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Online News Archive

Editor: Leslee Mason email Leslee

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

March-April 2011

Credit card spending once again on the rise

April 29, 2011 --comScore, Inc., a leader in measuring the digital world, today released its annual Online Credit Card Report, which provides a comprehensive look at the online credit card industry over the past year. The report focuses on shifts in the industry related to improving consumer perceptions of the economic environment, card features most likely to influence card shopping decisions, and the growing importance of online servicing for issuers.

 

Amex Bank of Canada launches new B2B payments solution

April 27, 2011--Amex Bank of Canada makes a major play in the Canadian business-to-business payments space with the launch of Buyer Initiated Payments (BIP), an automated web-based payments solution that takes paper cheques out of the payment process, helps improve a client's working capital, reduces liquidity risk and offers early payment to suppliers without affecting the buyer's cash position.

 

Payment card industry gets failing grade from retailers on 1-year anniversary of Code of Conduct

April 14, 2011 --On the eve of the one-year anniversary of Finance Canada's introduction of the Code of Conduct for Credit and Debit Card Industry in Canada, Retail Council of Canada (RCC) released its report card on credit and debit card industry practices.

 

Pivotal Payments launches proprietary back-end processing platform

April 13, 2011 --Pivotal Payments, a leading provider of merchant services, today announces that it is launching its enhanced processing and reporting platform called HD3. As one of the top merchant providers in North America, Pivotal Payments has now positioned itself to be a consummate merchant payment processor. By eliminating the middle-man, HD3 will allow Pivotal Payments to further tailor their merchant services to meet the needs of their partners and clients with real-time access to data, resulting in faster client care response and rapid problem resolution, along with tougher fraud protection measures.

 

Payfone attracts $19M investment from Amex, Rogers, to close one of largest funding rounds in mobile payments market-to-date

April 13, 2011 --Payfone, a leading provider of mobile payments, today announced the closing of its $19 million strategic funding round, making it one of the largest mobile payments funding rounds to date. American Express is the largest strategic investor in this round of funding, with additional investment from Verizon Investments Inc. (assisted by Verizon Ventures), Rogers Ventures and from existing investors Opus Capital, BlackBerry Partners Fund and RRE Ventures. Payfone's new funds will be used to continue innovations in its market approach and to support its global expansion across North America, EMEA, Latin America and Asia.

 

FeeFighters launches in Canada, targets retailers with comparisons rates of top-tier processors

March 31, 2011 --FeeFighters, a free online comparison shopping engine that offers businesses a head-to-head comparison of credit card processors and their fees, has expanded into Canada. The free comparison site helps merchants compare rates, contract terms and other costs to find the best deals on credit card processing fees.

The debate over contracts and fees has reached a high pitch in Canada, where merchants sometimes struggle to make sense of their choices while also trying to run their business.

 

Bank of Canada announces further details on new series of polymer bank notes

March 27, 2010 --The Bank of Canada announced that it will begin circulating a new $100 polymer bank note in November 2011, with a polymer $50 note to follow in March 2012. The Bank also provided further technical and background information about the new bank notes. More details on the security features, themes and designs of these denominations will be unveiled in the spring of 2011. The remaining denominations—the $20 note, followed by the $10 and $5 notes—will be unveiled and issued by the end of 2013.

 

Scotiabank now offers cardholders Visa payWave

March 25, 2011 --Scotiabank is inviting Visa cardholders to 'wave and go' when making everyday purchases by adding Visa payWave™, a contactless payment feature, to its line of credit cards. Visa payWave transactions make small purchases faster and easier, reducing the amount of time customers spend at the checkout. Visa payWave is a no-fee enhancement which is now available on select Scotiabank credit cards, including ScotiaGold Passport Visa, Scotia Momentum Visa and SCENE Visa.

March 25, 2011 --Visa Canada, together with Great-West Life, a leading Canadian group benefits provider, announced a new Visa-branded employee benefits payment card. The card will reduce the need for Great-West Life group plan members to pay out-of-pocket for health services and supplies covered by their benefits plan.

 

World's leading mobile operators announce commitment to NFC technology

March 24, 2011--Many of the world's leading operators, including América Móvil, Axiata Group Berhad, Bharti, China Unicom, Deutsche Telekom, KT Corporation, MTS, Orange, Qtel Group, SK Telecom, SOFTBANK MOBILE, Telecom Italia, Telefónica, Telekom Austria Group, Telenor and Vodafone, have voiced their commitment to implementing Near Field Communications (NFC) technology, and intend to launch commercial NFC services in select markets by 2012.

 

IBM Survey: Canadian consumers embracing mobile retail payments

March 9, 2011 --Consumers want retailers to remember their preferred payment methods, just one of many trends uncovered in an annual IBM global survey of 30,000 consumers in 13 countries, including more than 2,000 Canadians. The survey also reveals consumers want a personalized shopping experience and will spend more and be more loyal to retailers who offer them quality, service and promotions on items they regularly buy.

BRIEFS

Ingenico signs a worldwide OEM agreement with KICTeam Apr 12, 2011

ATMIA publishes best practices guide on decommissioning ATMs Apr 12, 2011

RDM renews U.S. Bank contract to provide remote deposit capture services Apr 1, 2011

ViVOtech moves to acquire Hypercom US assets from VeriFone Mar 31, 2011

Capital One deal opens new way for Canadians to collect rewards points Mar 27, 2011

RDM, RealPage announce certification of the Connect cheque scanner Mar 27, 2011

SmartSoft adds new technical support centres in Toronto, Oregon Mar 25, 2011

 
 

 

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