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Online News Archive

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

May-June 2012

New solution to provide dynamic currency conversion services in Canada

June 29, 2012-- Global Payments Inc., provider of electronic transaction payment processing services, is launching HomeCurrencyPay, a dynamic currency conversion service available to Global Payments' merchants throughout Canada.

Visa Debit launches at TD Canada Trust

June 27, 2012-- Visa Canada has announced the launch of a new, TD Canada Trust Visa Debit card. The new card provides TD customers with the ability to shop online, over the phone and by mail in Canada, and in-store at millions of locations outside of Canada using funds drawn directly from their bank account.

American Express and Toronto Pearson announce service and marketing partnership

June 25, 2012-- American Express Canada and Toronto Pearson International Airport have announced a new collaboration covering advertising, marketing, sponsorship and customer experience at Canada’s biggest airport.

Everlink introduces next generation of instant card issuance solution

June 25, 2012-- Everlink Payment Services Inc., a provider of integrated payment solutions and services for credit unions, banks and ISOs in Canada, has announced that its Instant Card Issuance (ICI) solution has achieved another innovation milestone by successfully adding a payment application to a certified EMV chip card, post-issuance.

Prepaid Awards Canada celebrates inaugural event

June 21, 2012-- The Liberty Grand Entertainment Complex in Toronto played host to the inaugural black tie Prepaid Awards Canada, held Thursday 7th June 2012 in Toronto. More than 180 prepaid industry professionals attended the event which celebrates innovation and best practice within the Canadian prepaid industry.

More than 70 percent of Canadians ready to go “cashless”

June 15, 2012-- The idea of living in a cashless society is gaining considerable momentum in Canada. A new survey conducted on behalf of PayPal Canada by Leger Marketing shows that 71 percent of Canadians are comfortable with never having to handle cash to make a purchase, up 27 percent from 2011.

Canada must move quickly to be a leader in mobile payments: CIBC's Jim Prentice

June 14, 2012-- Participants in the Canadian mobile payment space, including financial institutions, wireless providers, networks and regulators, must act now and put a renewed focus on clients if Canada wants to be a leader in mobile payments, said the Honourable Jim Prentice, P.C., Q.C., Vice Chairman of CIBC.

CPA selects Expertus to deliver LVTS renewal project

June 12, 2012-- Expertus has been chosen to deliver key upgrades to Canada’s national electronic wire payments transfer system. The Canadian Payments Association (CPA), which operates Canada’s national clearing and settlement systems, made the announcement during its biennial conference, Payments Panorama 2012, in Quebec City.

GuestLogix Global Payment Services goes live with large European airline

June 11 , 2012-- GuestLogix Inc., provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, has announced the deployment of its Global Payment Services technology to support a large European airline's onboard retailing programs.

Rogers and CIBC announce Canadian mobile payments partnership

May 16, 2012-- CIBC and Rogers Communications will launch Canada's first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the checkout counter using their Rogers "Near Field Communications" (NFC) enabled smartphone.

Global study identifies impact of smartphone use on mobile banking and payments

May 15, 2012-- A study of mobile banking and payment adoption rates in 14 countries by ACI Worldwide and Aite Group has discovered a new category of consumer, known as Smartphonatics, that is driving the demand for mobile payments and banking. A Smartphonatic is someone who changes their shopping, financial and payment behaviour as a result of owning a smartphone.

Financial industry announces mobile payment technology guidelines

May 14, 2012--The banking industry and credit union system have announced an industry-wide initiative that will pave the way for the development of mobile payment options for Canadians. The voluntary guidelines, called the Mobile Reference Model, provide a framework for how mobile payment capabilities can work with existing payment systems, ensure fair competition among market participants, and outline how market participants can work with existing, secure contactless payment technology already in place today.

MasterCard unveils PayPass Wallet Services

May 11, 2012 -- Payments and technology company MasterCard has launched PayPass Wallet Services, a digital payments platform and suite of services for banks, merchants and partners. The service, which is to be available in the third quarter of 2012, is made up of three components: PayPass Acceptance Network (PayPass Online and PayPass Contactless), PayPass Wallet and PayPass API.

New Canadian $20 note design unveiled

May 2, 2012--Minister of Finance Jim Flaherty and Governor Mark Carney today unveiled the new and more secure $20 polymer bank note at the Bank of Canada’s head office, on Wellington Street in Ottawa. To raise public awareness about the new note, the building's north-east corner now features seven-storey high images of both sides of the polymer $20.




BMO Spend & Payment Solutions and Chrome River announce strategic partnership June 28, 2012

Moneris Solutions appoints new president, North American strategic partnerships and emerging markets June 15, 2012

VersaPay announces referral partnership with U.S. payment solutions provider June 13, 2012

hyperWALLET and Fidor Bank AG to cooperate in global e-payments sector June 13, 2012

Prima Payments signs with Phoenix Managed Networks for Paysecure May 17, 2012

Pivotal Payments partners with NetSecure to develop branded mobile payment app May 14, 2012

New service to help web merchants with PCI-DSS compliance May 10, 2012

Logica introduces all payments solution May 2, 2012

Payfirma opens its mobile payment app for integration May 1, 2012



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