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Online News Archive

This page will be updated bi-monthly. For current news, visit our home page

January-February 2013

Fraud Prevention Month survey finds young people oversharing, putting themselves at risk of payment card fraud

February 27, 2013 - Visa Canada has found a significant number of young Canadians who regularly post personal information on social network sites are putting themselves at unnecessary risk by mirroring similar oversharing behaviour offline with their payment card information.

Visa, Samsung sign global alliance agreement to accelerate mobile payments

February 26, 2013 — Visa and Samsung have announced an alliance that has the potential to significantly accelerate the availability of mobile payments globally.

Square creates full POS system in one package for ease of adoption

February 20, 2013 — Square now offers brick-and-mortar stores all the hardware to run a business in one convenient and affordable package. Square Register serves as the full point-of-sale system for businesses to accept payments, track sales and share item and location information.

EnStream to enable SecureKey Authentication Technology on Bell, Rogers, TELUS smartphones

February 20, 2013 – SecureKey has completed an agreement with EnStream, a joint venture of Bell Mobility, Rogers Communications, and TELUS Corporation, to enable SecureKey authentication technology on mobile phones in Canada.

FCAC commissioner clarifies code of conduct for credit, debit cards

February 13, 2013--The Financial Consumer Agency of Canada (FCAC) issued Commissioner's Guidance to clarify three issues related to the Code of Conduct for the Credit and Debit Card Industry in Canada (the code). The Commissioner's Guidance, which stems from the code, applies to payment card network operators that operate in Canada and their participants, including independent sales organizations and other service providers.

American Express syncs with Twitter to unlock purchasing power of hashtag

February 11, 2013--American Express leverages social media platform allowing cardholders to make purchases by tweeting hashtags.

Electronic payments stimulate economic growth

February 7, 2013- The growth in the use of electronic payment products, such as credit and debit cards, added US$9.7 billion to the Gross Domestic Product (GDP) of Canada over the past four years, according to a study conducted for Visa by Moody's Analytics, a leading independent provider of economic forecasting.

Canadians get tax refunds faster, safer, cheaper with new H&R Block Advantage Prepaid MasterCard

February 6, 2013 - Canadians who want their tax refund quickly but don't want to pay cheque-cashing fees and take unnecessary risks with carrying cash, now have a better way to get their tax refund quickly and securely. MasterCard Canada has partnered with H&R Block, Canada's largest tax preparer and DC Bank, a leading provider of prepaid cards, to offer the H&R Block Advantage Prepaid MasterCard.

comScore study highlights digital wallet market potential and current adoption barriers

February 4, 2013– Most digital wallets are unknown and misunderstood among American consumers, according to a comScore study released today. Digital wallets, which store a virtual copy of the contents of a consumer’s physical wallet to facilitate online or offline retail transactions, only had awareness among 51 per cent of U.S. consumers for wallets other than PayPal.

BMO Bank of Montreal to offer Western Union Money Transfer transactions via the Interac e-Transfer Platform

February 4, 2013 – BMO Personal Banking customers will soon be able to conduct online Western Union Money Transfer transactions directly from their accounts via Acxsys Corporation’s Interac e-Transfer platform, to Western Union Agent locations in Canada and more than 200 countries and territories worldwide. The agreements are expected to be implemented in the first quarter of 2013.

Xpress Money launches online portal with DebitWay

February 1, 2013 – UK-based instant money transfer brand Xpress Money has introduced its online portal for Canadian remittance services with payments provider DebitWay. As a result, customers of Canadian banks BMO, RBC, Scotia Bank and TD Canada Trust can access this service to send money across the world.


Tenzing partners with Sitecore to expand e-commerce ecosystem

January 31, 2013 – Tenzing has joined Sitecore's partner program in an effort to become a leading service provider for e-commerce businesses. The move is enabling Tenzing to provide advanced website content management and marketing tools to allow its e-commerce customers to create unique user experiences .

Another first for Everlink’s instant card issuance solution

January 29, 2013 – Everlink is the first payment processor in North America to provide a financial institution with the ability to instantly issue fully personalized Interac Flash enabled debit cards in its branches. This achievement was fully realized on January 28th when Sunova Credit Union began leveraging the recently enhanced Everlink Instant Card Issuance ( ICI ) solution, a web-based, turn-key solution for the on-demand issuance of fully personalized EMV chip debit cards for its members.

Consumer bill payment practices linked to internet usage, mobile bill payment growing, shows Fiserv survey

January 25, 2013 – New research confirms that mobile bill payments ars on the rise but that consumers pay their bills in multiple ways each month, according to Fiserv. The survey also showed there is a correlation between how consumers pay bills and their use of the internet. The fifth annual Billing Household Survey assessed the bill payment habits of active online households and was the first survey in the series to also evaluate the payment habits of consumers who use the internet infrequently or not at all.


ATMIA publishes best practices for preventing cash trapping

January 18, 2013 – ATMIA today announced the publication of a new best practice manual for preventing cash trapping at ATMs. Due in part to the success in addressing many types of ATM fraud, cash trapping, a type of ATM crime that goes back many years, has been reinvented and is currently on the rise again in some parts of the world, including Europe.

CPA seeking feedback for image rule project – phase IV consultation

January 17, 2013 -- In Canada, after a cheque is deposited, it must be presented to the financial institution on which the cheque is drawn (the drawee), or its agent, so that the drawee can decide whether to honour the item. Depending on the physical distance between the two financial institutions, presentment can take several days. The time that it takes for a cheque to be presented, potentially dishonoured and subsequently returned, means that a depositor may not be aware that a payment has been refused for several days following the initial cheque deposit.

Moneris Solutions forms partnership with Prospera Credit Union

January 16, 2013 -- Moneris recently announced a partnership with Prospera Credit Union, a British Columbia-based, member-owned co-operative enterprise that provides full service financial offerings to individuals and businesses from Vancouver to Kelowna.

Canadians happier than ever to shop online; set new holiday season record

January 16, 2013 -- December online sales rose 26 per cent this year over last – much faster than in the U.S. -- reaching a total of 6.6 per cent of all December retail sales.

Ingenico partners with Microsoft to drive retail innovation

January 14, 2013 -- Ingenico today announced that it was working together with Microsoft to deliver enterprise-class devices based on the new Windows Embedded 8 Handheld platform.

globalVCard MasterCard announces new job opportunities coming to Toronto

January 14, 2013 -- CSI Enterprises, under the trademark brand name globalVCard is set to open its newest office in downtown Toronto. CSI Enterprises announced it is in the early stages of expansion of its globalVCard MasterCard product line into the Canadian market.

CIBC promotes NFC payments via BlackBerry

January 8, 2013 -- In collaboration with handset maker RIM, the manufacturer behind BlackBerry, and Canadian telco Rogers, the bank has placed a print magazine advertisement in Connected Rogers Magazine that contains an NFC tag developed by NFC specialist Crosscliq. Readers can tap the NFC tag contained in the advert to obtain a holiday gift offer.

CFIB "disappointed" at credit card processing fee hikes for small business in advance of Competition Tribunal decision

January 4, 2013--Following recent decisions by Visa Canada, MasterCard Canada has communicated plans to increase its transaction fees for small merchants in the summer of 2013. MasterCard will increase its "assessment fee" from 6.4 to 7.7 basis points - a 20 per cent increase on July 1, 2013.



IBM doubles investment in mobile for 2013 Feb 21, 2013

NACHA’s Board of Directors elects new officers
Feb 14, 2013

Advisory breakfast to discuss Canadian eCommerce business opportunities
Feb 13, 2013

FIME qualifies first GlobalPlatform TEE product for Trustonic
Feb 11, 2013

Elavon acquires Collective Point of Sale Solutions
Feb 11, 2013

Freeport Capital Vault acquiring doubles number of active merchants to 1000 Feb 7, 2013

ACCEO Solutions joins EPAS as Associate Member, becomes first North American technology provider to be accepted as a member Jan 31, 2013

Pivotal Payments hires Don Anderson as vice president of North American regional sales Jan 29, 2013

Sunova Credit Union first Credit Union to offer Interac Flash Jan 28, 2013

MasterCard Canada head of marketing appointed SVP, US Consumer Marketing Jan 23, 2013

The CPA makes changes to rules and standards Jan 21, 2013

CSR: “Protecting Only Credit Card Data Isn’t Enough” Jan 16, 2013

CPA looking to hire Manager of Payment Operations (LVTS) Jan 14, 2013

SecureNet Payment Systems Names Christian Fadel Chief Financial Officer Jan 11, 2013




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