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Online News Archive

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

November-December 2013

"Cheque is in the mail" - a costly option for business owners

December 17, 2013 --Canadian small and medium sized business owners rely heavily on cheque as a form of payment when conducting B2B transactions. According to MasterCard and Kaiser Associates Research, 49% of all Business to Business (B2B) payments are with cheque.

RBC first North American Financial Institution to bring person-to-person electronic money transfers to Facebook Messenger

December 11, 2013 --RBC marked a North American first by announcing a social, person-to-person (P2P) electronic money transfer capability for customers to send money to Facebook Messenger contacts, right from within the RBC Canada app. Working closely with Facebook, RBC enhanced its app to allow customers to send an Interac e-Transfer, a simple, convenient and secure way to send and receive money without sharing any personal or financial information, directly to their contacts on Facebook Messenger.

Moneris report shows Canadian consumers shop for bargains, both in-store and online

December 6, 2013 --Moneris Solutions Corporation (“Moneris”), Canada’s largest credit and debit card processor, announced today that Black Friday and Cyber Monday spending in Canada jumped 19.19 per cent and 29.33 per cent, respectively, compared to last year. This indicates that these traditionally popular U.S. shopping days – which are still relatively new to Canada – are gaining significant traction north of the border.

Mobey Forum calls for banks to Gen Up as MPOS market grows claws

November 26, 2013 --Banks and financial institutions globally need to develop mobile point of sale (MPOS) strategies now, as major high street retailers begin to use MPOS solutions to reinvent their in-store shopping experience. This is the view taken by the global bank-driven business association, Mobey Forum, in the second in a series of white papers focusing on the MPOS market.

News from CARTES Secure Connexions Event 2013

HID Global enhances proven FARGO direct-to-card printer line with built-in encoding, faster speeds and optional Wi-Fi

November 20, 2013 --HID Global, a worldwide leader in secure identity solutions, today unveiled a major update to its FARGO® Direct-to-Card (DTC®) printer line that significantly expands the secure issuance capabilities for small, medium and large private and government organizations producing ID, access control, payment and loyalty cards.

VeriFone helps merchants meet growing consumer demand for quick, self-service payments

November 18, 2013 --VeriFone Systems, Inc. today introduced UX Solutions, its series of  unattended payment devices that improve transaction security, speed and reliability for vending machines and other self-service environments, including parking meters, petroleum pumps and ticketing machines. 

JUSP revolutionizes mobile POS pricing with “All-Inclusive Dynamic” pricing for larger merchants

November 18, 2013 --USP, the all-in-one chip-and-pin mPOS (Mobile Point-of-Sale) solution for smartphones and tablets, is revolutionizing the mobile point of sale (POS) pricing with a new “all-inclusive dynamic pricing” paradigm for its mobile chip-and-pin solution. Larger retail outlets, which previously found mPOS technology to be cost prohibitive, may now make the switch because of JUSP’s unique pricing model.

35% of traditional banks' market share up for grabs by 2020 in North America

November 15, 2013 --35% of banks' market share in North America could be up for grabs by 2020, as traditional branch banking gives way to digital banking and as new competition emerges. According to Accenture`s research, in 2020 an estimated 15% of traditional banks' revenues could shift to online-only players, including branchless banks and new technology entrants. Another 20% could shift to retail-driven players with a mass-market focus - under partnerships between big-box retailers and banks, and potentially independent ventures by retailers.

The Toronto Star to become one of the first billers in Canada to deposit checks electronically

November 8, 2013 --Creditron, a leading provider of remittance processing and receivables management solutions, today announced that it has delivered its remittance platform to the Toronto Star, Canada’s largest daily newspaper. Deploying the Creditron platform will enable the Toronto Star to decrease its costs significantly, including savings of over $50,000 per year in hardware maintenance alone.

MasterCard Tap & Go™ contactless technology paves the way for mobile payments in Canada

November 7, 2013 --MasterCard today announced it has signed a strategic agreement with Rogers Communications to support mobile payment innovation, including the Rogers™ Prepaid MasterCard® available inside the newly launched Rogers suretap™ wallet operating on MasterCard's payment network. The suretap™ wallet allows customers to simply tap their phone to pay at the tens of thousands of retailers across  Canada currently accepting contactless card payments.

Moneris launches PAYDTM PRO, Canada’s first debit-enabled mobile payment service

November 7, 2013 --Moneris Solutions Corporation (“Moneris”) today announced the launch of PAYD PRO, Canada’s first debit-enabled mobile payment solution using chip & PIN technology to process payments on the go. PAYD PRO expands Moneris' small business payment offerings, giving merchants an opportunity to accept debit and credit card payments on the go through chip and PIN, magstripe or contactless technology using their smartphone device anytime, anywhere.

Payfirma to provide mobile payment processing services to CIBC business banking clients

November 5, 2013 --Payfirma today announced an agreement  with CIBC to offer Payfirma services to CIBC business banking clients who are seeking innovative solutions for accepting payments from clients using mobile devices.Payfirma offers a range of hardware and software solutions on a single platform to help businesses accept debit and credit card payments in stores, online through their company website, or remotely using smartphones and tablets as mobile terminals.



Tim Hortons announces Quickpay Tim Card on your smart phone
December 12, 2013

Optimal Payments launches new payment processing and fraud management system
December 10, 2013

Moneris introduces digital gift and loyalty cards compatible with Apple's Passbook
December 10, 2013

CIBC's Christina Kramer named one of Canada's most powerful women
December 4, 2013

TD's new ATMs takes care of your deposits in a snap
December 2, 2013

Hybrid PayTech World Inc. announces launch of HybridVIRTUO enabling mobile payment for acquirers
November 29, 2013

Assiniboine Credit Union selects Everlink’s Central Card Issuance solution
November 27, 2013

CIBC Mobile Banking now lets Canadians deposit cheques with their phones
November 27, 2013

Wave launches Payments by Wave for iOS
November 26, 2013

Richard Branson’s space venture will accept Bitcoin
November 25, 2013

Laurentian Bank launches EXPLORE credit card designed for travellers
November 20, 2013

ATMIA Canadian Chapter forms governmental relations committee
November 20, 2013

GoECart, Canada Post in e-commerce collaboration
November 18, 2013

InComm,Shoppers Drug Mart take home top honors at Prepaid Awards Canada
November 12, 2013

HP helps retailers deliver exceptional in-store experience
November 12, 2013

MasterCard, Rogers Communications in strategic alliance
November 8, 2013

PC Financial and TD announce Ugo™ - Canada's first open mobile wallet
November 7, 2013

hyperWALLET launches corporate instant-issue prepaid card programs
November 5, 2013

American Express teams up with epost
November 4, 2013

Mattel and Walmart Canada offer holiday shoppers toys on the go
November 4, 2013

New Canadian polymer $5, $10 bills will be released November 7
November 1, 2013



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