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Online News Archive

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

March-April 2013

Study shows Canadian eBusiness managers pushing beyond "good enough"

April 30, 2013 - A new study by ePath Consulting finds that Canadian eBusiness and eCommerce managers are facing significant challenges in their quest to be among the global leaders in eBusiness, but that there are specific opportunities that can help them move towards the front of the pack.

Moneris completes US Visa, MasterCard and American Express EMV testing requirements

April 30, 2013 - Moneris has completed the host testing requirements of VISA,  MasterCard and American Express to support merchant EMV transactions at the point-of-sale in the United States.

MasterCard listed among top five companies for diversity

April 25, 2013 – MasterCard has been recognized as a top corporate leader for diversity by DiversityInc and jumped ten spots to fifth place on this year’s list of top 50 companies. MasterCard was distinguished for the company’s ongoing commitment to a culture of inclusion, driving innovation, talent development and results.

Internet council launches eResources center to support implementation of web transactions

April 22, 2013 – NACHA, The Electronic Payments Association’s Internet Council has launched a WEB eResources Center to offer resources and tools to support businesses and financial institutions in implementing and using the WEB Standard Entry Class (SEC) code as an ACH payment option. 

American bank introduces bill payment through smartphone photos

April 15, 2013 – A Texas-based bank has launched a mobile bill payment solution that takes advantage of the smartphone cameras to simplify payments. Through Picture Pay, once a customer takes a picture of a bill with their smartphone, they simply enter the amount and payment date and the bill is paid. Picture Pay’s technology reads the data from the bill and its built-in analytics confirm the biller. Then, Picture Pay automatically executes through Allied Payment Network.

Credit unions first to offer remote deposit capture for mobile cheque deposits

April 15, 2013 - Credit unions will be the first financial institutions in Canada to offer remote deposit capture - the ability for members to use the camera in their mobile device to snap an image of the cheque they want to deposit and use their mobile banking app to deposit the item electronically. No more taking a cheque to a branch or an ATM. Deposit Anywhere is Central 1's branded mobile deposit service.

More than half of surveyed mobile users manage personal finances on their connected devices

April 11, 2013— Despite security concerns, a great number of American consumers are tapping into their mobile devices for money management, according to “Mobile and Money,” a new study conducted by Interactive Advertising Bureau (IAB) in partnership with InMobi and Viggle. The study looks at how mobile users are leveraging smartphones and tablets to manage their personal finances.

RBC CEO apologizes to Canadians for outsourcing jobs

April 11, 2013 – RBC has issued an open letter to Canadians to appear in Friday’s national papers.

Tenants can now pay rent and maintenance in Bitcoin

April 08, 2013 - Alvic Property Management, a property management company specializing in the management of condominiums, cooperatives and multifamily rentals in the New York metro area, has become the first property management company to accept rent and maintenance payments in Bitcoin.

Desjardins Group and Crédit Mutuel-CIC Group launch international payment solutions partnership

April 5, 2013 - Desjardins Group and Crédit Mutuel-CIC Group, a first-tier mutualist financial institution in Europe, have announced the creation of Monetico International (MI). Based in Montreal, the organization will offer innovative payment solutions for the merchant clients of both financial institutions.

Cyber security poses ongoing threat to Canadians

April 2, 2013 - CGI is consolidating its security expertise and offerings in response to the rapidly increasing risk security threats pose to Canadian business by establishing a Security Centre of Excellence, located in Ottawa. The Security Centre of Excellence comprises over 200 security professionals, a 24/7/365 Security Operations Centre and one of three accredited security evaluation test centres in Canada.

Alterna Savings renews contract with Threshold Financial Technologies

March 27, 2013 - Alterna Savings has renewed its contract with Threshold Financial Technologies Inc. for payment processing services. In addition to transaction processing, Threshold also manages Alterna's fleet of 79 ATMs, as well as debit card provisioning and management. Threshold is a full service integrated solution provider of payments processing and ATM managed services to financial institutions and corporate retail clients.

hyperWALLET announces new payment services and expanded global payments network

March 27, 2013 - hyperWALLET, a Canadian provider of global payment solutions, announced the availability of new payment services and increased global payment network reach.

IBM helps ING DIRECT Canada connect with mobile, social customers

March 20, 2013 – With today’s digital consumers embracing mobile, social and cloud computing, ING DIRECT Canada is applying a smarter commerce approach to consumer banking with IBM's help in meeting the rising expectations of its 1.8 million digital customers. IBM is working with the online bank to deliver innovative financial services that improve ING DIRECT’s customer experience including simplified account access across mobile devices and social media channels, voice recognition and advanced security.

Tough times have been instrumental in evolution of retail technology, says Synqera

March 15, 2013 - A tough economic climate has changed the shape of retail and the way in which customers shop – as well as having a considerable effect on retail technology innovations, says leading technology company Synqera. Although there has been a string of high street casualties in recent years, the fact that retailers have had to become much more savvy in their approach to attract and retain customers has played an important role in retail innovations – an area which has really evolved.

Javelin Strategy & Research awards Bank of America, JPMorgan Chase top rankings in identity fraud security

Mar 14, 2013 – In 2012, the total losses resulting from account takeover and new account fraud each rose by approximately 50 per cent over the previous year. These two fraud types impact consumers most severely, and are historically more difficult for FIs to prevent and detect than any other major fraud type. Today, Javelin Strategy & Research releases the firm’s 2013 Banking Identity Safety Scorecard. For eight years, Javelin has evaluated the top 25 FIs by deposit size based on their consumer facing security features in the three fraud stages of Javelin’s Protection, Detection, and Resolution Model.

Control Group unveils immersive retail experience for Kate Spade Saturday stores

Mar 12, 2013--Control Group, a leading New York City-based technology and design firm, is working with the newly launched Kate Spade Saturday brand to blend physical stores with eCommerce. The unique concept celebrates the social side of shopping by bringing the online experience into the retail stores. The first experience will be through the flagship store in Tokyo, which opened on March 2nd. It will roll out to all other retail stores – both in the US and Japan – throughout 2013.

Western Union continues mobile app expansion

Mar 11, 2013 -- Western Union has created two mobile apps to assist billers in introducing mobile payment solutions to their customers. The two apps are for use with the Western Union Speedpay service.

New app makes it easier for consumers to scan, buy items

Mar 8, 2013 - SLYCE Commerce  is a visual based purchasing platform which has been developed to help brands sell more products from more places, more rapidly.

City reports 300 per cent parking revenue increase with digital payment technologies

Mar 5, 2013 - The city of Appleton, Wis., is reporting extraordinary results just four months into its LUKE II multi-space parking pay station trial. The city attributes a 300 per cent increase in parking revenues to the pay stations' ability to accept bills as payment and because consumers can no longer piggyback on time from previous parking.

30 million active mobile money users around globe

March 4, 2013 - Research shows the number of active mobile money users grew impressively; more than 30 million people undertook 224.2 million transactions totalling $4.6 billion during the month of June 2012 alone according to the GSMA’s second annual Global Mobile Money Adoption Survey.



Canada 's online retailers invited to compete for $1 million in prizes Apr 30, 2013

Payments eXchange announces call for entries for Prepaid & Payments Awards 2013 Apr 19, 2013

American association to launch industry evaluation of QR bill payment guidelines Apr 16, 2013

MasterPass digital wallet launches in Canada Apr 11, 2013

Government of Canada selects BMO Financial Group and MasterCard as official travel card supplier Apr 4, 2013

CPA welcomes new President and CEO, Gerry Gaetz Apr 1, 2013

GuestLogix to deploy onboard retail technology platform across Germania Airline's entire fleet Mar 20, 2013

OSF Global Services products enhance eCommerce experience
Mar 20, 2013

Chirpify allows users to pay via Facebook comments
Mar 20, 2013

MasterCard chooses SelectCore for prepaid card issuance at World MasterCard Fashion Week
Mar 18, 2013

Planet Payment rolls out UnionPay solution
Mar 18, 2013

New currency well-liked, according to survery
Mar 11, 2013

Canada Post joins with Magento to drive eCommerce growth in Canada Mar 8, 2013

Thumbs up by Enderby & District Credit Union membership for merger with First West Credit Union Mar 6, 2013

Ingenico, Timbec partnership expands secure indoor self-service payment acceptance
Mar 4, 2013



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