer finance study to better understand Canadians’ perceptions of the banking industry across six key banking audiences: students, new Canadians, millennials, parents, boomers and self directed investors. Utilizing the motivations and trends impacting consumer loyalty and investment will enable Canadian banks to better position themselves to attract and retain customers.

Majority of Canadian internet users report preferring Canadian companies for e-commerce purchases

March 23, 2016--Canadians cite benefit to the Canadian economy (44 percent), the cost of delivery (19 percent), the Canadian dollar (17 percent), and customs charges (16 percent) as the key factors behind preferring to make online purchases on Canadian websites. In its latest report in a series about the state of the Canadian Internet, the Canadian Internet Registration Authority (CIRA) investigates the growing importance of e-commerce to Canadian retailers. CIRA's research looked at online purchasing behaviours of both Internet users and small business owners.

A vision of the Canadian payments market from a world payments leader

March 23, 2016--Recently, Toronto-based Rakuten Kobo Inc., one of the world’s most innovative eReading companies, cut a deal with global payments provider Worldpay to manage its online payment processing and acquiring in Canada. Rakuten Kobo had been working with Worldpay in the US, Europe and Japan. The contract brings WorldPay’s portfolio, including acquiring, gateway, alternative payment methods, fraud and risk management services, to the Canadian market. The partnership is supported by Peoples Trust Company, Worldpay’s Canadian banking partner.

ATB Financial launches new crowdlending platform

March 22, 2016--Inspired by the success of its Alberta BoostR online crowdfunding platform, ATB Financial has unveiled a new way to support the province's small businesses, this time through crowdlending. ATB LendR gives Albertans the opportunity to, as a crowd, loan money to budding entrepreneurs. Once an entrepreneur reaches half of its funding goal, ATB will provide the remaining half, completing the loan. ATB collects and distributes payments and interest back to the LendRs.

New report finds only 39 percent of SMEs in USA have adopted EMV chip card technology

March 21, 2016--Nearly six months into the EMV chip card mandate, the SMB Technology Adoption Index, powered by Sage, for first quarter of 2016 finds that only 39 percent of small and medium businesses (SMBs) have implemented the required technology to accept Europay, Mastercard and Visa (EMV).

Gerry Gaetz tells AFP Calgary the association's plan to create positive change in the payments ecosystem

March 21, 2016--Gerry Gaetz, president and CEO of the Canadian Payments Association (CPA), spoke about creating positive change in the payments ecosystem in a presentation to Calgary treasurers, cash managers and corporate finance professionals on March 16 for the Association of Financial Professionals (AFP) Calgary. Calgary will be the location of Canada’s premier payments conference in June, Payments Panorama, run by the CPA.

Traditional financial services firms fear almost a quarter of their business is at risk from FinTechs--survey

March 18, 2016--FinTech companies are more bullish, believing they could capture a third of incumbents’ business. That's the consensus from a new PwC survey which assesses the rise of new technologies in the financial services (FS) sector and their impact on market players, reveals 83 percent of respondents from traditional FS firms believe part of their business is at risk of being lost to standalone FinTech companies, reaching a staggering 95 percent in the case of banks.

Ackroo acquires D1 Mobile's payment, loyalty, engagement platform

March 15, 2016--Ackroo Inc., the Ottawa-based gift card, loyalty and rewards technology and services provider, and D1 Mobile, a leading digital agency specializing in innovative mobile experiences that connect brands with their customer, are pleased to announce that the two companies have reached an agreement for Ackroo to acquire the assets of D1 Mobile which pertain to mobile payment and loyalty. Under the terms of the acquisition, Ackroo will acquire both D1 Mobile's Appetite Mobile Pay and Loyalty platform and D1 Mobile's customer base of 281 locations.

Eighty percent of US credit card users surveyed are concerned about fraud, identity theft

March 14, 2016--A survey conducted over the weekend of credit card users in the United States showed that 80 percent are concerned about credit card and identity fraud while 65 percent of credit card users would pay for a safer biometric secured credit card that has a built in fingerprint reader for protection.

American Express recognized for seamless customer experience using multiple channels

March 14, 2016--American Express Canada has been recognized for its world-class service, winning the Service Quality Award of Excellence for its omni-channel best practices. The award acknowledges the seamless experience American Express customers have using multiple contact channels.

Investment in FinTech is the future of Canadian banking

March 11, 2016--According to PwC's Canadian Banks 2016: Embracing the FinTech Movement report released today, Canadian banks are laser-focused on responding to the threats – and opportunities – posed to the banking industry, at the hands of a group of new companies building financial technology (FinTech) solutions. FinTech offerings range from competing financial services such as alternative lending, to additive solutions atop existing banking services, to enabling technologies for the banks themselves. Capitalizing on the latest mobile, cloud and digital technologies, Canada is now home to many FinTech firms who are trying to shake up and be accretive to the banking value chain.

Concerns about security slow mobile payment adoption, but use of digital tech still growing

March 11, 2016 --While recent hacks and data breaches of government agencies and financial websites have intensified public concerns about data privacy and security, a new study from SAS, Mobility, Vulnerability and the State of Data Privacy, reveals that overall concern is down among many consumers. SAS' latest research shows that 63 percent of respondents say recent events like these have heightened their concerns, a drop from 69 percent in similar research from 2014. One exception is mobile payment systems. Only 28 percent of Canadian respondents report using them. A primary reason among non-users is unease about security. In this case, data concerns appear to be influencing adoption.

National credit card accounts, balances, limits continue to increase, deliquencies remain low

March 10, 2016--Following the Bank of Canada's interest rate announcement, Equifax Canada reports that delinquency rates remain at historic lows in its Q4 2015 National Consumer Credit Trends Report. When compared to the same quarter from a year ago, the 90+ delinquency rate (excluding mortgages) was unchanged at 1.09 per cent.

Fintech funding hits all-time high in 2015, despite pullback in Q4: KPMG and CB Insights

March 9, 2016--While 2015 marked a banner year for the fintech sector highlighted by newly minted Unicorns and increased involvement by financial services giants, Q4'15 saw investment to venture capital (VC)-backed fintech companies cool off, according to the Pulse of Fintech, the quarterly global report on fintech VC trends published jointly by KPMG International and CB Insights.

Migration to electronic payments added nearly $300B to GDP across seventy countries--Visa study

March 9, 2016--Visa Inc. says results of a new 2016 study conducted by Moody's Analytics that analyzed the impact of electronic payments on economic growth across 70 countries between 2011 and 2015. The Visa-commissioned study of those countries found that increased use of electronic payment products, including credit, debit and prepaid cards, added US$296B to GDP, while raising household consumption of goods and services by an average of 0.18 percent per year.

Canadian Payments Association announces new initiative to adopt internationally recognized payment messaging standard

March 7, 2016--The Canadian Payments Association (CPA) has launched a multi-year initiative to modernize Canada’s core payments infrastructure, which will ultimately use the internationally recognized payment messaging standard, replacing multiple formats. The design phase of the project is slated to be completed by the end of 2016, and will see the CPA deliver ISO20022 message standards for Automated Funds Transfer (AFT) payments for use by its members. ISO20022 standards for Large Value Transfer System (LVTS) wire payments and Electronic Data Interchange (EDI) payments will be delivered later.

New capability added to Suretap for customers to redeem, manage loyalty points

March 7, 2016 --Suretap a Canadian digital wallet technology company, added a new loyalty section to its mobile wallet application, allowing consumers to earn, redeem and manage loyalty points. The new capability is made possible in part through a partnership with Points, a loyalty commerce transactions and currency management provider.

TD adopts Visa's secure tokenization technology, enhancing customers' mobile payment experience

March 3, 2016--TD Bank Group is the first Canadian financial institution to adopt Visa's global standard tokenization technology for its TD app for the Android operating system. Powered by Host Card Emulation (HCE), this tokenization technology provides TD customers with enhanced security by substituting sensitive account information with encrypted "tokens" during mobile payment transactions. An additional benefit to moving to this new solution is a more seamless user experience to set up and begin using mobile payments, in a matter of seconds.

DMTI Spatial, Financial Operations present: Disruptive technologies facing the Canadian banking sector

March 2, 2016 -- DMTI Spatial and Financial Operations magazine are joining forces to present a not-to-be-missed webinar on Wednesday, March 30th at 10:30 a.m. EST focused on the business impact of digital disruption, including the challenge of serving digitally empowered customers and threats from fintech start-ups.

Beanstream introduces sproutPOS

March 2, 2016 -- Beanstream, a Bambora Company, today announced the official launch of the sproutPOS platform for the Canadian market. sproutPOS is one of the first mobile point-of-sale (mPOS) solutions with Europay, Visa and MasterCard (EMV) chip and PIN technology that enables merchants to process payments with Interac debit, MasterCard, Visa and AMEX using their smartphones and tablets.

Central 1 posts slight profit decline, but growth powers payments services

February 29, 2016--Central 1 Credit Union posted a profit of $52.4 million for the year ended December 31, 2015, compared to $53.6 million for the same period in 2014. The organization's growth was mainly driven by increased activities in electronic payments processing and MemberDirect online services in 2015 within digital and payments services.

EU remittances market exceeded $135 billion in 2015

February 26, 2016 -- The European Union's remittances market demonstrated a 15-percent growth, to exceed $135 billion in volume, the France-based international service provider Tempo Money Transfer reported. In its market overview, the Paris-headquartered operator said that in spite of global economic turmoil, the demand for remittances has been on the rise.

Interac® debit card fraud losses plummet for the sixth consecutive year

February 26, 2016 -- Fraud numbers released today by Interac Association (“Interac”) show that Interac Debit losses due to skimming have continued a six year drop setting a new record low of $11.8 million in total losses to financial institutions in 2015. This reflects a 27 per cent decrease from the previous year when fraud losses amounted to $16.2 million in 2014. In the rare occurrence of fraud, consumers are fully protected through the Interac Zero Liability Policy.

Libro Credit Union partners with Everlink on card issuance

February 23, 2016 -- Everlink Payment Services Inc. has a new strategic partnership with Libro Credit Union, the third largest credit union in Ontario, to provide Central Card Issuance (CCI) to over 100,000 owners of their credit union.

Giesecke & Devrient’s CloudPay solution to offer MasterCard Tokens for issuer wallets

February 23, 2016 -- As digital payments become more prevalent in every corner of the globe, MasterCard continues to work with its partners to create a more connected and secure commerce ecosystem. Today at Mobile World Congress, MasterCard and Giesecke & Devrient (G&D) announced a partnership that will combine the MasterCard Digital Enablement Service (MDES) with G&D’s Convego CloudPay solution, enabling issuers to work directly with G&D to implement industry-standard tokenization technology for their issuer HCE wallets. This provides consumers with access to digital payments provided directly by their card issuers. A leading mobile payment provider, G&D becomes the first third-party company to offer MDES tokenization services to issuing banks.

Canada’s credit unions offer Mobile Pay service with mobile Interac Flash

February 22, 2016 -- Canada’s credit unions will be offering a new secure Mobile Pay service using Interac Flash starting this spring. Credit union member/owners will be able to use their supporting smartphones to make purchases directly from their savings or chequing accounts at retailers displaying the Interac Flash logo. This new solution builds upon the success of Interac Mobile debit solutions and the Interac Token Service Provider (TSP), which enables credit unions to innovate, build and manage secure digital payment experiences. Credit unions will be the first users of the new Interac TSP in Canada.

Redknee awarded multi-year contract supporting Turk Telekom launching new services

February 22, 2016 -- Redknee Solutions Inc., a leading provider of real-time monetization and subscriber management software, is pleased to announce the signing of a new multi-year expansion of services contract, including licenses, support and other consulting services, with Turk Telekom, a leading mobile operator in Turkey with over 17 million subscribers. With signing of this new contract, Turk Telekom will further strengthen its relationship with Redknee and leverage its real-time monetization and subscriber management software to support the impending launch of new LTE services in the coming months.

Interac payment innovation seen as accelerating growth of digital payments in Canada

February 22, 2016 -- Coinciding with the Mobile World Congress 2016, Interac Association/Acxsys Corporation has introduced enhanced innovative capabilities that are setting the standard for secure debit payments and accelerating the growth of digital payments in Canada. A key development is the Interac Token Service Provider (TSP), which is among the first for a domestic debit network globally. This proprietary token generation and management service enables financial institutions, merchants and our partners to innovate, build and manage secure digital payment experiences.

Wincor Nixdorf, Mahindra Comviva, partner to enable NFC or QR code- based ATM transactions

February 22, 2016 -- Wincor Nixdorf, one of the leading providers of IT solutions to retail banks, and Mahindra Comviva, the global leader in providing mobility solutions, have collaborated to enable seamless transaction experience at the ATM.

P2P payments used for more than check splitting, says Auriemma Consulting Group

February 16, 2016 -- Person-to-person (P2P) payments are increasing in popularity and diversifying in use, with nearly one-third of consumers currently utilizing the service, according to recent research by Auriemma Consulting Group (ACG). The firm's latest Cardbeat® surveys, among 800 US credit cardholders, found that users report several practical uses for P2P payments other than just splitting the check -- many citing transaction speed and ease of use as reasons for the preference.

iovation shares next generation of mobile payment authentication

February 11, 2016 -- iovation, the provider of device intelligence for authentication and fraud prevention, has announced it will participate in a panel discussion about the latest mobile payments trends and the next generation of consumer authentication at the 9th Annual Mobile Payment Innovations Summit. Max Anhoury, iovation's vice president of global partnerships, will present to and participate with financial industry professionals in the session entitled "Balancing Fraud and Prevention with Functionality: The Ongoing Mission." Leading financial institutions and payment processors attending the summit include MasterCard, American Express, U.S. Bank, Wells Fargo, PayPal, Citibank, Capital One and more.

Linedata Capitalstream announces technology partnership with Meridian

February 11, 2016 -- Linedata, the global solutions provider dedicated to the investment management and credit industries, is pleased to announce that Linedata Capitalstream, the Best-in-Class solution that provides leading financial institutions with the tools and services they need to automate multiple lines of business around the globe, has partnered with Meridian.

GuestLogix files for CCAA protection

February 10, 2016 -- GuestLogix Inc. announces that the Company has commenced proceedings and obtained court protection under the Companies' Creditors Arrangement Act (the "CCAA") as the Company attempts to restructure and reorganize its assets, business and financial affairs. The operations of OpenJaw Technologies Limited are not subject to the CCAA proceedings.

Auriemma Consulting Group introduces marketing operations roundtable amid rising complexity, compliance risks

February 10, 2016 -- Auriemma Consulting Group (ACG) has launched an industry roundtable focused on credit card marketing operations -- the firm's first-ever executive group oriented toward pre-acquisition business processes and compliance risks. Intensifying regulatory pressure, new consumer disclosure pitfalls, and the rise of digital channels have transformed how financial institutions execute marketing activities, from offer delivery and fulfillment to the rollout of new products, services, and campaigns. The Marketing Operations Roundtable, an extension of ACG's information sharing and benchmarking platform, is designed for credit card industry executives who oversee this broad and highly complex set of tasks.

Diebold commences takeover offer for Wincor Nixdorf shares; companies to combine as Diebold Nixdorf

February 8, 2016 -- Diebold, Inc., a global leader in providing self-service delivery, value-added services and software primarily to the financial industry, announced today it has commenced the voluntary public takeover offer for all no-par value bearer shares of Wincor Nixdorf Aktiengesellschaft, a leading provider of IT solutions and services to banks and the retail industry.

SmartMetric presents new biometric protected payments card

February 8, 2016 - -SmartMetric has announced a new fingerprint activated EMV chip (smartcard) technology at the Smart Card Alliance conference for the smart card including payments chip card industry. While SmartMetric has been presenting its advanced biometric activated card to select financial institutions internationally this will be our first official unveiling of our card to the industry and the media, said SmartMetric's President and CEO, Chaya Hendrick.

Coin Reverse provides online and automatic instant payment platform for Bitcoin traders

February 5, 2016 -- Coin Reverse Inc., a New York-based cryptocurrency trader, has announced that it has put a "can't say no to" offer on the table for Bitcoin sellers, as it's revealing its new cryptocurrency investment policy and appetite. The company has launched a market break-through offer on Bitcoin trade, sustaining a buying rate which is 15% higher than Market's official rate.

Payment fraud remains top concern for Canadian travel agents

February 3, 2016 -- Payment fraud remains the top concern for travel agents, exclusive research commissioned by eNett International reveals today. World leading market research company, Euromonitor, interviewed leading travel agencies across Canada and found fraud prevention remains the key priority when it comes to supplier payments. Designed to gain an insight into Canada's current supplier payments landscape, the study showed current industry trends are forcing agents to reassess their payment methods. For example, Canadians continue to make more international trips, and to more exotic destinations. In 2013 alone, over CA$30 billion was spent overseas. Consequently, agencies need to make more payments to previously unknown suppliers, in riskier locations.

D+H achieves first by applying distributed ledger blockchain technology to global payment services hub

February 3, 2016 -- DH Corporation, a leading provider of technology solutions to financial institutions globally, has successfully integrated blockchain distributed ledger technology into its global payments services hub. D+H is now in active discussions with banks to implement this payment solution with integrated blockchain capabilities

VersaPay receives Revenu Quebec reassessment proposal

February 2, 2016 -- VersaPay Corporation has received proposal letters from Revenu Quebec (RQ) in which RQ is proposing to reassess VersaPay under various rules contained in the Excise Tax Act and the Quebec Sales Tax Act in relation to the Company's 2008 to 2014 tax years. The potential for the proposed reassessments has been anticipated and has been previously disclosed by the Company.

Calgary Marriott Downtown mobile key sends guests straight to their rooms

February 2, 2016 -- Checking into and accessing a guest room is faster and easier for Marriott Rewards members at the Calgary Marriott Downtown, thanks to the launch of the new Mobile Key App. Using mobile technology, smartphones now act as a room key, allowing guests to bypass the front desk and go straight to their rooms.

Tightening the screws on loyalty programs would penalize consumers instead of helping them, MEI

February 1, 2016 -- Regulating credit card loyalty programs in order to protect Canadian consumers would entail perverse effects that would harm those consumers, as experiences elsewhere in the world have shown, explains an Economic Note published today by the MEI.

ReUp helps independent businesses create branded loyalty payment apps

February 1, 2016 -- ReUp, a digital application that lets business owners build their own branded loyalty payment app for iOS and Android devices, has launched in Canada, helping local businesses connect with and reward customers using a mobile payment platform.

Voleo Inc. sole Canadian company accepted into Accenture's esteemed FinTech Innovation Lab London

February 1, 2016 -- Vancouver-based fintech company Voleo Inc. has announced that it has been selected to participate in the world's leading fintech accelerator program - Accenture's FinTech Innovation Lab. Taking place at Level39 in London between January 6 and April 7, 2016, Voleo will work alongside 14 other startups from around the globe with the likes of HSBC, Barclays, Santander, RBS Group, Lloyds Banking Group, Deutsche Bank and JP Morgan. Each participant will be immersed in the intensive program intended to nurture and progress new technologies for the financial services sector.

US retailer survey reveals fewer than 10 percent of retailer respondents are EMV-compliant; security also a major concern

January 28, 2016 --Payments security is a core area of concern for retailers, according to new research from ACI Worldwide. The survey of 200 retail industry professionals was conducted in January 2016 at the National Retail Federation’s Annual Convention and Expo, “The Big Show.”

Bond Brand Loyalty calls new program "game-changing" solution for North American banks

January 27, 2016--Bond Brand Loyalty has rolled out an innovative new solution to help North American banks lead in the competitive landscape of reward and loyalty programs, all while offering bank customers a near "endless aisle" of instant redemption with leading retail brands. Better yet, the standalone rewards app requires no large-scale retailer POS integration or associated expense.

TIO wins two awards at Cantech for second consecutive year

January 27, 2016--TIO Networks Corp, a Canadian multi-channel bill payment and receivables management technology provider, won Cantech Letter's 2015 TSX.V Tech Stock of the Year award, and CEO Hamed Shahbazi the Cantech Letter TSX Venture Executive of the Year award. This is the second year in a row TIO has received both prestigious awards.

ACT Canada promotes Andrea McMullen to president

January 25, 2016--ACT Canada has promoted Andrea McMullen to the position of president, while former president Catherine Johnston will remain as CEO. In her new role McMullen will be responsible for implementing high-level strategies, making major corporate decisions, managing the overall operations and resources of the association and directing its growth.

Canadians break holiday online shopping records in 2015

January 25, 2016 -- Canadians shopped online in record numbers during this year's holiday shopping season. For the first time in Canadian eCommerce history, the combined online share of sales in November and December 2015 totalled 9.8%, according to MasterCard SpendingPulse, which looks at Canadian retail sales across cards, cash and cheques to offer detailed insight into consumer spending trends. November and December 2015 were both record-breaking months. In November, online sales accounted for 9.7%, the highest in Canadian eCommerce history. This record was broken in December when online sales climbed to 9.9% of total retail sales, up from 8.6% in 2014.

ParkJockey, PayByPhone partner to help drivers more easily locate, reserve and pay for parking using their smartphone

January 22, 2016 -- PayByPhone, the world leader in mobile payments for parking has joined forces with parking location and reservations provider ParkJockey to deliver parking services to parking authorities, parking operators and consumers.

Should sales taxes be applied to all of Canadians' online purchases?

January 22, 2016 -- As Canadian consumers get ready to enjoy some Cyber Monday sales, an MEI publication points out that the non-collection of sales taxes on Canadians' online purchases from foreign websites has both advantages and disadvantages. This tax avoidance places our online retailers and brick-and-mortar stores at a disadvantage through a kind of unfair competition, but it increases the real incomes of consumers.

Cybersecurity incidents In Canada increased by 160 percent year over year according to PwC Canada

January 22, 2016 -- According to PwC's Global State of Information Security® (GSISS) Survey 2016, Canadian companies are taking steps towards establishing holistic, integrated safeguards against cyberattacks. While investment in safeguards against cybersecurity threats have increased by 82% year over year, it still accounts for an average of only five per cent of overall IT (Information Technology) spending.

Rob McClean named new Amex president & CEO

January 22, 2016 -- Amex Bank of Canada has announced the appointment of Rob McClean as President & CEO of Amex Bank of Canada, and President and General Manager, Amex Canada Inc. Mr. McClean takes this role after serving as Senior Vice President & General Manager of Small Business & Lending for Global Network & International Card Services.

EvoMarketPlace invests in Montreal-based e-commerce company Tempt Brand

January 22, 2016 -- EvoMarketPlace has invested in the Montreal-based e-commerce company Tempt Brands. This partnership will financially support Tempt Brands' online store and will diversify EvoMarketPlace's portfolio of services.

DirectCash Bank now offering Bulk Interac e-Transfer service to business clients

January 22, 2016 -- DirectCash Bank (DC Bank) and Interac Association/Acxsys Corporation (Interac) have announced the launch of Interac e-Transfer bulk disbursement ("Bulk Interac e-Transfer") for all of DC Bank's business customers. This enhanced solution extends the core Interac e-Transfer service into the commercial space by offering businesses a secure, cost-effective alternative to cash, cheque, or prepaid card disbursements for their customers.

Aspire Travel World Elite MasterCard is Canada's number one travel points card with an annual fee

January 22, 2016 -- The Capital One Aspire TravelTM World Elite MasterCard® has been named Canada's top travel points card with an annual fee as announced by Rewards Canada in its annual rewards credit card is a leading online resource for news and information about travel rewards cards and loyalty programs. Its popular annual rewards card ranking provides Canadian consumers with information and expert advice on the best travel rewards cards to suit their needs.

nanoPay acquires MintChip from the Royal Canadian Mint

January 22, 2016 -- The Royal Canadian Mint is pleased to announce that all assets related to MintChipTM, a digital currency product developed by the Mint, have been sold to Loyalty Pays Holdings corporation – a wholly owned subsidiary of nanoPay, a fully-integrated loyalty and payments platform provider.

Aeroplan members can now earn miles with Toyota Canada

January 22, 2016 -- Aeroplan has announced that members can start earning miles across the full automotive customer journey on all Toyota and Scion vehicles in Canada. As part of its new partnership with Toyota Canada Inc. (TCI), Aeroplan Members can earn the following...

Moneris launches business-to-business payment solutions to optimize commercial card acceptance

January 21, 2016--Moneris Solutions Corporation, one of North America's largest processors of debit and credit card payments, will be providing electronic payment processing solutions to the business-to-business (B2B) marketplace in Canada, currently valued at $2.8T.1 B2B payments refer to any payment conducted between two companies, rather than between a company and individual consumer. Moneris' B2B payment solutions will enable businesses to accept electronic payments from commercial customers and help move them away from less efficient invoicing and paper-based systems.

With addition of Desjardins, MasterCard now only network offered by all major financial institutions in Canada

January 16, 2016--On January 18, 2016, Desjardins will begin issuing MasterCard credit cards, giving MasterCard distinction as the only payment network in Canada to be offered by all major financial institutions.

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